Stock for my shop

Nana

Tema, Ghana

100% repaid

Entrepreneur

Name

Nana

Member since

September 2016

On-time repayments

65 installments  •  52%

About Me

I come from a very small family of five(5). my self, parents and 2 other siblings. growing up in Tema community 5 hasn't been that easy for me since my parents separated when i was only 10 years old.
my mum had to struggle and put us through school by engaging in several micro businesses such as selling of frozen meat, water,roasted plantain etc. she managed to put us through school until the tertiary level where my fate was left in my hands.

During my days in school i engaged in so many businesses like supply of sachet water to hostels, doing laundry services and also helping with assignment and research work for colleagues at a fee. Through this i was able to save money to augment what my mother will give me for my tuition and up-keep.

when i graduated from the university i was privileged to work with a financial institution until the banking clean-up in year 2018 where unfortunately the institution i worked with was affected and employees lost their jobs. This necessitated me to start this business to feed myself and family.

I have a 3 year old son who is in creche right now. he is always elated when he sees a soldier on the television so i'am guessing he will like to serve his country by becoming a military officer when he is older.

With the kind of business i am doing right now i hardly have a spare time on my hand but ones a while i do play soccer as a form of exercise.

My Business

I started this business in the second quarter of the year 2019. it all started on a table top in front of my house where i sold only tissue paper and some powdered soap.six months down the line i managed to acquire a store with help of friends and some family members.

I basically sell a little of everything ranging from Detergents,Antiseptics,Tissue papers,toiletries etc.

The reason behind the choice of such goods is because i want to be a one stop shop for any customer who visits my business in the area.

Business is pretty good so far. Profits from the business is split into two halves with one half servicing household and other miscellaneous expenditures and the other half being plough back into the business.

Loan Proposal

This loan will be use to support working capital to replenish stock of goods. Since my stock keeps on depleting each and every day.

Income Source

The goods I sell are essential to all households so my business hasn't been affected by this corona Virus pandemic. Business is operating as usual

Feedback

1

None

None

  • Mark Weir    Aug 12, 2020

    Nana,thank you for your on time repayment and glad your business is going well. Happy to support you again in the. Future. Mark

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Loan Info

Project Type

Classic Loan

Disbursed amount

$32.00

Date disbursed

Jul 17, 2020

Repayment status

On Time

Projected term

1 week

Lenders

PaulE

Cockeysville, MD, United States

dlpringle

Denver, United States

A

Andy

United States

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  • Nana    Feb 17, 2022

    Sale is slow at the moment but I'm hoping that it will pick up soon

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  • Nana    Jan 25, 2022

    Ill health so I'm going through treatment at the hospital

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  • Nana    Dec 1, 2021

    I'm a bit indisposed so I don't always open my shop to sell

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  • Nana    Dec 1, 2021

    Low sales

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  • Richard    Sep 27, 2021

    He said he is awaiting new stock and will start soon.

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  • Nana    Sep 11, 2021

    Low on stocks so sales have been affected. Yet to receive new stock

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  • Richard    Aug 18, 2021

    He admitted he has not been consistent but stated business is slow but will make payment before the week ends.

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  • Nana    Jul 25, 2021

    I've been I'll for sometime now

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  • Alfred    Jul 15, 2021

    Dear Lenders,
    Nana promise to make repayment soon

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  • Nana    Jun 6, 2021

    Goods held up In transit

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  • Alfred    Jun 1, 2021

    Nana made his last repayment on May 27th 2021 and promise to have the rest done

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  • Nana    May 20, 2021

    Slow sales due to COVID-19

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  • Nana    Dec 31, 2020

    Goods are yet to be received

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  • Nana    Nov 25, 2020

    Goods have been stack in transit which has made sale reduced

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  • Nana    Oct 21, 2020

    Old stocks have depleted and so I'm yet to receive the new stock I ordered

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  • Nana    Sep 24, 2020

    Order of goods have been placed and its yet to be delivered. Hence low patronage

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  • Nana    Sep 16, 2020

    Thank you all for the support.

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  • Nana    Sep 15, 2020

    Thank you all for the assistance.

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  • Nana    Sep 1, 2020

    Thank you very much for the assistance given me so far. My business is gradually growing by the day and able to provide for myself and family. I'm looking forward to more assistance as we move forward.

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  • Nana    Jul 31, 2020

    Thank you for the assistance.

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