Margaret
Berekum, Ghana
100% repaid
Name
Margaret
Member since
November 2015
On-time repayments
121 installments • 67%
I am rarely known by the name Margaret Kyeremaa; this is because people normally call me Madam Business. Life has not been easy before the intervention of Zidisha and its noble lenders. I started life in a town called Berekum in the Brong Ahafo Region of Ghana. I completed basic school in one of the schools in the town and furthered to finish secondary school. After completion, and hoping to further the breadwinner of my family, my father lost his job and this led to thinking and stress and later he lost his life as well. It was not easy for our family since none of my siblings was able to finish school. We all started to fight for ourselves in life and relying for success on hope and miracles. I started some petty trading whereby I sell on the streets and to various homes. This led to further initiative to open my small store at a vantage point to attract customers and buyers. I hope to further my education anytime soon since business is picking up now.
Life treated me badly on the part of education, hence I decided to enter into business for survival. In our part of the world, it is difficult to excel in business since there is no motivation and resource development. Business, on the other hand to education, is the establishment of oneself to the benefit of the society, Both the initiator and the environment receives benefit.
My store is located in Berekum, a town in the Brong Ahafo. The specific location is at Kyiribaa where I sell daily consumables like breakfast products, detergents and provisions. These products that I retail to my community are very useful because people use them daily. That is why I have named it daily consumables. Their demand is very urgent, for example: sugar, toilet roll, bread, milk, soap, etc.
Cost and revenue functions are important in establishing how profitable the business is. My capital was very little since I started the business with 1000 Ghanaian Cedis 3 years ago. With the help of Zidisha, I have been able to raise the stock and asset level to 3500 Ghanaian Cedis now. My expenses are: my daily consumables, utility bills and a helping hand I give to my younger brother and sister for their school fees. Some investment has been made with the remaining profit in purchasing of secondhand clothing and reselling it. These clothes are highly purchased in our part of the world. I have started and the business is moving on smoothly.
my supermarket needs finances to be able to compete with other shops. I count on the lenders to consider this my loan application in other for me to stock my shop with some important and needy products to be able to solve the needs of the community. I hope and know that if I get this money my profit margin will increase and will be able to generate a minimum of 40% profit within a week payback the loan
I am rearly known by the name Margaret Kyeremaa this is because people normally call me madam business. Life has not been easy fore less the intervention of Zidisha and its noble lenders. I started life in a town called Berekum in the Brong Ahafo Region Ghana. I completedy basic school in one of the schools in the townand furthered to finish Secondary school. After completion and hoping to further the bread winner of my family thus father lost his job and this lead to thinking and stress and later lost his life as well. It was not easy for our family since none of my siblings was able to finish school. We all started to fight for ourselves in life and relying sucess on hope and miracles. I started some petty trading whereby i sell on the streets and various homes. This lead to further initiative to open my small store at a vantage point in Other yo attract cuatomers and buyers. I hope to further my education anytime soon since business is picking up now.
Life treated me badly on the part of education hence i decided to enter into business for survival.In our part of the world, is difficult to excel in business simce there are no motivation and resource development. Business on the other hand to education is the establishment of oneself to the benefit of the society with which both the initiator and the environment receives benefit. My store is located in Berekum a town in the Brong Ahafo. Specific location is at Kyiribaa where by i sell daily consumables like breakfast products, detergents and provisions. These products i retail to my community are very useful because they use them daily that i why i have named it dily consumables. Their demand is very urgent example sugar, toilet roll, bread, milk, soap, etc. Cost and reenue functions are important in establishing how profitable or loss the business is. My capital was very less since i started the business with 250$ 3 years ago. With the help of zidisha i have been able to raise the stock and Asset level to about 900 US dollars as at now. My expenses are my daily consumables, utility bills and a helping hand i give to my younger brother and sister thus their school fees.Some investment are been made with the remaining profit in purchasing of secomd hand clothing and reselling. These clothing are highly purchased in our part of the world. Have started and business is moving on smoothly. I have opened a new store where i sell this clothing. I would like to purchase a bale of clothing which cost about 700 US dollars. After sales the principal and the profit is estimated about 100 dollars which is a good business.
my supermarket needs finances to be able to compete with other shops. I count on the lenders to consider this my loan application in other for me to stock my shop with some important and needy products to be able to solve the needs of the community. I hope and know that if I get this money my profit margin will increase and will be able to generate a minimum of 40% profit within a week payback the loan
Positive
2
Neutral
None
Negative
None
Project Type
Classic Loan
Disbursed amount
$200.00
Date disbursed
Dec 29, 2015
Repayment status
On Time
Projected term
4 months
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Amount repaid
$195.00
Amount remaining
$0.00
Date repaid
May 30, 2016
Status
Fully repaid
Expected Payments | Actual Payments | ||
---|---|---|---|
Jan 10, 2016 | $12.50 | Jan 12, 2016 | $12.50 |
Jan 17, 2016 | $12.50 | Jan 29, 2016 | $12.50 |
Jan 24, 2016 | $0.00 | ||
Jan 31, 2016 | $0.00 | ||
Feb 7, 2016 | $0.00 | ||
Feb 14, 2016 | $42.50 | Feb 12, 2016 | $37.50 |
Feb 16, 2016 | $5.00 | ||
Feb 21, 2016 | $0.00 | ||
Feb 28, 2016 | $5.00 | Feb 29, 2016 | $5.00 |
Mar 6, 2016 | $5.00 | Mar 6, 2016 | $5.00 |
Mar 13, 2016 | $5.00 | Mar 13, 2016 | $5.00 |
Mar 20, 2016 | $5.00 | Mar 21, 2016 | $5.00 |
Mar 27, 2016 | $5.00 | Mar 28, 2016 | $5.00 |
Apr 3, 2016 | $5.00 | Apr 5, 2016 | $5.00 |
Apr 10, 2016 | $5.00 | Apr 10, 2016 | $5.00 |
Apr 17, 2016 | $5.00 | Apr 19, 2016 | $5.00 |
Apr 24, 2016 | $0.00 | ||
May 1, 2016 | $12.50 | Apr 25, 2016 | $12.50 |
May 8, 2016 | $12.50 | May 10, 2016 | $12.50 |
May 15, 2016 | $0.00 | ||
May 22, 2016 | $25.00 | May 25, 2016 | $25.00 |
May 29, 2016 | $37.50 | May 30, 2016 | $37.50 |
beckynagel Apr 3, 2017
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