Entrepreneur
Name
Oppong
Member since
June 2016
On-time repayments
163 installments • 24%
About Me
Kofiasua is one of the interesting place that I began my life I am half way educated. I completed Junior high School. I learned spraying after school. It took me five years to complete this jpb whiIst other were using three yeas. I had wanted to learn spraying well and indeed one can atest that I realy know my job.No money syndrome catches me in my family so getting money to start the job on my own was a problem.It was just like a miracle one day when one of my daddy friends visited us and asked me what I wanted to do in life when I told him I have learnt car spraying,but have problem starting the job. He immediately signed a cheque worth GHs500. I immediately went and bought paints and other equipment to start with.
My Business
I spray cars and I have six apprentice. Dormaa is a municipality that is dominated by car businesses. Different cars in Dormaa and its environ come regularly to spray their cars for spraying and other items like gas cylinders are also sent to my shop for spraying. I chose to like this business because I am a manager myself and it fetch me some few amount of the Ghana CEDI's. It cost me close to ghc350 to spray one car in terms of buying pain and other materials. But the charge for painting a car is ghc450. This means the business require a lot of capital to manage. T use part of the profit I make to pay school fees, save part and part to buy feed the family. If there is an excess, I reinvest it in the business to enable the business to grow.
Loan Proposal
I will buy new spraying machine at $50. I will also purchase new set of paints of varying colours at $40. I will buy tapes and papers at $30. I will buy protective gogle and clothes for my apprentice at $35. With these items I hope to delivering well to my customers because they will be able to get different kinds of paints for their cars and that will let my painting business to grow and out of that could earn me more profits. I hope with this amount, I expect my profit to go up by about 85%
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Loan Info
Project Type
Classic Loan
Disbursed amount
$69.00
Date disbursed
Oct 11, 2016
Repayment status
On Time
Projected term
8 weeks
Other loans
Lenders
United States
United States
United States
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