Restocking my charcoal

Abena Adutwumwaah

Kumasi, Ghana

100% repaid

Entrepreneur

Name

Abena Adutwumwaah

Location

Kumasi, Ghana

On-time repayments

35 weekly installments  •  46%

About Me

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.

My Business

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

Loan Proposal

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.

Income Source

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.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$196.94

Date disbursed

Nov 22, 2020

Repayment status

On Time

Projected term

5 months

Cost to entrepreneur

Service fee: 10% of $196.94 = $18.81

Credit risk payment: $11.15

Optional expediting fee: $18.81

Lenders

HE

help each other

Glasgow, United Kingdom

Cloudways

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mtnsailor

Harrisonburg, United States

ads68

Melbourne, Australia

Bobrm2k3

Charleston, United States

G

gradient

KFAR SABA, Israel

mikeice

Kohler, United States

Scotts5320

New York, United States

G

giova

Padova, Italy

Per Dahl

Norrköping, Sweden

Dave Bogard

New York, United States

Craig

Memphis, TN, United States

YM

Yelka Mikolji

United States

MR

Michiel Rauws

San Francisco, Netherlands

F

Frits

Rotterdam, Netherlands

AH

ajay hampapur

United States

Hans Moor

Vorden, Netherlands

Emily

San Francisco, United States

CA

Carles Alcolea

Barcelona, Spain

Jan V

Port Dalhousie, Canada

RF

Ruth FT

Manchester, United Kingdom

BN

Brian Neilon

United States

Carrie

Arlington, MA, United States

M

Mark

United States

AM

Andy Marston

United Kingdom

MW

Matt Wade

Switzerland

Jeanette

Fort Worth, Texas, United States

World Centric

Sonoma County, California, United States

Andrew

United States

Christine

Munich, Germany

E

Emmanuel

United States

JI

James Innes

United Kingdom

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