Replacement of vehicle tires

Theophilus

Kumasi, Ghana

9% repaid

Entrepreneur

Name

Theophilus

Member since

April 2017

On-time repayments

37 installments  •  65%

About Me

My name is Theophilus Asante Akosah,i am the last born of my parents and the fourth of my siblings.We all lived together as one family,Both my siblings and i attended the same school until my parents were transfer ed to the eastern region of Ghana where my elder brother and my sister who is after him were left behind in the Ashant i region to continue their education.
In the eastern region life was palatable for us so we use to sell mangoes and other stuff before we could pay some of our school debt in order to assist our parents.
But now i run a transpor t service and i got involve d when i worked as a supervise r for a miner with whom i was able to gather some funds to acquire the vehicle i am now operating
My area is full of peace, loving and kind people,i have two babies and i love watching football.

My Business

A transpor t operation is the services i render to people ,Icarry people and items from one distanc e to another. the service is importan t because in our part of the world many people don't have cars,so we carry them and their goods when the need arises.
Transport business a kind of business i have expressed interest in since i was a little boy,I love it and have passion for it.It cost me about 25000 cedis to acquire a used vehicle.I make 100 ghs on a good day.
Profit made used for the maintenanc e of the the transpor t, some to keep the home and also save part of it..

Loan Proposal

I need this loan because i need to replace my vehicle tires
Because it's been used for sometime now and it's weak.I need to replace it to make the vehicle effective to be run
So i will buy four tires and a spare in case one gets damaged then i use the spare
The loan will help me get my vehicle on the road again to make money and to carry people and goods to and fro.
thanks in advance for the loan

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$264.60

Date disbursed

Mar 4, 2019

Repayment status

Late

Projected term

2 months

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