Purchase of gas oven

Seth Lumor

Hohoe, Ghana

100% repaid

Entrepreneur

Name

Seth Lumor

Member since

May 2016

On-time repayments

56 installments  •  75%

About Me

I am popularly known by the name seth lumor, l am a native of Hohoe in the Volta region Ghana. I was born in the year 1990. I have attended A.M.E Zion primary and junior high school and completed in the year 2005 . After my junior high school, Although l was qualified to the next level but due to my poor family background l had to engage myself into minor work by helping somebody in his bread baking business to be able to raise some money for school fees and other items for my school. Thereafter I went to E.P senior high school where l had my certificate. Even in school l continued to work in the bakery and that was how my idea to start my own bread business came about. Hohoe is surrounded by mountainous villages full of tourist attractions. when l was in secondary school l like playing volleyball.

My Business

l bake bread and sell . Because bread is one of the cheapest commodity and also affordable, the demand is very high because Hohoe has a lot of schools and the most attracted tourist centers. because of this there are always a lot of visitors in the town . So, l choose this business because it is one of the fast moving business and l can distribute at any time that my customers need it. Flour, sugar, margarine and other ingredients are the most typical cost in bread baking, because, l don't have a support or much capital, l started with GHS 50.00 and now l can say proudly that through this baking business l am getting my daily bread, paying my rent without stress and l am building my capital too.

Loan Proposal

I need this loan to buy Gas Oven for my own production, this will help me to improve upon my production without depending on other people's oven.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$389.49

Date disbursed

Nov 14, 2016

Repayment status

On Time

Projected term

5 months

Cost to entrepreneur

Service fee: $9.75

Lenders

Cloudways

Malta, Malta

ads68

Melbourne, Australia

W

Wade

United States

Paul

Crandon, United States

ME

Manaal Eisa

Washington DC, United States

PG

Paul Graham

United States

N

Nick

Greater London, United Kingdom

Craig Newmark

United States

The Zinc Team

San Francisco, United States

Humble Bundle Community

San Francisco, United States

A

Anonymous

United States

E

ericb321

Republic of Korea

M

Margaret

United States

WC

Walter Clarke

Phoenix, United States

Paul Buchheit

Mountain View, United States

V

VERONICA

Puerto Rico

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