Purchase of soap mixer machine

Chima

Adabraka, Ghana

100% repaid

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How it Works

Entrepreneur

Name

Chima

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.