Selling of sachet water

Abel

Kenyasi Abirem, Ghana

5% repaid

Entrepreneur

Name

Abel

Member since

December 2016

On-time repayments

137 installments  •  36%

About Me

Abel Kusi Akosah is my name,born into a family of three(3).I had my early childhood school at Duayaw-Nkwanta Anglican primary school(1991-2001).To further my secondary studies,I went to Kumasi High School(2001-2003)in Kumasi(Ashanti-Region) where i pursued courses in the General Arts(Government,Economics'Geography,History). I also had my Diploma in basic education Wesley College of Education from 2007 to 2010 . I overcame hardship by taking advice from people who are more experienced than myself.
Growing up,my hobbies have been reading,playing football and relationship with people.From family where members are dependent financially on the parents for survival. It became a thourght for me to plan my life strtegical to achieve my goes and be financial sound. This has led me buying and selling agricultural produce,general goods and other stuffs.However,this provide business opportunities for business-minded personalities to cash-in.

My Business

My business is selling scahet water because the government has failed to provide the basic drinking water needed for every Ghanaian.There is not going to be a day,people will stop drinking water.The popularity of sachet water is growing on alarming rates even in towns and villages across Ghana.
Sachet water is very cheap and affordable to buy even by the poorest man on earth.Moreover,it is widely acceptable and used for events and parties and consumption of sachet water is not restricted by any law or religious belief unlike alcohol or some other drinking products. The raised some small fund from my salary which I used in starting the business.
This business has helped me to sustain my family need and improve my teaching career because of the profit i have been making.I market the product as people buy,I get profit.

Loan Proposal

I am still into sachet water selling,I have been able to buy a container where I will keep the water for customers to come and buy as whole sale. I will buy 300bags of sachet water which is GHS300 equivalent to 133.49USDollars.This will help me to acquire a land God willing and take care of my family. I am targeting a profit of 70% after selling.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$525.00

Date disbursed

Dec 22, 2017

Repayment status

Late

Projected term

24 months

Lenders

A

Anonymous

United States

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