Refinancing and expanding my business

Eunice Sam

Accra, Ghana

100% repaid

Entrepreneur

Name

Eunice Sam

Member since

March 2021

On-time repayments

51 installments  •  31%

About Me

Hello I'm Eunice an entrepreneur and i'm currently running about 3 business and they are clothing, Cosmetics and Food. Because of the level of unemployment rate in the country, I started with my business right after my University education because i didn't want to join the unemployment association after school and so i got my self employed and and God being so good i got support from family and friends to raise some start up capital to start the business and I have been able to support my family and friends with the income i make by helping them to pay school fees and for their upkeep. But Since the covid19 started, it has affected the business negatively and i will need financial assistance to refinance and the expan it as well. Im planning to venture into agribusiness by farming vegetables. So i will need your financial support to make this dream come to pass.

My Business

I have a clothing business which i sell kids fashion, Men's fashion, and ladies fashion, Cosmetics, perfumes and more. I recently added cooked food which is mainly snacks and im looking forward to expand the business to a big shopping center where customers can get variety of stuffs to buy when they enter.

Loan Proposal

I would be using the loan to refinance my clothing business and cosmetics by buying more stocks which i will be able to sell in wholesale and use some to start the vegetable farming.

Income Source

I will be able paying the loan from personal savings because I've done an investment which gives me another source of income so together with the income i earned from the business i will be able to pay and incase there may be some challenges my family are going to help me to pay so there's no cause to worry about repayment

My Videos

May 31, 2021: Video of myself in my work location

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$12.67

Date disbursed

Mar 4, 2021

Repayment status

On Time

Projected term

3 weeks

Cost to entrepreneur

Service fee: $0.38

Credit risk payment: $1.27

Lenders

Paul Buchheit

Mountain View, United States

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