Entrepreneur
Name
Rachel
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 .
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
Positive
2
Neutral
None
Negative
None
Loan Info
Project Type
Classic Loan
Disbursed amount
$764.00
Date disbursed
Nov 19, 2018
Repayment status
On Time
Projected term
4 months
Other loans
Lenders
Sarasota// Phnom Penh, United States
Green Cove Springs, United States
United Kingdom
Cleveland, OH, United States
United States
United States
United States
Germany
Nashville, TN, United States
Portugal
Sweden
United States
United States
United Kingdom
Ireland
Atlanta, United States
United States
Ask Rachel a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.
Summary
Amount repaid
$764.20
Amount remaining
$0.00
Date repaid
Mar 6, 2019
Status
Fully repaid
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Dec 1, 2018 | $35.20 | Dec 1, 2018 | $35.20 |
| Dec 8, 2018 | $35.20 | Dec 8, 2018 | $35.20 |
| Dec 15, 2018 | $35.20 | Dec 17, 2018 | $35.20 |
| Dec 22, 2018 | $35.20 | Dec 23, 2018 | $35.20 |
| Dec 29, 2018 | $35.20 | Jan 13, 2019 | $35.20 |
| Jan 5, 2019 | $35.20 | Jan 13, 2019 | $35.20 |
| Jan 12, 2019 | $35.20 | Jan 13, 2019 | $35.20 |
| Jan 19, 2019 | $35.20 | Jan 27, 2019 | $35.20 |
| Jan 26, 2019 | $35.20 | Jan 27, 2019 | $35.20 |
| Feb 2, 2019 | $41.41 | Feb 17, 2019 | $41.41 |
| Feb 9, 2019 | $41.41 | Feb 17, 2019 | $41.41 |
| Feb 16, 2019 | $41.41 | Feb 17, 2019 | $41.41 |
| Feb 23, 2019 | $41.41 | Mar 2, 2019 | $41.41 |
| Mar 2, 2019 | $41.41 | Mar 2, 2019 | $41.41 |
| Mar 9, 2019 | $41.41 | Mar 2, 2019 | $20.70 |
| Mar 6, 2019 | $20.70 | ||
| Mar 16, 2019 | $41.41 | Mar 6, 2019 | $41.41 |
| Mar 23, 2019 | $41.41 | Mar 6, 2019 | $41.41 |
| Mar 30, 2019 | $41.41 | Mar 6, 2019 | $41.41 |
| Apr 6, 2019 | $41.41 | Mar 6, 2019 | $41.41 |
| Apr 13, 2019 | $33.33 | Mar 6, 2019 | $33.33 |
Eric West Jul 15, 2019
Rachel Jul 16, 2019
Rachel Jul 16, 2019
Mary Mar 6, 2019
Rachel Jul 16, 2019
Rachel Jul 16, 2019
Loading...