Entrepreneur
Name
Rebecca
Member since
April 2016
On-time repayments
62 installments • 85%
About Me
My name is Rebecca Owusuaa and i am a Ghanaian. i am a young lady with zeal to make life better for myself the best way i can through the right way. i am hailing from one of the deprived districts in Ghana. After high school, i lost my dad who was taking me through school and in view of that i had to forget about anything with the name further education.
i then took my part of the estates my father left me and started this small shop of selling provisions as in biscuits soft drinks and sachet water in my locality in my area, my mates ridiculed me for such decision but i knew i made the best of decisions given my situation as of that time.
We have a very rich culture in my locality where we have national parks and water falls so we often have tourist coming around both local and foreigners. i am really determined to grow my business but due to the lack of collateral, banks will not extend to me loans to expand my business. It was a relieve when i was told all about Zidisha.
So at least now my dreams of growing my shop to be one of the best in my locally have some life now for i believe that i will receive some help so that i can keep going forward despite been leveled against the odds
My Business
i operate a mini super market but it is really on a very small scale as it stands now with very limited stock. i sell the variety of biscuits, soft drinks like the coca cola and then milk powder in sachets and sachet water too.
In-terms of the demand condition, they are very much in demand since people have to walk a very long distances to go and get most of these things if they do not get one from my shop. So the problem is having to do with me since i mostly cannot satisfy the need due to inadequate capital.
i make at least 30% profit on all the capital that i have ever invested into this business and as i want to grow, i always put back my profits into the business with the hope that it will help me grow my business but this option have not been enough
Loan Proposal
i will be using the entire amount to go for inventory and get goods into my shop. i will use $100 to purchase ten bags of sachet water, $60 for biscuits, $70 for three boxes of Nescafe, $155 for washing soap and the last $200 to purchase the soft drinks, five crates of coca cola, and two crates of malt for sale to myself, it will increase my profit margin and also instill confidence in my shop that when customers come to my shop, they can have all that they are looking for
and to my community, it will save them the stress of having to walk long distances to buy such goods for consumption including drinking water.
With this new inventory and capital injected, i expect my profit to increase to about 40% and this as carefully calculated will enable me to repay back my loan in full and on time as per scheduled
Feedback
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Neutral
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Negative
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Loan Info
Project Type
Classic Loan
Disbursed amount
$486.00
Date disbursed
Oct 22, 2016
Repayment status
Late
Projected term
423 months
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Summary
Amount repaid
$28.81
Amount remaining
$457.29
Expected completion
Jul 24, 2017
Status
Repaying late
Installment amount
$54.01
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Oct 31, 2016 | $5.14 | Oct 29, 2016 | $5.14 |
| Nov 7, 2016 | $0.77 | Nov 8, 2016 | $0.77 |
| Nov 14, 2016 | $0.77 | Nov 8, 2016 | $0.77 |
| Nov 21, 2016 | $0.77 | Nov 8, 2016 | $0.77 |
| Nov 28, 2016 | $0.77 | Nov 8, 2016 | $0.77 |
| Dec 5, 2016 | $0.77 | Nov 8, 2016 | $0.77 |
| Dec 12, 2016 | $0.77 | Nov 8, 2016 | $0.77 |
| Dec 19, 2016 | $0.77 | Nov 8, 2016 | $0.77 |
| Dec 26, 2016 | $0.77 | Nov 8, 2016 | $0.77 |
| Jan 2, 2017 | $0.77 | Nov 8, 2016 | $0.77 |
| Jan 9, 2017 | $0.77 | Nov 8, 2016 | $0.77 |
| Jan 16, 2017 | $0.77 | Jan 15, 2017 | $0.77 |
| Jan 23, 2017 | $0.77 | Jan 15, 2017 | $0.77 |
| Jan 30, 2017 | $0.77 | Jan 15, 2017 | $0.77 |
| Feb 6, 2017 | $0.77 | Jan 15, 2017 | $0.77 |
| Feb 13, 2017 | $0.77 | Jan 15, 2017 | $0.77 |
| Feb 20, 2017 | $0.77 | Jan 15, 2017 | $0.77 |
| Feb 27, 2017 | $0.77 | Feb 28, 2017 | $0.77 |
| Mar 6, 2017 | $0.77 | Feb 28, 2017 | $0.77 |
| Mar 13, 2017 | $0.77 | Feb 28, 2017 | $0.77 |
| Mar 20, 2017 | $0.77 | Feb 28, 2017 | $0.77 |
| Mar 27, 2017 | $0.77 | Feb 28, 2017 | $0.77 |
| Apr 3, 2017 | $0.77 | Apr 4, 2017 | $0.77 |
| Apr 10, 2017 | $0.77 | Apr 4, 2017 | $0.77 |
| Apr 17, 2017 | $0.77 | Apr 4, 2017 | $0.77 |
| Apr 24, 2017 | $0.77 | Apr 4, 2017 | $0.77 |
| May 1, 2017 | $0.77 | Apr 4, 2017 | $0.77 |
| May 8, 2017 | $0.77 | Apr 4, 2017 | $0.77 |
| May 15, 2017 | $0.77 | Apr 4, 2017 | $0.77 |
| May 22, 2017 | $0.26 | May 24, 2017 | $0.26 |
| May 29, 2017 | $54.01 | May 24, 2017 | $1.03 |
| Jun 5, 2017 | $54.01 | ||
| Jun 12, 2017 | $54.01 | ||
| Jun 19, 2017 | $54.01 | ||
| Jun 26, 2017 | $54.01 | ||
| Jul 3, 2017 | $54.01 | ||
| Jul 10, 2017 | $54.01 | ||
| Jul 17, 2017 | $54.01 | ||
| Jul 24, 2017 | $27.01 | ||
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