Gabriel
Djankrom, Nsawam. Eastern Region Ghana, Ghana
15% repaid
Name
Gabriel
Member since
January 2016
On-time repayments
217 installments • 20%
The struggle of man they say begins at birth, my name is Gabriel owusu and i am from Ghana. By the grace of God i attended senior high school but due to lack of financial support i could not further it up. i began fending for myself at quiet an early age of 15 when i lost my dad and mom could not handle the up keep anymore. i initially began by selling some sachet water along the streets of Nsawam in my community right after i close from school until i completed my senior high school.
this was a though decision but i have to survive and by so doing could not remain idle for long.
When i completed my senior high school, i changed from selling the sachet water to selling yogurt and ice cream in small quantities. So ever since that is what i have been involve with. it is very profitable but due lack of capital to put into it, it has hindered much of my progress.
i learnt to be very hard working and faithful even with all the little that i have from a very tender age. i like football very much and i am a very good goalkeeper too.
I sell ice cream along the streets and in schools in my community. These are fan Yogurt, fan milk, Tampico, and other fruit drinks. i have been in this business for three years now. As it is a consumable commodity it is highly demanded daily by travellers and others who need refreshment for their daily activities.
I did choose this kind of business due to its profit margin and also as of the time i began trading in it, the capital needed to start trading was very low which i could afford as of that time. When i pic a bag of say yogurt, it has 24 piece and each on sold gives me 30% profit on the entire bag and on market days i can sell close to ten bags of yogurt, five of Fan milk, ten of Tampico drinks etc. Each back of yoghurt cost $20, Fan milk cost $25 and Tampico cost some $15.
However, when i sell a bag, i make a 30% profit on the amount used for inventory.
As i said earlier, i am into the sales of ice cream in my community. Now if my project fully supported as i am highly hopping, i will invest the entire amount into my trade. Therefore, this is the breakdown of my expenditure;
Fan Milk...$100.00
Fan Yogurt..$100.00
Tampico Drink.$50.00
Jolly Juice..$15
Blue Doe,$10
With this inventory and new goods, my sales will increase and i will have a profit increment of not less than 30%. As it stands, with my calculations and projects, with hard working, i will be able to repay back as early and on time as schedule. With this help, my life will improve greatly and my situation will not be the same anymore
Positive
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Neutral
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Negative
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Project Type
Classic Loan
Disbursed amount
$251.00
Date disbursed
Sep 14, 2016
Repayment status
Late
Projected term
44 months
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