Name
Mike
Member since
September 2016
On-time repayments
232 installments • 50%
My name is Mike Boateng from Techiman. Married with 3 boys. Self employed and other Union and Association works as well on the side. I live with my family in Techiman and also travel to Accra, Kumasi and other places to sell and to buy items as well.
Previously I was in water supply business, which was working for me, I thought, and then my pump started to give problems. I decided to leave that business for a new one introduced to me by a friend. I gave my premises out for rent and I used this rent money as my startup capital for this new business.
I'll use the loan amount to purchase pvc pipes for newly connection of water to individual homes and at the end of every month I send them bills for payment.
When I buy electrical power for the production of water, I almost get more than double as my profit. PVC pipe cost $5.00 per one.
Positive
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Neutral
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Negative
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Project Type
Classic Loan
Disbursed amount
$10.00
Date disbursed
Sep 24, 2016
Repayment status
On Time
Projected term
6 weeks
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