Rent of shop and purchase of refrigerator for yoghurt sales

Michael

Ho, Ghana

100% repaid

Entrepreneur

Name

Michael

Member since

April 2015

On-time repayments

255 installments  •  40%

About Me

I was born on 17th June,1976 and today happen to be my birthday as l write about myself.l started life in my hometown with my parents and other siblings.I had my basic education from kindergaten ,went to primary then wrote common entrance to gain admission into secondary school for five years.After secondary school,l went to Teacher Training College taught for five years and furthered to University to have my first degree.l had a problem with my salary after university and how to make ends meet was a challenge.I had to do work in order to raise money to solve domestic problem.l came to start my own business when l saw the need to get some extra money to support my family.One unique thing about land is that,the place is fertile and good for agriculture.My children hope to be prominent persons to empower the needy.I take delight in reading and helping to carry out humanitarian services.

My Business

Am into distribution of and sale of holland yoghurt products to the general public.The products are beneficial to people because of health benefits of the product and energy derived .I chose this business because the products are in demand as it helps people to be healthy. l also want to buy products (yoghurt?to freeze the yoghurt and stock to distribute the products and market them.The cost of the products,rand revenue is as follow:
Total =$400
I will re-invest the profits to expand the business.

Loan Proposal

I intend to use part of the loan to rent a shop and also purchase a refrigerator.This will enable me stock the refrigerator with Holland yogurt .This will also assist me to go into more sales of the yoghurt.,expanding my business to support my family.

Feedback

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1

  • TP    Nov 29, 2022

    35% repaid
    No repayment in past 11 months
    No update in more than 12 months

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Loan Info

Project Type

Classic Loan

Disbursed amount

$216.00

Date disbursed

Feb 15, 2020

Repayment status

On Time

Projected term

4 months

Lenders

Ren

Minneapolis/StPaul, United States

Paul Buchheit

Mountain View, United States

JR

Jose Ramirez

World, Spain

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