Purchase of soap mixer machine

Chima Ogbonna

Adabraka, Ghana

100% repaid

Entrepreneur

Name

Chima Ogbonna

Member since

March 2015

On-time repayments

181 installments  •  78%

About Me

My name is Ogbonna Chima, I had a humble beginning growing up
with my siblings. I developed a love for computers at a very young age and used that love to develop myself.
While developing myself I learnt to be disciplined and prudent which came as a result of a 2 years missionary service for the church of Jesus Christ of Latter day Saints.
After my service, I started business and after saving up Ghc 2500, I used the money to open my office and started operating till date. With my keen interest in IT and good money management skills I have been able to grow this business to a profitable one.

My Business

I have an apartment I will be renting out. I will be doing renovation work so that it can be ready for a tenant.

Loan Proposal

We have currently expanded into the soap making business and now sell to a good share of the market in Accra , Ghana. Now we are buying from wholesales and reselling to end users.
Buying the market will open new opportunities for as this will help us employ more hands and be able to offer good prices to our end users helping to create value and make more profit.
From our estimation, the soap mixer will increase our over profit by Ghc 611 weekly. After we pay off our loan, we can then expand and buy more soap mixer machines.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$357.76

Date disbursed

Nov 21, 2016

Repayment status

On Time

Projected term

3 months

Cost to entrepreneur

Service fee: $8.86

Lenders

Gringotts

United States

Paul Buchheit

Mountain View, United States

moursund

Beaver Nation, United States

PG

Paul Graham

United States

PR

Paul Rausch

United States

MS

Mike Sutherland

United Kingdom

Jes-c

United States

Craig Newmark

United States

The Zinc Team

San Francisco, United States

A

Anonymous

United States

Salvatore Martello

New York, New York, United States

R

RMIM

United States

Paul Buchheit

Mountain View, United States

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