48 weekly installments • 88%
I had my Junior high school at shiloh International at Ampabame suburb of Kumasi in Ashanti region, from there I went to Effiduase senior high school,even though I was a brilliant student, I did not get support to reach my dreams in education as I planned to. But I know all is not over for me because I hope to go back to the classroom to continue my education. It by support of people who see the good in me that I am surviving now. I started working on commission basis with some natural health clinic in which I have manage to get myself a mobile money sim card that I am working operating now to gather money to help me to go back to school
sales of Provisions in a container shop around my house.
we live in a new developing site where people in the surroundings move far to buy provisions for their consumption, hence I the decision to sell these items.
It cost me about USD 600 to add a new items to my stock and I expect to get a revenue of USD 650.
I use the profit to reinvest and pay my bills.
My room rent advance is expiring in the next month and I am in need of this loan to enable me to renew my rent for the next three year.
This is where I sleep after close of work everyday and the location of the room is closer to my shop. This help me not to pay transportation daily and I save this money for other household support.
If I am not able to renew this rent, it will be a big blow to my business and my life as well.
Because I have giving birth to a new born baby of which I can not be moving up and down from a far place with him and work at the same time.
Risk has been factored before taking this loan, because the risk of not taking this loan will be much hurt or can led to the collapse of my business to taking it and paying on weekly basis.
My closeness to the shop help me to open the shop very early and close late to serve my customers and again on emergency cases at times.
Jun 9, 2021
Cost to entrepreneur
Service fee: 5% of $1,685.48 = $79.24
Credit risk payment: $317.44