Purchase of electrical parts

Wadawe

Kintampo-brong Ahafo Rigion, Ghana

100% repaid

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How it Works

Entrepreneur

Name

Wadawe

Member since

May 2015

On-time repayments

303 installments • 63%

About Me

My name is wilberforce kofi wadawe.i am single and a member of a family of six. I lost my parent at a very tender age in which i struggle to make ends meet. Through scholarship,i completed senior secondary school and proceeded to koforidua college of education of which i came out to become a teacher at a rural community call Kunsu near Kintampo. I was not able to continue to the university because of money. When i was in the secondary school,i got government scholarship so i was able save USD100 which i use to start my electrical shop business in order to support my family.i also want to support my brothers son who want to become a doctor in the future. I like reading and soccer.

My Business

I am into the sale of electrical appliences. The business is situated at kintampo in the Brong Ahafo region of Ghana. I choose this business because of high demand for electrical parts.i. USD100 to set up the business. The iyerms are in a container.the business is very lucrative with 0.5% risk level of some parts not been purchase ontime but any amount invested in it shall not be at loss. My only challenge is that i have very limited working capital therefore should i get any fund as support, i believe in the next 2 years my business will grow from strength to strength. Now because of the support I received from you I am now at university studying Bsc Information Technology. I pray you continue helping me so that I will be able to graduate.

Loan Proposal

I want the loan to buy enough goods to start a new branch in a new by village which is to be connected to the national grid. I have being visiting the village for the past one month with some of my goods and I have realised that there is a higher demand of the electrical parts because there is no electrical shop there. I have now plan to establish a branch there immediately I receive this loan.