Entrepreneur
Name
Abena
Member since
November 2020
On-time repayments
36 installments • 44%
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.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$196.00
Date disbursed
Nov 22, 2020
Repayment status
On Time
Projected term
5 months
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Summary
Amount repaid
$196.94
Amount remaining
$0.00
Date repaid
Apr 2, 2021
Status
Fully repaid
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Dec 3, 2020 | $0.00 | ||
| Dec 10, 2020 | $0.35 | Dec 10, 2020 | $0.35 |
| Dec 17, 2020 | $0.35 | Dec 17, 2020 | $0.35 |
| Dec 24, 2020 | $0.35 | Dec 24, 2020 | $0.35 |
| Dec 31, 2020 | $0.00 | ||
| Jan 7, 2021 | $9.93 | Jan 8, 2021 | $9.93 |
| Jan 14, 2021 | $0.00 | ||
| Jan 21, 2021 | $9.93 | Feb 4, 2021 | $9.93 |
| Jan 28, 2021 | $9.93 | Feb 4, 2021 | $9.93 |
| Feb 4, 2021 | $9.93 | Feb 4, 2021 | $9.93 |
| Feb 11, 2021 | $9.93 | Feb 12, 2021 | $9.93 |
| Feb 18, 2021 | $0.00 | ||
| Feb 25, 2021 | $9.75 | Mar 1, 2021 | $9.75 |
| Mar 4, 2021 | $9.75 | Mar 4, 2021 | $9.75 |
| Mar 11, 2021 | $9.75 | Mar 10, 2021 | $9.75 |
| Mar 18, 2021 | $9.75 | Mar 26, 2021 | $9.75 |
| Mar 25, 2021 | $9.75 | Mar 31, 2021 | $9.75 |
| Apr 1, 2021 | $9.75 | Mar 31, 2021 | $9.75 |
| Apr 8, 2021 | $9.75 | Apr 2, 2021 | $9.75 |
| Apr 15, 2021 | $9.75 | Apr 2, 2021 | $9.75 |
| Apr 22, 2021 | $9.75 | Apr 2, 2021 | $9.75 |
| Apr 29, 2021 | $9.75 | Apr 2, 2021 | $9.75 |
| May 6, 2021 | $48.76 | Apr 2, 2021 | $48.76 |
Ray Nov 20, 2020
Abena Nov 21, 2020
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