Mike
Techiman, Ghana
100% repaid
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.
Previously people come to my place to connect water to their private homes and due to the cost involved, they go and never return except for a few.
I want to make extensions to many areas where the water can be accessible with less cost to the subscribers. With this I'm going to buy more pvc pipes for that extension so that I'll get more subscribers and more money will come in as profit.
Positive
None
Neutral
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Negative
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Project Type
Classic Loan
Disbursed amount
$223.00
Date disbursed
Jun 12, 2017
Repayment status
On Time
Projected term
26 months
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