Selling electrical parts
Wadawe
Kintampo-brong Ahafo Rigion, Ghana
100% repaid
Entrepreneur
Name
Wadawe
Member since
May 2015
On-time repayments
303 installments • 63%
About Me
My name is wilberforce kofi wadawe.i am single and a member of a family of six. I lost my parent at a very tender age in which i struggle to make ends meet. Through scholarship,i completed senior secondary school and proceeded to koforidua college of education of which i came out to become a teacher at a rural community call Kunsu near Kintampo. I was not able to continue to the university because of money. When i was in the secondary school,i got government scholarship so i was able save USD100 which i use to start my electrical shop business in order to support my family.i also want to support my brothers son who want to become a doctor in the future. I like reading and soccer.
My Business
I am into the sale of electrical appliences. The business is situated at kintampo in the Brong Ahafo region of Ghana. I choose this business because of high demand for electrical parts.i. USD100 to set up the business. The iyerms are in a container.the business is very lucrative with 0.5% risk level of some parts not been purchase ontime but any amount invested in it shall not be at loss. My only challenge is that i have very limited working capital therefore should i get any fund as support, i believe in the next 2 years my business will grow from strength to strength. Now because of the support I received from you I am now at university studying Bsc Information Technology. I pray you continue helping me so that I will be able to graduate.
Loan Proposal
I want to expand my main shop since the demand of some gadgets like iron, and standing fan has increase. Because of the change of the weather, the damand for both the ceilling and standing fans has gone up so I want to have them more in the shop. I need to get some of the rice cookers too because very soon people will be living to the tertiary institutions and whennit gets to that time the demand for it also goes up.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$295.00
Date disbursed
Jun 11, 2016
Repayment status
On Time
Projected term
29 months
Other loans
Lenders
Hong Kong
United Kingdom
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