Entrepreneur
Name
Eric
Member since
May 2015
On-time repayments
94 installments • 19%
About Me
I am a twin,my sister is name Erica,was huge,fat and bigger than her from childhood.Because we are twins am always defensive about women may be because i came with a woman.I atteded kindergarten through a private preparatory school at Accra Nwe town(Quartey Memorial school through middle school passed to the secondary school to the tertiary level was highly involed in sporting activities in my school days,like reading and research.After secondary school Daddy was out of Job,couldn,t help me on so i had to work part time to finance my education to become a computer hardware Enginner in 1997 to 2000 to earn a living.That was an important goal to achieve in my life.i realise that working for someone all your life was not the best option so i started my own business with writing a business proposals to do signages seven different companies living in the same building,thankfully it was accepted,i did the work successfully ,got paid out of which i rented a shop and begin doing my own till today.the uniqueness about the culture were i live is that you can easily relate or connect to people without any difficulty.You can connect to other families to learn good trait and also adapt the good things they have inculcated or built over the years.My first child want to be a Physician by profession,the younger one Paul is just one year old so cannot decide for himself now but he likes kicking the ball so i guess He might be a big star for Chealsea or FC Bacelona in the future or Preacher of the gospel like the Apostle Paul.The unique hobby i have is spending a lot of time reading more about history,watching documentaries on world leaders and achievers,their failures and success,the people they associated ,their mentors and how they overcame etc.
My Business
I retail rice,cooking oil,tomatoe paste,gari,shito toothpaste ,spargetti and lots of other consumable products.The kind of goods i deal in are useful and in high demand because these are daily consumable items that people need almost everyday.
I choose this kind of business because i make money and I can easily grow the business in short or medium term without much stress since there is a high demand for the products.My expenses with respect to the business includes the cost of the stock,transportation ,rent and also pay the sales boy.the profit is spent on feeding the family,pay school fees and reinvested into growing the business.
Loan Proposal
cost Sales
Rice ;5kg x 12 x $5.5 = $66.00 Rice : 5kg x 12 x $6.75=$81.00
Maize;20tins x $ 0.75= $ 15.00 Maize 20tins x$1.00 =$20.00
Frytol Oil : 1 l x 25 x $1.25 = $31.25 Frytol 1l x 25 x $ 1.50 =$37.50
Total = $112.25 =$138.50
Gross Profit =$ 26.25
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Loan Info
Project Type
Classic Loan
Disbursed amount
$100.00
Date disbursed
Jun 4, 2015
Repayment status
On Time
Projected term
3 months
Other loans
Lenders
Newport, United States
Taiwan
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