Sale of domestic fuel (charcoal)

Kwabena

Accra, Ghana

21% repaid

Entrepreneur

Name

Kwabena

Member since

July 2015

On-time repayments

87 installments  •  55%

About Me

My name is Anarfi kwabena kwarko,24 years old intern at the KorleBu teaching hospital.

My Business

My time in the senior high school proved to be quiet influencing and very much productive. I was not from a very affluent home but in my own small way tried my best to support colleagues who were less privileged in the school.

Loan Proposal

Amount to be invested -430cedis($100)

A unit sack of charcoal sepls at 50cedis.($11.6)(Manufacturers price)

Start up purchase 8units equivalent to 400cedis.($93)

A unit sack will be sold at 75cedis ($17.4)(whole sale price)
profit % of 15 on each sale (15cedis) ($3.4)
sale of 8units will amount 120cedis($27 )of profit

Transportation of 40cedis($9.3) on every trip of purchase and a communication cost of 10 cedis ($2.3)
total cost iincurred 50cedis($11.6) (this cost is bared by my self in mutual agreement with my partner )

Profit in addition to 30cedis($6.97) left on initial invested amout =150 cedis ($34.88)
profit - cost incurred = 100cedis($23.25) of actual profit .

35cedis($8.13) of this amount will be used in payment of loan and 50cedis($11.6) will be reinvested into business .
15cedis($3.48) will be saved

This will enable me pay loan intime and help in growing my business.In addition the to this the purchase of domestic fuel in the country is on a rise due to increased prices in LP gas for domestic use and so I see a profitable avenue for investment.

Feedback

None

None

None

Loan Info

Project Type

Classic Loan

Disbursed amount

$1,031.50

Date disbursed

Oct 21, 2016

Repayment status

Late

Projected term

65 months

Lenders

BrassHat

Boston, United States

Zidisha

Sterling, United States

T

ToddK

Indianapolis, IN, USA, United States

Foxjam

St. Paul, United States

SeeMeeFi

Ontario, Canada

Myrar

Aarau, Switzerland

fairspirit

Utrecht, Netherlands

rhagen

New York, United States

S

Smith

Kespu'kwitik, Canada

M

merk85

United States

mepster

San Francisco, Ca, United States

C

cojoakerr

United Kingdom

T

tehmle

United States

Jamal Hamou

Cascadia, Canada

N

Nicolaas

Doha, Qatar

B

beegkitty

United States

Eduardo

Sorocaba, Brazil

ujgih

Germany

B

Bruce

Hong Kong

TM

Theo Mbise

Switzerland

MW

Matt Willis

United States

W

Wade

United States

JC

Jethro Carr

Wellington, New Zealand

KP

Kelly Partyke

United States

Sandi Kaucic

Stow, Ohio, United States

JD

Jeff DePree

United States

Martin Nielsen

Aarhus, Denmark

JG

Jake Gibson and Beverly Picardo

San Francisco, United States

Ask Kwabena a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.

Loading...

