Otu Electrical Business

Samuel Otu

Kumasi, Ghana

100% repaid

Entrepreneur

Name

Samuel Otu

Member since

September 2015

On-time repayments

117 installments  •  78%

About Me

I was born in the ashanti region of Ghana at the komfo anokye teaching hospital. I stayed at manhyia for five years. I started primary school at manhyia D/A school. I decided to sell electrical equipment and electrical appliances as well. I am now into selling of electrical equipment. selling of electrical equipment and electrical appliances is what I have chosen as my job. I always among the first ten best students in school. The money will be good for our family. I sell elictical appliances. I have been teaching my children about the sale of electronic profits. I need some lone to enable me buy more electrical appliances. my first child want to sell electrical engineering products in future. My second child want to be a police officer. I really like to play football because it is my hobby.

My Business

I will also use part of the money (200gh) cidis to buy distribution boards, lamp holders, set of srew drivers, lamps, suckets, switch, screws. I will use part of the money (200gh) cidis to hire labours to work in the shop or help me carry out other activities at the shop. Part of the money will also be used to pay my electricity bill as well as other mandatory payments required by authorities in the country. I will used part of the money to buy electrical cabes. I will use part of the money to buy chices and hummers for keep and sell them later at a profitable prices. Part of the money (100gh) cidis will be used to buy electrical circuit breakers for keep at the shop and sell them later also at a profitable amount which will help me gain profit in order to get money to cater for my family and to help the needy in the nation as well. Part of the money will also be used to buy conduit pipe, change over and metre boards for keep and sell the later. I will also use part of the money to buy extension boards, sercular boxes and sell them later at a profitable prices to help me gain a lot of profit. Part of the money will be used to buy other electrical materials and equipment needed by the workers for keep at the shop and sell them later. I will use some of the money to buy tranking and sell them later. Part of the money will be used to buy a lot of electrical appliances for keep and sell them later at a profitable prices. All I am praying for is to develop my shop or improved it to become a commercial ones which can support the family very well. I am counting on your co-operation. Thank you.

Loan Proposal

I will use part $100 to hire labours to work for me. $100 to buy electrical cables. $50 to buy electrical wires. $60 to buy electrical bulbs. $60 to buy electrical sockets. $35 to buy screw drivers. $40 to cater for my children. $30 to buy one shirt. $55 to help develop my church. $39 to help the needy around my area.

Feedback

2

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  • Margaret    May 20, 2017

    Samuel paid off his loan as promised and was a pleasure to work with. Thank you Samuel!

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Loan Info

Project Type

Classic Loan

Disbursed amount

$356.18

Date disbursed

Jan 18, 2017

Repayment status

On Time

Projected term

7 months

Cost to entrepreneur

Service fee: $9.37

Lenders

T

Tmann

Los Angeles, United States

AltruisticSelfishnes

Chicago, United States

S

sebseb

The Hague, Netherlands

ErikN

Stockholm, Sweden

TK

Tim Koppel

WOLLONGONG, Australia

C

CheesemanDan

Shanghai, China

B

briansedz

Canton, Ohio, United States

Krtecek

Balzers, Liechtenstein

Cloudways

Malta, Malta

Bobrm2k3

Charleston, United States

W

willemsenphilippe

Edegem, Belgium

BF

Bob Fitzjohn

Fontvielle, Monaco, Yemen

K

kjustad

Asker, Norway

M

Moonknight

Østre Gausdal, Norway

JonB

London, United Kingdom

Evan Lamos

Brussels, Belgium

sderickson

Berkeley, CA, United States

Paul Buchheit

Mountain View, United States

D

DandS

United States

S

sarah4d2

Saint Louis, United States

B

bscent

Hong Kong

T

theleengwist

United States

H

happyhappy

Switzerland

Kyle Hoback

Jersey City, NJ, United States

E

Erich

Zurich, Switzerland

JD

Jo Dane

Melbourne, Australia

V

Vivek

Arlington, VA, United States

PG

Paul Graham

United States

N

Nick

United States

Taylor

Memphis, United States

JO

Johan O

Borlänge, Sweden

YV

Yuri Vanin

United States

V

Vidar

Oslo, Norway

DK

Danny Kelly

United States

RC

Rudi Chen

United States

B

Boris

Bern, Switzerland

Fanny Teppe

Lyon, France, Belgium

BW

Betty Waweru

United States

SS

Sofia Shields

United States

KirstenAlana

Los Angeles, United States

HH

Heidi Harris

United States

Jes-c

United States

B

Brett

Australia

RG

Ravi Gadad

United States

Zack Stein

United States

GA

Giovanni and Yelena

New York, Ny, United States

JA

Jan Andresen

Hamburg, Germany

Sinan Taifour

Munich, Germany, Germany

SM

Sachet Marion

United States

E

Elle

New York, United States

Raymond Murphy

Carson Valley, NV, United States

QH

Qasim Halai

United States

J

Jon

United States

cchhrriiss

Munich, Germany

The Zinc Team

San Francisco, United States

Benjamin Kniaz

Boston, United States

Humble Bundle Community

San Francisco, United States

V

VJ

Canberra, Australia

E

ericb321

Republic of Korea

M

Margaret

United States

Helper

United States

J

Jakub

Czech Republic

KK

Kurt Kellner

United States

R

RMIM

United States

Paul Buchheit

Mountain View, United States

JG

Jake Gibson and Beverly Picardo

San Francisco, United States

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