Entrepreneur
Name
Benjamin
Member since
April 2020
On-time repayments
114 installments • 99%
About Me
Benjamin Kwabena Agyei is my name. I come from Nkoranza, in the Bono East region of Ghana. I started my Early Childhood Education at Atebubu st. Patrick R/C Basic School . After completing Basic School, I gain admission at Obuasi Senior High/Technical School and I was offered technical as my program with Building Construction option, due to hard work I was awarded Ghana Government scholarship, I completed successfully in 2001 and I continued my Post Secondary Education at Mampong Technical Teachers college. I studied Technical education and I was awarded teachers certificate "A". I taught for three years and left the teaching job for further studies at the University of education winneba Ghana and I graduated with second class upper division. I came back to teach at Nkoranza Senior high Technical school. I was enrolled at Kwame Nkrumah University of science and technology Ghana to study for masters degree (Msc.) In technology management and entrepreneurship in 2018 and have successfully graduated.
My dream is to become University lecturer, a renowned entrepreneur and a phalantropist targeting the homeless peoples. So I am planning to start PhD soon,I am married with three children all males.
My Business
I have started a cosmetics business,paultry farming pigery and other livestock production. The cosmetic store is in full operation and my paultry business is also in incubation period since the birds are now growing, I plan to add hair products and toiletries to the cosmetic store but I am limited with finance. I don't want to put "all my eggs in one basket", I was told is not good practice as entrepreneur so I want to diversify my business by adding different products to the stock. If I am able to get higher loan amount from lenders i will use it to stock the cosmetic store with hair products thank you.
Loan Proposal
I want to add hair products and toiletries to my cosmetics store, because I don't want to have "all my eggs in one basket," as I was told that's not a good practice as an entrepreneur. Therefore, I want to diversify my business by stocking other products instead of stocking only cosmetics. Financially, however, I am limited.
If I am able to get this loan from lenders, I would use some of it to stock the cosmetics store with hair products. If the loan becomes fully funded and gets disbursed to me, then half of the amount would be used to buy hair products to offer for sale, and the other half would be used to buy soaps, laundry powder, and rolls of toilet paper to resell, too, because diversification is one way of tackling the risks of doing business.
Income Source
Risk & Revenue Information: My cosmetics business is in full operation, and my profits
have not been affected in any way. Also, I believe that with the introduction of new products, my profits would be increased. That, in turn, would help me to repay my loan
on time.
✎✎✎
EDITOR'S NOTES:
1.) For anyone who may not yet know this, please be aware that although English is an official language in many African countries, English usually *isn't* the first language of
most people in Africa; rather, a tribal language (or two or three or more) usually is/are
the first language(s).
2.) The "Risk & Revenue Information" is submitted separately and, therefore,
doesn't appear in the "Show original English" section, below:
About Me
Benjamin Kwabena Agyei is my name. I come from Nkoranza, in the Bono East region of Ghana. I started my Early Childhood Education at Atebubu st. Patrick R/C Basic School . After completing Basic School, I gain admission at Obuasi Senior High/Technical School and I was offered technical as my program with Building Construction option, due to hard work I was awarded Ghana Government scholarship, I completed successfully in 2001 and I continued my Post Secondary Education at Mampong Technical Teachers college. I studied Technical education and I was awarded teachers certificate "A". I taught for three years and left the teaching job for further studies at the University of education winneba Ghana and I graduated with second class upper division. I came back to teach at Nkoranza Senior high Technical school. I was enrolled at Kwame Nkrumah University of science and technology Ghana to study for masters degree (Msc.) In technology management and entrepreneurship in 2018 and have successfully graduated.
My dream is to become University lecturer, a renowned entrepreneur and a phalantropist targeting the homeless peoples. So I am planning to start PhD soon,I am married with three children all males.
