Purchase of cosmetic products

Michael Asiedu

Berekum, Ghana

100% repaid

Entrepreneur

Name

Michael Asiedu

Member since

January 2015

On-time repayments

128 installments  •  80%

About Me

Life had not been easy for me as at now. My name is Asiedu Michael who hails from Brong Ahafo Region.i started my education with a basic school in our community called Biadan. I completed in the year 2006 and finished my senior high in 2009,but due to hardship and poverty i could not continue my education. I thought life was over for me since all my friends and class mate were schooling. I moved in into trading where by i sold some cosmetics in a shop. I saw that i need to have a property since i could not made it to school.I ventured into farming aside the cosmetics to join my parents since that has been their source of emplyment all this while. As a young guy in farming, i was nerva easy but due to perseverance and aim to succeed i moved on.

My Business

I ventured into farming because i had basic knowledge about it growing up. Am a young guy who is established in Berekum. My parents were farmers so i used to help them when i close from school and during vacation. Ghana has a potential land for farming thus all the farming lands are fertile enough to grow almost 90% of the worlds crops.But is not easy farming in Ghana due to inadequate finances to help hure labour and machinery for farming activities. I have four acres of cocoa farm inwhich i need a loan of about $450 in other to hire labour. I cannot do all by myself and hope zidisha will help me. Thank you

Loan Proposal

I will use the funds solely for purchasing cosmetic products like body creams examples, nivea and cocoa butter etc, hair creams, facial soap and hand soaps, hand creams and other beauty products. This will create a lot of benefits to myself and my community since i will get the profit to expand my business and the community will get their beauty products at ease. Moreover, i will be able to employ people hence source of employment to my community. Lastly i will get funds to help my father invest in his farming and help the family.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$106.33

Date disbursed

Jan 15, 2015

Repayment status

On Time

Projected term

6 weeks

Cost to entrepreneur

Lender interest: $106.33 at 11.45% annual rate over 1 month = $1.51

Service fee: $0.25

Lenders

Martin

Manama, Bahrain

M

mkellerman

Shanghai, China

F

Frenchie

Johannesburg, United Arab Emirates

Matthieu

Switzerland, France

H

harrymore

Townsville, Australia

ScholaNatura

Czech Republic

Vesa

Helsinki, Finland

G

GDean

United States

A

adamdreaming

United States

O

ORBP1

Germany

PC

Patrick Clavette

Hartford, Wisconsin, United States

M

Maggie

Australia

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