Sale of vehicle lubricants

Stephen Baffoe

Kumasi, Ghana

100% repaid

Entrepreneur

Name

Stephen Baffoe

Member since

May 2021

On-time repayments

49 installments  •  78%

About Me

I am Stephen Baffoe, a retail trading person who deals in the sale of vehicle parts and accessories. I currently sell so many different kinds of brand new and secondhand vehicle parts mainly for Toyota, Nissan, Opel, Honda, Kia, Hyundai and many more.

My Business

I am into retail sale of Brake pads, drive belts, head gaskets, oil seals, bearings, bolts and nuts, spark plugs, filters, electrical parts, tools, lubricants and more

Loan Proposal

I have realized that when I have vehicle lubricants, the sale of my other goods also improve. I need funds to buy more lubricants like engine oils, hydraulic oils, gear oils, brake fluids and others. Though the current loan amount cannot buy much, I believe my timely repayment will help me get higher amount to buy more lubricants and improve my overall sales.

Income Source

I will pay the loan from daily savings from sales

My Videos

Jun 26, 2021: Kaizen auto parts expansion project

Feedback

1

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  • Benvenuto    Jun 27, 2021

    Stephen has been great to lend to. I have worked with him a number of times, and he always pays on, or ahead, of schedule. He is a very good man working hard to grow his business.

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Loan Info

Project Type

Classic Loan

Disbursed amount

$12.55

Date disbursed

Jun 2, 2021

Repayment status

On Time

Projected term

1 week

Cost to entrepreneur

Service fee: $0.38

Credit risk payment: $2.15

Lenders

F

fambig

Switzerland

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