My Business
I have started a cosmetics business,paultry farming pigery and other livestock production. The cosmetic store is in full operation and my paultry business is also in incubation period since the birds are now growing, I plan to add hair products and toiletries to the cosmetic store but I am limited with finance. I don't want to put "all my eggs in one basket", I was told is not good practice as entrepreneur so I want to diversify my business by adding different products to the stock. If I am able to get higher loan amount from lenders i will use it to stock the cosmetic store with hair products thank you.
Loan Proposal
When the loan is fully funded and disbursed, half of the amount will be used to buy more hair products for sale and the other half will be used to buy soaps, loundary powder and toilet rolls for resale because diversification is one ways of tackling risks in business
Feedback
Positive
None
Neutral
None
Negative
None
Loan Info
Project Type
Classic Loan
Disbursed amount
$587.00
Date disbursed
Aug 12, 2020
Repayment status
On Time
Projected term
14 months
Lenders
New York, United States
Portland, OR, United States
Germany
Glen Spey, United States
Canada
Sacramento, United States
United States
Canada
Ireland
United States
United States
United States
Norway
United States
Washington State, United States
United States
Uganda
Germany
Saint Paul, United States
Summary
Amount repaid
$587.00
Amount remaining
$0.00
Date repaid
Nov 3, 2021
Status
Fully repaid
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Aug 24, 2020 | $6.31 | Aug 23, 2020 | $1.67 |
| Aug 25, 2020 | $4.64 | ||
| Aug 31, 2020 | $3.71 | Aug 29, 2020 | $3.71 |
| Sep 7, 2020 | $3.71 | Aug 29, 2020 | $1.86 |
| Sep 5, 2020 | $1.86 | ||
| Sep 14, 2020 | $3.71 | Sep 5, 2020 | $3.71 |
| Sep 21, 2020 | $3.71 | Sep 13, 2020 | $3.71 |
| Sep 28, 2020 | $3.71 | Sep 13, 2020 | $0.37 |
| Sep 28, 2020 | $3.34 | ||
| Oct 5, 2020 | $7.43 | Sep 28, 2020 | $4.08 |
| Oct 6, 2020 | $3.34 | ||
| Oct 12, 2020 | $7.43 | Oct 20, 2020 | $7.43 |
| Oct 19, 2020 | $7.43 | Oct 20, 2020 | $7.43 |
| Oct 26, 2020 | $7.43 | Oct 28, 2020 | $7.43 |
| Nov 2, 2020 | $7.43 | Nov 5, 2020 | $7.43 |
| Nov 9, 2020 | $7.43 | Nov 15, 2020 | $7.43 |
| Nov 16, 2020 | $0.00 | ||
| Nov 23, 2020 | $1.86 | Nov 20, 2020 | $1.86 |
| Nov 30, 2020 | $1.86 | Dec 2, 2020 | $1.86 |
| Dec 7, 2020 | $1.86 | Dec 2, 2020 | $1.86 |
| Dec 14, 2020 | $1.86 | Dec 15, 2020 | $1.86 |
| Dec 21, 2020 | $1.86 | Dec 21, 2020 | $1.86 |
| Dec 28, 2020 | $1.86 | Dec 28, 2020 | $1.86 |
| Jan 4, 2021 | $1.86 | Dec 28, 2020 | $1.86 |
| Jan 11, 2021 | $1.86 | Jan 13, 2021 | $1.86 |
