Rejuvenate my provisions shop

Dominic Abanti

Kumasi, Ghana

Funds disbursed

$0 to go

100% funded of $80 goal

0

days left

Entrepreneur

Name

Dominic Abanti

Member since

November 2017

On-time repayments

24 installments  •  42%

About Me

My childhood was a challenging because I was born in family with 8 other siblings from two different mothers. I overcame all the hardship by continuously motivating myself intrisically that one day everything is going to work. My country and land is unquie because of the rich culture and our hospitable nature. My children want to be literates in future. Finally my unique hobby is playing table tennis.

My Business

I am a provision shop operator who primarily focuses on canned food items, sweetened drinks, bottled water and other groceris. I primarily choose this trade because I earn just enough to take of my family. I often spend abot GHc 1000.00p every week in purchasing new items and realise an income of GHc 250 respectively. The income or profit generated is used for paying my children school fees, taking care of my family and reinvesting in the provision shop business for its continuous sustainability.

Loan Proposal

I will buy new items with about 178 dollars to revamp my shop with regards to all the items I sell. This will help rejuvinate, sustain and expand my business as well as increase my profit margins. It will also help me serve my customers better than before. Finally I expect to increase my profit margins from 78dollars to 85 dollars a week.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$80.47

Date disbursed

Mar 24, 2018

Repayment status

Late

Projected term

2 months

Cost to entrepreneur

Service fee: $2.15

Credit risk payment: $4.43

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