Entrepreneur
Name
Igwe
Member since
March 2015
On-time repayments
243 installments • 50%
About Me
Igwe Simon peter, born June 03, 1974 to the late Mr peter Igwe who died in august 1999
( may his gentle soul rest in peace )and second in the family of five ( 3 men and 2 women ) and had my primary , middle and o'" level in volta region precisely Aflao and
Denu near the Lome - Togo boarder with grade one ( aggregate 16 to be precised ) and later joined my uncle to be mentored in business with the hope of starting up mine soon and with the little savings I decided to move into the sales of bedsheets and curtains by retailing them to schools hospitals etc. Accra is unique because you are always challenged to be creative and hard working but the utmost is watching kids doing better than me in life
Igwe likes reading christian literature and watching football and of course Barcelona matches when am less busy and occasionally play drought with friends.
My Business
I deal in used clothing and bed sheets at Katamanto Accra with company registration name ( rolltex venture ) and beds sheets move fast like food every because every home, schools and hotels etc need as is very vital from the beginning I started the business with the sum of ten thousand Ghana Cedis (GH10.000) about two thousand four hundred according to the prevailing rate and now with the minimum monthly turn over of fifty thousand Ghana Cedis and i like these items because they move fast as, with any increase from the sale I begin with payment of tithe then invest some ,pay school fees and at times other social responsibilities not forgetting the less privileges and orphanages .
Loan Proposal
I intend to use this amount ( $100) to buy more bales of used bedsheets which a bale of 55kg from London ( UK ) costs ghc450 ( $120 ) to meet up with many demands ( schools , hostels and the white bedsheets for hospitals ) and out of this it will generate a profit of about 20% from the proceed and as it keeps growing i intend to engage more labour in to minimize the unemployment and also as time goes on, helping the less privilege especially sowing a seed to an orphanage at teshie - nungua (Accra suburb) .
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Loan Info
Project Type
Classic Loan
Disbursed amount
$100.00
Date disbursed
Apr 25, 2015
Repayment status
On Time
Projected term
6 weeks
Other loans
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Summary
Amount repaid
$98.25
Amount remaining
$0.00
Date repaid
Jun 1, 2015
Status
Fully repaid
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| May 3, 2015 | $16.25 | May 4, 2015 | $16.25 |
| May 10, 2015 | $16.25 | May 11, 2015 | $16.25 |
| May 17, 2015 | $16.25 | May 15, 2015 | $16.25 |
| May 24, 2015 | $16.25 | May 25, 2015 | $16.25 |
| May 31, 2015 | $16.25 | Jun 1, 2015 | $16.25 |
| Jun 7, 2015 | $17.00 | Jun 4, 2015 | $17.00 |
Dean Suminski Sep 26, 2017
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