Purchase of power generator

Mensah

Drobo, Ghana

100% repaid

Entrepreneur

Name

Mensah

Member since

April 2015

On-time repayments

91 installments  •  45%

About Me

Adjei Mensa is my name. I come from Ampenkro, a village near Drobo in the Brong Ahafo region of Ghana. My parents were peasant farmers who divorced when I was three years. It has been a miracle for my upbringing as a result of a relatively large family (seven siblings) and divorced parents. I had to start fending for myself from a tender age. I completed teacher training college and subsequently the university through the assistance of a good Samaritan. I therefore want to help my younger siblings as well as my nephews and nieces to continue their education and cater for my old mother. My community is a poor one so I intend creating an educational fund through the assistance of benevolent societies to cater for the needy.

My Business

I owe a provision and cold store in a small community called Menji in the Tain district of Ghana. Most of the town folk had to preciously travel about 10 kilometers to have access to meat and other valuable vegetables. I therefore created a cold store to sell fish and frozen chicken for consumption. This has eased the burden on the townsfolk from travelling for these products. I have recently added soft drinks and items for sale. Efforts are being made to purchase an extra refrigerator to make up for the increasing demand for my products.

Loan Proposal

I live in a community where there is erratic power supply. The unstable power supply has lead to the decline and total collapse of most businesses. My products depend solely on electricity and continuous power outage could lead to the rotting of the products.
My main purpose is to purchase a power generator to supplement the hydroelectric power I depend on.
I will require 500 dollars to secure a quality generator for my products. I am a teacher and would use part of my salary to augment my loan to enable me secure the generator.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$191.00

Date disbursed

Dec 20, 2015

Repayment status

On Time

Projected term

3 months

Lenders

dlpringle

Denver, United States

B

bugdaniel

Switzerland

I

Ian

United Kingdom

WE

Wendy Emlyn

Devon, United Kingdom

R

Ryan

United States

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Summary

Amount repaid

$186.50

Amount remaining

$0.00

Date repaid

Mar 24, 2016

Status

Fully repaid

Repayment History

Expected Payments Actual Payments
Dec 29, 2015 $35.50 Dec 30, 2015 $35.50
Jan 5, 2016 $35.50 Jan 7, 2016 $35.50
Jan 12, 2016 $10.00 Jan 14, 2016 $10.00
Jan 19, 2016 $10.00 Jan 20, 2016 $10.00
Jan 26, 2016 $10.00 Jan 28, 2016 $10.00
Feb 2, 2016 $10.00 Feb 3, 2016 $10.00
Feb 9, 2016 $10.00 Feb 10, 2016 $10.00
Feb 16, 2016 $10.00 Feb 24, 2016 $10.00
Feb 23, 2016 $10.00 Mar 2, 2016 $10.00
Mar 1, 2016 $10.00 Mar 11, 2016 $10.00
Mar 8, 2016 $10.00 Mar 11, 2016 $10.00
Mar 15, 2016 $10.00 Mar 17, 2016 $10.00
Mar 22, 2016 $15.50 Mar 24, 2016 $15.50

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