Raw materials for my plantain chips business

Dorcas

Sunyani, Ghana

100% repaid

Entrepreneur

Name

Dorcas

Member since

March 2016

On-time repayments

182 installments  •  75%

About Me

My name is Dorcas Afrane. I was born on July 31st, 1977 in Takoradi in the western region of Ghana. I was born into a family of 10 including my parents. I started school when I was 6 years old, but my education was not that smooth because my health was a challenge. As a result of the large family size, I opted for vocational school after completing my basic education.

In 1996, I had a chance to visit my uncle in Nigeria. That short visit turned into almost a decade and half. It was in Nigeria that I dreamt of starting a pastry business, and I started making plantain chips in Nigeria. I returned to Ghana after 14 years in Nigeria.

My Business

Upon my return from Nigeria, I researched to find a good business idea. One thing led to the other, and I determined that a business making plantain chips could flourish here.

So far business has been good. My only challenge is that I need money to expand the business to meet higher demand from my clients.

This a summary of my current weekly expenditures:
- Cooking oil: $28.00
- LPG (gas): $30.00
- Plantains: $90.00
- Polythene (packaging): $13.00
- Transportation: $13.00
-- Total: $180.00, of which I am able to earn $52.00 in a week as profit.

Loan Proposal

I wish to apply for a loan of $700.00 to help me expand my business to meet the needs of my clients. With this loan I will be able to produce 4 times my current capacity and I will be earning $250.00 per week. By so doing I will be able to employ an additional hand to help me in this business. That will also lead to a reduction in the huge unemployment rate we have in Ghana.

Show original English  

About Me

My name is Dorcas Afrane. I was born on 31st July 1977 in Takoradi in the western region of Ghana. I was born into a family of 10 including my parents. I started schooling at 6 years. My schooling was not that smooth because my health was a challenge. And as a result of the large family size, I opted for vocational school after completing my basic education.

In 1996, I had a chance to visit my uncle in Nigeria. The short visit was extended to almost a decade and half. It was in Nigeria that, I dreamt of the business of pastries. I started making plantain chips in Nigeria for a while. I returned to Ghana after 14 years in Nigeria.

My Business

Upon my return from Nigeria, I did survey around for some business to do. One thing led to the other and I realize that my business of making plantain chips will flourish here. My main business is making plantain chips. So far it has been good. My only challenge is the money to expand the business to meet the needs of my clients. This a summary of my weekly expenditure on my business: cooking oil - $28.00, LPG - $30.00, Plantain - $90.00, Polythene – $13.00, Transportation – $13.00 Totalling to $180.00, I am able to get $52.00 in a week as profit.

Loan Proposal

I wish to apply for a loan of $700.00 to help me expand my business to meet the needs of my clients. With this loan I will be able to produce 4 times my current capacity and I will be earning $250.00 per week. By so doing I will be able to employ an additional hand to help me in this business. That will also lead to a reduction in the huge unemployment rate we have in Ghana.

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Loan Info

Project Type

Classic Loan

Disbursed amount

$250.00

Date disbursed

Apr 5, 2016

Repayment status

On Time

Projected term

7 months

Lenders

The Zinc Team

San Francisco, United States

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