Name
Edmund
Member since
January 2019
On-time repayments
7 installments • 43%
I was born in Okroase a village in Suhum-Eastern Region. I attended Okroase M/A JSS. Due to financial problems in my family I decided not to continue my education after the Basic Education Certificate Exams(JSS). I lost my parents at the age of 5 years so with the help of my grandmother I was able to complete JSS. With the help of my grandmother she introduce me to the soft drink business on a small scale of which I raised capital. The Odwira festival is the unique culture in my area. My little boy have a dream of becoming a dentist in future Football is the game I like best. On the 25th December 2018 I made a trip to the kakum national park with my friends and it was really fun.
I SELL SOFT DRINKS SUCH AS COCA-COLA, FANTA,VITA MILK,RUSH ENERGY DRINK,TROPICAL,STORM ENERGY DRINK ETC.
SINCE MY SHOP IS LOCATED AT THE COMMERCIAL AREA IN OKROASE-SUHUM, CUSTOMERS OF VARIOUS WORKING ENVIRONMENT ALWAYS COME IN TO BUY BEFORE AND AFTER LUNCH OR EVEN SUPER ALWAYS SINCE THERE ARE NO RESTRICTIONS ON SOFT DRINKS TO HARD LIQUORS.
I CHOSE THIS BUSINESS FROM INFANCY THROUGH MY GRANDMOTHER WHO WAS INTO IT ALREADY AND GAVE ME A LOT OF EXPERIENCE
MY TYPICAL COST IS $2,500 AND REVENUE IS $300 PER MONTH SUBJECT TO INFLATION.
I USE PART TO PAY MY WARDS SCHOOL FEES AND TAKE CARE OF SOME NEEDY KIDS IN MY COMMUNITY. ALSO I HAVE BEEN SAVING SMALL TOWARDS THE FUTURE.
I WILL ADD THE LOAN TO MY SAVINGS AND BUY COCA-COLA 10 CRATES($900), TROPICAL 8 CRATES ($250),VITA MILK 5 BOXES ($795),RUSH 8 CRATES ($210) AND STORM 7 CRATES ($210).
THIS LOAN WILL INCREASE MY STOCK AND MY PROFIT MARGIN,IT WILL ALSO HELP ME TO CATER FOR THE NEEDY IN MY COMMUNITY.
I EXPECT MY PROFIT TO INCREASE TO 30%
Positive
None
Neutral
None
Negative
1
Project Type
Classic Loan
Disbursed amount
$2.00
Date disbursed
Jan 24, 2019
Repayment status
On Time
Projected term
1 week
Other loans
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William Edwards Apr 15, 2019
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