Dorcas
Sunyani, Ghana
100% repaid
Name
Dorcas
Member since
March 2016
On-time repayments
182 installments • 75%
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.
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.
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.
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.
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.
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.
Positive
1
Neutral
None
Negative
None
Project Type
Classic Loan
Disbursed amount
$250.00
Date disbursed
Apr 5, 2016
Repayment status
On Time
Projected term
7 months
Ask Dorcas a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.
Amount repaid
$262.68
Amount remaining
$0.00
Date repaid
Nov 13, 2016
Status
Fully repaid
Expected Payments | Actual Payments | ||
---|---|---|---|
Apr 17, 2016 | $15.95 | Apr 17, 2016 | $15.95 |
Apr 24, 2016 | $7.98 | Apr 24, 2016 | $7.98 |
May 1, 2016 | $7.98 | May 1, 2016 | $7.98 |
May 8, 2016 | $7.98 | May 8, 2016 | $7.98 |
May 15, 2016 | $7.98 | May 15, 2016 | $7.98 |
May 22, 2016 | $7.98 | May 22, 2016 | $7.98 |
May 29, 2016 | $7.98 | May 29, 2016 | $7.98 |
Jun 5, 2016 | $7.98 | Jun 5, 2016 | $7.98 |
Jun 12, 2016 | $7.98 | Jun 12, 2016 | $7.98 |
Jun 19, 2016 | $7.98 | Jun 19, 2016 | $7.98 |
Jun 26, 2016 | $7.98 | Jun 26, 2016 | $7.98 |
Jul 3, 2016 | $7.98 | Jul 3, 2016 | $7.98 |
Jul 10, 2016 | $7.98 | Jul 10, 2016 | $7.98 |
Jul 17, 2016 | $7.98 | Jul 17, 2016 | $7.98 |
Jul 24, 2016 | $7.98 | Jul 24, 2016 | $7.98 |
Jul 31, 2016 | $7.98 | Jul 31, 2016 | $7.98 |
Aug 7, 2016 | $7.98 | Aug 7, 2016 | $7.98 |
Aug 14, 2016 | $7.98 | Aug 14, 2016 | $7.98 |
Aug 21, 2016 | $7.98 | Aug 21, 2016 | $7.98 |
Aug 28, 2016 | $7.98 | Aug 28, 2016 | $7.98 |
Sep 4, 2016 | $7.98 | Sep 4, 2016 | $7.98 |
Sep 11, 2016 | $7.98 | Sep 11, 2016 | $7.98 |
Sep 18, 2016 | $7.98 | Sep 18, 2016 | $7.98 |
Sep 25, 2016 | $7.98 | Sep 25, 2016 | $7.98 |
Oct 2, 2016 | $7.98 | Oct 2, 2016 | $7.98 |
Oct 9, 2016 | $7.98 | Oct 9, 2016 | $7.98 |
Oct 16, 2016 | $7.98 | Oct 17, 2016 | $7.98 |
Oct 23, 2016 | $7.98 | Oct 24, 2016 | $7.98 |
Oct 30, 2016 | $7.98 | Oct 31, 2016 | $7.98 |
Nov 6, 2016 | $7.98 | Nov 7, 2016 | $7.98 |
Nov 13, 2016 | $7.98 | Nov 13, 2016 | $7.98 |
Nov 20, 2016 | $7.44 | Nov 13, 2016 | $7.44 |
Vicki Stewart Apr 16, 2018
Dorcas Jun 6, 2018
Loading...