New tires and seat covers for my transport service vehicle

Marvin Sarfo Mensah

Kumasi, Ghana

100% repaid

Entrepreneur

Name

Marvin Sarfo Mensah

Member since

July 2015

On-time repayments

207 installments  •  69%

About Me

My name is Marvin Sarfo Mensah and I am 22 years of age. I am the oldest and also the only male child of my parents' five children. I had my primary and JSS education at Glory Vel School. I furthered my education to the SHS level at KNUST SHS. At my secondary education, I was in the arts class.

After my secondary education, I have not had the opportunity to further my education as a result of financial problems. As a result of these hardships, I have worked as a laborer since I completed school. After some time, I had an idea of starting my own business, for which I bought a taxi with my savings. The unique thing about Ghanaians is that we are hospitable to people who visit us.

My Business

I offer transport services to people. Such services include transporting people from their home to their workplace, and also from their workplace back home. I also transport people to their trips and all kinds of long-distance travel. I also give my contacts to my passengers who need my service to transport them in case of any emergency, such as transporting them to hospitals.

In my country, most people do not have their own private vehicles, so most people depend on public transport as their source of transportation, which makes my work as a transporter very [well] earning.

Loan Proposal

When I am given the loan, I will make good use of it, such that I will invest it in my vehicle. First of all, I will use about 50 dollars of the loan to purchase four new tires to replace the old ones, so that [the vehicle] will be safe to prevent any unwanted accidents. Also, I will purchase new seat covers to replace the old ones to make passengers feel comfortable anytime they board my vehicle. This will change the interior decoration of the car to make it more attractive to the passengers as well. This will cost about 40 dollars. I will keep the rest of the loan so that I can use it to service the vehicle in case it develops any fault at any time.

Show original English  

About Me

My name is Marvin Sarfo Mensah and am 22 years of age. Am the oldest and also the only male child of my parents five children. I had my primary and JSS education at Glory Vel School. I further my education to the SHS level at KNUST SHS. At my secondary education, I was in the arts class. After my secondary education I have not had the opportunity to further my education as a results of financial problems. As a results of these hardships, I have worked as a laborer since I completed school. After sometime, I had an idea of starting my own business for which I bought a taxi with my savings.The unique thing about Ghanaians is that we are hospitable to people who visit us.

My Business

I am in the mushroom farming business for some years now. I grow mushroom for selling and also for domestic use at home. The mushroom farming has been one of the past farming business in the country which use to receive low patronage. In recent times because of its nutritional health benefits as results of eating it, alot of demand has come to it. This has made me to increase my production every time.

Loan Proposal

When am given the loan, i will make good use of it such that i will invest it in my vehicle. First of all, i will use about 50 dollars of the loan to purchase four new tires to replace the old ones so that working will be safe to prevent any unwanted accident. Also i will purchase new seat covers to replace the old ones to make passengers feel comfortable anytime they board my vehicle . This will change the interior decoration of the car to make it more attractive to the passengers as well. This will cost about 40 dollars.I will keep the rest of the loan so that i can use it to service the vehicle in case it develops any fault at any time.

Feedback

None

None

1



Loading...

Loan Info

Project Type

Classic Loan

Disbursed amount

$92.50

Date disbursed

Aug 12, 2015

Repayment status

On Time

Projected term

2 months

Cost to entrepreneur

Service fee: $2.41

Marvin opted to pay $6.33 into the Zidisha Members Loan Fund in return for a higher starting credit limit.

Lenders

PG

Paul Graham

United States

Ask Marvin a question about this loan project, share news and photos of your own, or send a simple note of thanks or inspiration.

Loading...

Loading...

Loading...