Summary

Amount repaid

$221.19

Amount remaining

$840.00

Expected completion

Jun 24, 2018

Status

Repaying late

Installment amount

$2.57

Repayment History

Expected Payments Actual Payments
Oct 30, 2016 $12.86 Oct 30, 2016 $12.86
Nov 6, 2016 $5.14 Nov 6, 2016 $5.14
Nov 13, 2016 $5.14 Nov 6, 2016 $5.14
Nov 20, 2016 $5.14 Nov 6, 2016 $2.57
Nov 21, 2016 $2.57
Nov 27, 2016 $5.14 Nov 21, 2016 $2.57
Dec 2, 2016 $2.57
Dec 4, 2016 $5.14 Dec 2, 2016 $5.14
Dec 11, 2016 $5.14 Dec 2, 2016 $2.57
Dec 14, 2016 $2.57
Dec 18, 2016 $5.14 Dec 14, 2016 $2.57
Dec 28, 2016 $2.57
Dec 25, 2016 $5.14 Dec 28, 2016 $5.14
Jan 1, 2017 $5.14 Dec 28, 2016 $2.57
Jan 25, 2017 $2.57
Jan 8, 2017 $5.14 Jan 25, 2017 $2.57
Feb 1, 2017 $2.57
Jan 15, 2017 $5.14 Feb 1, 2017 $5.14
Jan 22, 2017 $5.14 Feb 1, 2017 $5.14
Jan 29, 2017 $5.14 Feb 1, 2017 $2.57
Mar 8, 2017 $2.57
Feb 5, 2017 $5.14 Mar 8, 2017 $5.14
Feb 12, 2017 $5.14 Mar 8, 2017 $5.14
Feb 19, 2017 $5.14 Mar 8, 2017 $5.14
Feb 26, 2017 $5.14 Mar 8, 2017 $5.14
Mar 5, 2017 $2.57 Mar 8, 2017 $2.57
Mar 12, 2017 $2.57 Apr 5, 2017 $2.57
Mar 19, 2017 $2.57 Apr 5, 2017 $2.57
Mar 26, 2017 $2.57 Apr 5, 2017 $2.57
Apr 2, 2017 $2.57 Apr 5, 2017 $2.57
Apr 9, 2017 $2.57 Apr 5, 2017 $2.57
Apr 16, 2017 $2.57 Apr 5, 2017 $2.57
Apr 23, 2017 $2.57 Apr 5, 2017 $2.57
Apr 30, 2017 $2.57 Apr 5, 2017 $2.57
May 7, 2017 $2.57 Apr 5, 2017 $2.57
May 14, 2017 $2.57 May 9, 2017 $2.57
May 21, 2017 $2.57 May 9, 2017 $2.57
May 28, 2017 $2.57 May 9, 2017 $2.57
Jun 4, 2017 $2.57 May 9, 2017 $2.57
Jun 11, 2017 $2.57 May 9, 2017 $2.57
Jun 18, 2017 $2.57 Jun 5, 2017 $2.57
Jun 25, 2017 $2.57 Jun 5, 2017 $2.57
Jul 2, 2017 $2.57 Jun 5, 2017 $2.57
Jul 9, 2017 $2.57 Jun 5, 2017 $2.57
Jul 16, 2017 $2.57 Jun 5, 2017 $2.57
Jul 23, 2017 $2.57 Jul 6, 2017 $2.57
Jul 30, 2017 $2.57 Jul 6, 2017 $2.57
Aug 6, 2017 $2.57 Jul 6, 2017 $2.57
Aug 13, 2017 $2.57 Jul 6, 2017 $2.57
Aug 20, 2017 $2.57 Jul 6, 2017 $2.57
Aug 27, 2017 $2.57 Sep 6, 2017 $2.57
Sep 3, 2017 $2.57 Sep 6, 2017 $2.57
Sep 10, 2017 $2.57 Sep 6, 2017 $2.57
Sep 17, 2017 $2.57 Sep 6, 2017 $2.57
Sep 24, 2017 $2.57 Nov 14, 2017 $2.57
Oct 1, 2017 $2.57 Nov 14, 2017 $2.57
Oct 8, 2017 $2.57 Nov 14, 2017 $2.57
Oct 15, 2017 $2.57 Nov 14, 2017 $2.57
Oct 22, 2017 $2.57 Nov 14, 2017 $2.57
Oct 29, 2017 $2.57 Nov 14, 2017 $2.57
Nov 5, 2017 $2.57 Nov 14, 2017 $2.57
Nov 12, 2017 $2.57 Nov 14, 2017 $2.57
Nov 19, 2017 $2.57 Nov 14, 2017 $2.57
Nov 26, 2017 $2.57 Nov 14, 2017 $2.57
Dec 3, 2017 $2.57 Nov 28, 2017 $2.57
Dec 10, 2017 $2.57 Nov 28, 2017 $2.57
Dec 17, 2017 $2.57 Nov 28, 2017 $2.57
Dec 24, 2017 $2.57 Jan 31, 2018 $2.57
Dec 31, 2017 $2.57 Jan 31, 2018 $2.57
Jan 7, 2018 $2.57 Jan 31, 2018 $2.57
Jan 14, 2018 $2.57 Jan 31, 2018 $2.57
Jan 21, 2018 $2.57 Jan 31, 2018 $2.57
Jan 28, 2018 $2.57
Feb 4, 2018 $40.89
Feb 11, 2018 $40.89
Feb 18, 2018 $40.89
Feb 25, 2018 $40.89
Mar 4, 2018 $40.89
Mar 11, 2018 $40.89
Mar 18, 2018 $40.89
Mar 25, 2018 $40.89
Apr 1, 2018 $40.89
Apr 8, 2018 $40.89
Apr 15, 2018 $40.89
Apr 22, 2018 $40.89
Apr 29, 2018 $40.89
May 6, 2018 $40.89
May 13, 2018 $40.89
May 20, 2018 $40.89
May 27, 2018 $40.89
Jun 3, 2018 $40.89
Jun 10, 2018 $40.89
Jun 17, 2018 $40.89
Jun 24, 2018 $19.55

Loading...