Hardware store

Rachel Naki Morklah

Accra, Ghana

100% repaid

Entrepreneur

Name

Rachel Naki Morklah

Member since

March 2017

On-time repayments

184 installments  •  67%

About Me

l attended school at Prestea Goldfield International School in the western Region. l would go to farm in the morning before school. We planted groundnut in lines so I had to weed four lines before leaving for school. l sold dross used by the white ladies since l see it to be new and imported from abroad.

l realized I needed to set up a business so that if I am sacked from my employment, l will not be idle and have to begin to beg for food. My residence site was also a factor in the business l chose. The land is full of stones so without anything you have to crack stones. My dream is to build my business and know how to fish as life goes on, and to be set up for myself rather than working for other people. l love to sing, especially when am working.

My Business

I deal in hardware products: shovels, plywood, head pans to carry mixed cement. These days, a lot of people are building, so l realize the things people will use and they will buy more. The main expenses are on transportation of the products. The revenue, after l deduct all the costs l incurred on the products, is put back in the work of my business.

Loan Proposal

I am most grateful to my dear lender who funded my previous loan.And thank God for a successful repayment.I went into the sales of roofing sheet and all types of roofing nails with my previous loan.As result of the higher demand my stock was always down which was a disappointment to my client.With this loan l would like to increase my stock in order to avoid shortages.Apart from shortages of stock the cost of transportation was high since l always have to go to my supplier.This loan will help me increase my stock .

Show original English  

About Me

Introduce yourself to lenders.l attended school at Prestea Goldfield international school in the western Region where l go to farm in the morning before .we plant groundnut in lines so u have to weed four lines before leaving for school.l sold used dross by the white ladies since l see it to be new and imported from abroad.l realized to set a business so that when a sacked from my employement l will not be idle and begin to beg for food and my residence site was also a factor the business l chose .the land is full of stones so without any thing you crack stones.To build my business and know how to fish as life goes on and set up for them selves rather than working g for people.l love to sing especially when am working.

My Business

Hello to our good and innovative lenders thank you all for your support for funding my previous loan. The opportunity has come again for me to expand my business with the new loan that l will receive. The new site we located to was the source of my business identification. Most people are into building this days, l therefore saw the demand for hard ware that simple building materials like nails, builders square, paint and brushes, headpans,roofing nails,roofing sheet, plywood, all types of wood for roofing,flowing will be high..l chose the business because of the area and the high demand for those items. Where l spend much is on transportation since the area is new with rough roads and l gain more when they buy my nails in pounds rather than in boxes. I plough back the profit into the business as l use some to repay my loan on time and supporting the family when the needs arise. I hope my loan will be hundred percent funded. Thank you and counting on your usual cooperation.

Loan Proposal

I am most grateful to my dear lender who funded my previous loan.And thank God for a successful repayment.I went into the sales of roofing sheet and all types of roofing nails with my previous loan.As result of the higher demand my stock was always down which was a disappointment to my client.With this loan l would like to increase my stock in order to avoid shortages.Apart from shortages of stock the cost of transportation was high since l always have to go to my supplier.This loan will help me increase my stock .

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$764.20

Date disbursed

Nov 19, 2018

Repayment status

On Time

Projected term

4 months

Cost to entrepreneur

Service fee: $23.30

Credit risk payment: $116.73

Lenders

BM

Benedicte Monroe

Sarasota// Phnom Penh, United States

U

uovobw

Reggio Emilia, Italy

S

SelvaMarcus

Green Cove Springs, United States

W

WinWinNL

The Hague, Netherlands

johnhudson

Washington, DC, United States

M

MrsSim

London, United Kingdom

AT

avni trivedi

United Kingdom

A

Adam

United Kingdom

GY

Gonul Yalcin

United States

GW

Gregory Wilkie

Halifax, Nova Scotia, Canada

Stephan W

Witten, Germany

Mary

Germany

Sinan Taifour

Munich, Germany, Germany

KJ

Kevin J Baird

Cleveland, OH, United States

Richard Benyon

United States

MM

MB McKenna

United States

Paul Buchheit

Mountain View, United States

NS

Natalie Stone

United States

H

Haley

United States

J

Johanna

Zürich, Austria

L

lysander

Australia

A

Alex

United States

LM

Lee Montecucco

Washington State, United States

AD

Arthur Dent

United States

E

EJOBIV

United States

MB

MW Brown

United Kingdom

AA

Andrew and Kim

Nashville, TN, United States

Richard Paulin

Melbourne, Australia

KB

Karl Bitz

United States

Remo

Switzerland

P

Peter

Germany

AC

Adri C

United States

FD

Florin Draghici

United Kingdom

DO

Denis Ontiveros

Guildford, United Kingdom

DB

Darren Boyd

United States

KC

Karen Case

United States

M

MFarrell2008

United States

AE

Asher Enciso

United States

Mark Wilco

Columbus, OH, United States

EA

Eric Ayers

Atlanta, United States

A

Ana

Australia

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