Please, i need a loan of $5 to expand my business

Yeboah

Techiman, Ghana

100% repaid

Entrepreneur

Name

Yeboah

Member since

November 2016

On-time repayments

16 installments  •  75%

About Me

My name is Yeboah Ambrose. I a young man of 23 years , I come from Techiman (Ghana), I begin my education at Good shepherd educational institute and completed my senior high education at TESS.
After my education, I worked with a book shop in my locality for two years in which i exceeded an exceptional and in which I gain an exceptional.
I am very hard worker and second to none in terms of academic excellence. Because of economic hardship, I could not further my education but rather diverted into such a nice business.

My Business

l sell goods like erasers, pencils, text books, exercise books and note books. In Ghana, our education depends on bookish more than practical therefore making the demand of books very high in my locality.
I love this business because it doesn't need higher amount to begin and when I'm able to sell one box of note book which cost $20, i make a profit of $3 and will not take me more than two days to sell if only materials are available.
After i have hard all this profit.
I am appealing to you to help me financially to expand my business.

Loan Proposal

I will use the money to buy a box of pencils $2 , box of erasers $1 and exercise books $4.
I am very aggressive for the loan because when i am able to purchase this items, I will generate a profit not less than $2 after I have sold a box each.
They are highly demanded too.

Feedback

1

None

None

  • Michael    May 7, 2017

    Great! 100% repayment and on time. Good luck with everything!

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Loan Info

Project Type

Classic Loan

Disbursed amount

$3.00

Date disbursed

Jan 18, 2017

Repayment status

On Time

Projected term

5 weeks

Lenders

A

Anonymous

United States

Lex Moen

Netherlands

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  • Belinda    Mar 8, 2019

    Mr Ambrose is planning to get back to team and pay off his loan

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  • Belinda    Nov 20, 2018

    Still the business is down due to mismanagement and other expenses

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  • Belinda    Oct 20, 2018

    On 15th of October, i called him personally to find out why he is not paying back the loan in time. The business has come down

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  • Yeboah    May 11, 2017

    I have finished my payment, in fact it has help me a lot. Thank you lenders

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  • Yeboah    Mar 15, 2017

    Hello, I have received an amount of 19 Ghana cedis (4$) I want to invest in marker pen now because it is affordable and highly demanded too.
    Due to the insufficient fund to invest in huge things like note books and other stuff, I think the 4$ will well fit the marker pen cost.
    I highly appreciate what you have done for me, God richly bless you my lenders.

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  • Yeboah    Mar 11, 2017

    I will use this money to buy new goods like books, which cost 3$ for five and erasers which cost 1& for a box .
    This will enable me to serve my customers well and be reliable to them too.
    I am most grateful for given me such opportunity, May the good Lord richly bless you.

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  • Yeboah    Feb 21, 2017

    I want to adjust my installment because I can now see that, I am making profit thrice more than my weekly installment. in fact this loan has really help me, I'm very happy.

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  • Yeboah    Feb 16, 2017

    now I can see a massive improvement in my book shop, now I am able to make a profit of 15℅ on my weekly sales especially on the pencils I bought

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  • Yeboah    Jan 30, 2017

    I am very glad to have this loan opportunity from my dearest lenders, now my business is progressing. Thank you once again.

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  • Yeboah    Jan 24, 2017

    Hello, I have received your 10 ghana cedis loan.
    I will invest it in pencils and erasers for now. May the good Lord richly bless you, much appreciated .

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  • Yeboah    Jan 18, 2017

    Hi, I am Ambrose, my loan has been disbursed to me.
    I am highly delighted and most grateful , may the good Lord richly bless you for your goodness .. I will use it to buy pencils and erasers to my book shop for now.

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  • Yeboah    Jan 18, 2017

    Hi, I am Ambrose, my loan has been disbursed to me.
    I am highly delighted and most grateful , may the good Lord richly bless you for your goodness .. I will use it to buy pencils and erasers to my book shop for now.

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  • Yeboah    Dec 24, 2016

    I am most grateful for given me such a marvelous opportunity to buy in more books, pencils and erasers to expand my book shop business, Thank you very much.

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