Purchasing, processing and selling foodstuff

Osman Bashiru

Kumasi, Ghana

100% repaid

Entrepreneur

Name

Osman Bashiru

Member since

September 2018

On-time repayments

167 installments  •  99%

About Me

I am Usman Baahiru, I am 57 years old. I leave in Kumasi Asawase. I am married with five kids I own a corn mill which use in processing corn and selling in the market.

My Business

As I said earlier, I'm in to buying and processing of corn for resell in the consumer market. I own the corn processing machine. I therefore buy corn from the villages bring it to process and resell.

Loan Proposal

I am going to buy specific foodstuff like maize, millet etc and process them into flour. After which I Will distribute the process flour to my customers who will then resell to restaurants and final consumers.
Price of 150kg of maize is Ghs200. I make a profit of Ghs 40 out of every 150kg of maize sold. Within a week I am able to make around Ghs200 as a profit. when I am able to have enough lawn, I will be able to increase my stock level. This will help me increase my revenue for the week and therefore an increase in my profit as well. There is a grate potential for growth in my line of business and therefore if I have enough capital the sky will be my limit.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$10.45

Date disbursed

Sep 17, 2018

Repayment status

On Time

Projected term

1 week

Cost to entrepreneur

Service fee: $0.25

Credit risk payment: $0.89

Lenders

A

Anonymous

United States

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