35 weekly installments • 46%
My name is Abena Adutwumwaah a mother seven children. I grew up from a village called Nobewam in the Ashanti Region. Nobewam is notably known for its farming culture as most occupants depends mainly on farming to survive. Growing up was a tough one because my mother didn't believe in girl child education so we were told to be in the kitchen to cook for our brothers to go to school. I finish primary school and after I decided to learn trading and a vocation in tailoring. I was eager to learn trade so I started this charcoal business where we go to southern part of Ghana to buy charcoal at wholesale and sell to my clients. I have done this charcoal business to cater for all my seven children since my husband died early. I am a widow who is working hard to help my children get a better futter. it is my wish that all their dreams comes into reality. I used to play football at my youthful days and I am a fan of Kumasi Asante Kotoko a football club in Ghana.
I sell charcoal at whole to retailers. I go for these charcoal from the farmers at their desire farms and buy them where I returned the back to kumasi and sell to my clients at wholesale price. Charcoal business is a very good Avenue to invest since many Ghanaian homes prefer to use the traditional source of energy to cook rather than the use of gas since it is very costly and risky. it generates alot of profit and my customers are many since I started dor long
I am requesting for this loan to help me increase my stock in the charcoal. the demand for charcoal is high in my community as it's a basic source of energy for cooking food. I run out of stock mostly since the demand is high. getting this loan would help me increase sales revenue and profit and serve my customers well.
I credit and sell charcoal to my customers that helps me to raise enough profit to settle any debt incurred due to this loan.i will pay this loan before the due time.
Nov 22, 2020
Cost to entrepreneur
Service fee: 10% of $196.94 = $18.81
Credit risk payment: $11.15
Optional expediting fee: $18.81