| Jan 18, 2021 | $0.93 | Jan 13, 2021 | $0.93 |
| Jan 25, 2021 | $10.58 | Jan 27, 2021 | $10.58 |
| Feb 1, 2021 | $10.58 | Feb 1, 2021 | $3.16 |
| Feb 6, 2021 | $7.43 | ||
| Feb 8, 2021 | $10.58 | Feb 9, 2021 | $2.78 |
| Feb 13, 2021 | $7.80 | ||
| Feb 15, 2021 | $10.58 | Feb 19, 2021 | $10.58 |
| Feb 22, 2021 | $10.58 | Feb 25, 2021 | $10.58 |
| Mar 1, 2021 | $10.40 | Mar 6, 2021 | $10.40 |
| Mar 8, 2021 | $10.40 | Mar 8, 2021 | $10.40 |
| Mar 15, 2021 | $10.40 | Mar 16, 2021 | $10.40 |
| Mar 22, 2021 | $10.40 | Mar 26, 2021 | $10.40 |
| Mar 29, 2021 | $10.40 | Mar 30, 2021 | $1.11 |
| Mar 31, 2021 | $9.28 | ||
| Apr 5, 2021 | $10.40 | Apr 10, 2021 | $10.40 |
| Apr 12, 2021 | $10.40 | Apr 14, 2021 | $1.11 |
| Apr 16, 2021 | $9.28 | ||
| Apr 19, 2021 | $10.40 | Apr 25, 2021 | $6.68 |
| Apr 27, 2021 | $3.71 | ||
| Apr 26, 2021 | $10.40 | Apr 27, 2021 | $5.38 |
| Apr 28, 2021 | $5.01 | ||
| May 3, 2021 | $10.40 | May 1, 2021 | $7.24 |
| May 6, 2021 | $3.16 | ||
| May 10, 2021 | $10.40 | May 12, 2021 | $10.40 |
| May 17, 2021 | $10.40 | May 15, 2021 | $1.49 |
| May 24, 2021 | $8.91 | ||
| May 24, 2021 | $10.40 | May 26, 2021 | $10.40 |
| May 31, 2021 | $10.40 | May 29, 2021 | $3.34 |
| Jun 4, 2021 | $7.05 | ||
| Jun 7, 2021 | $10.40 | Jun 13, 2021 | $10.40 |
| Jun 14, 2021 | $10.40 | Jun 20, 2021 | $10.40 |
| Jun 21, 2021 | $10.40 | Jun 24, 2021 | $7.80 |
| Jun 26, 2021 | $2.60 | ||
| Jun 28, 2021 | $10.40 | Jun 26, 2021 | $1.11 |
| Jul 1, 2021 | $4.27 | ||
| Jul 4, 2021 | $5.01 | ||
| Jul 5, 2021 | $10.40 | Jul 6, 2021 | $7.43 |
| Jul 12, 2021 | $2.97 | ||
| Jul 12, 2021 | $10.40 | Jul 17, 2021 | $10.40 |
| Jul 19, 2021 | $10.77 | Jul 19, 2021 | $10.77 |
| Jul 26, 2021 | $10.77 | Jul 19, 2021 | $0.37 |
| Jul 27, 2021 | $8.35 | ||
| Jul 28, 2021 | $2.04 | ||
| Aug 2, 2021 | $10.77 | Aug 6, 2021 | $10.77 |
| Aug 9, 2021 | $10.77 | Aug 11, 2021 | $3.53 |
| Aug 14, 2021 | $7.24 | ||
| Aug 16, 2021 | $10.77 | Aug 16, 2021 | $5.75 |
| Aug 19, 2021 | $5.01 | ||
| Aug 23, 2021 | $11.14 | Aug 30, 2021 | $11.14 |
| Aug 30, 2021 | $11.14 | Sep 5, 2021 | $11.14 |
| Sep 6, 2021 | $11.14 | Sep 8, 2021 | $11.14 |
| Sep 13, 2021 | $11.14 | Sep 13, 2021 | $11.14 |
| Sep 20, 2021 | $11.14 | Sep 22, 2021 | $11.14 |
| Sep 27, 2021 | $11.14 | Oct 1, 2021 | $9.28 |
| Oct 4, 2021 | $1.86 | ||
| Oct 4, 2021 | $11.14 | Oct 9, 2021 | $11.14 |
| Oct 11, 2021 | $11.14 | Oct 16, 2021 | $11.14 |
| Oct 18, 2021 | $11.14 | Oct 22, 2021 | $7.43 |
| Oct 24, 2021 | $3.71 | ||
| Oct 25, 2021 | $11.14 | Oct 27, 2021 | $11.14 |
| Nov 1, 2021 | $45.48 | Oct 31, 2021 | $45.48 |
| Nov 8, 2021 | $30.26 | Nov 3, 2021 | $30.26 |
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