Roosevelt
Sunyani, Ghana
100% repaid
Name
Roosevelt
Member since
June 2015
On-time repayments
165 installments • 74%
My name is Roosevelt Cobbina and I hail from Wamfie in the Brong Ahafo region of Ghana. I currently reside in Sunyani after several attempts in settling at other big cities in Ghana. We are five siblings in all and I happens to be the Eldest.
After my secondary education, I had to start working in order to help my other young siblings to get educated. I decided to learn the repair of gas stoves and the manufacture of locally made ovens. This took me to apprenticeship for two years in Accra.
I am into the repair and servicing of gas cookers, gas stoves, gas ovens and the manufacture of locally made gas ovens. I purchase spare-parts of cookers, stoves and ovens to repair the damage appliances of my clients. My business has brought smiles to a lot of homes especially when it has to do with the advice on the use and handling LPG( Liquefy Petroleum Gas) in the home.
The habit of cooking is part and parcel of society and the use of LPG is the cheapest way of cooking in the country all things being equal. As a result of this, the breakdown of these cooking appliances occur frequently. My clients cut across all spectrum of society; the low, the middle and the high classes.
Depending on the level of damage, a repair and service of gas cooker gas/gas stove ranges between GH 50.00 to Gh400.00.
I spend my profits on fending for my family, paying the school fees of my two children and reinvesting into growing the business.
I which to apply for a loan to buy spare-parts to improve my Gas cooker, stove and oven shop. I need valves, burners and fibres. There are domestic cooker valves, basma valves and industrial valves. Domestic valves (20 pieces) = $100, basma valves (20 pieces)=$50, burners(20 pieces )=70, fibres (4 sets)= $200. These comes to a total of $420.00. And the more I purchase the raw material, the more profit I will get.
This loan will go a long way to increase my profit margin to about 40 per cent. With the help of the loan I will be able to pay the fees of my children and provide for my family.
Positive
None
Neutral
None
Negative
None
Project Type
Classic Loan
Disbursed amount
$332.00
Date disbursed
Oct 31, 2016
Repayment status
On Time
Projected term
6 months
Amount repaid
$332.08
Amount remaining
$0.00
Date repaid
May 14, 2017
Status
Fully repaid
Expected Payments | Actual Payments | ||
---|---|---|---|
Nov 13, 2016 | $9.00 | Nov 13, 2016 | $9.00 |
Nov 20, 2016 | $9.00 | Nov 20, 2016 | $9.00 |
Nov 27, 2016 | $9.00 | Nov 26, 2016 | $9.00 |
Dec 4, 2016 | $0.00 | ||
Dec 11, 2016 | $12.85 | Dec 4, 2016 | $9.00 |
Dec 7, 2016 | $3.86 | ||
Dec 18, 2016 | $12.85 | Dec 10, 2016 | $12.85 |
Dec 25, 2016 | $12.85 | Dec 18, 2016 | $12.85 |
Jan 1, 2017 | $12.85 | Dec 26, 2016 | $12.85 |
Jan 8, 2017 | $12.85 | Dec 31, 2016 | $12.85 |
Jan 15, 2017 | $12.85 | Jan 7, 2017 | $12.85 |
Jan 22, 2017 | $12.85 | Jan 16, 2017 | $12.85 |
Jan 29, 2017 | $12.85 | Jan 21, 2017 | $12.85 |
Feb 5, 2017 | $12.85 | Jan 30, 2017 | $12.85 |
Feb 12, 2017 | $12.85 | Feb 4, 2017 | $12.85 |
Feb 19, 2017 | $12.85 | Feb 12, 2017 | $12.85 |
Feb 26, 2017 | $12.85 | Feb 18, 2017 | $12.85 |
Mar 5, 2017 | $12.85 | Feb 28, 2017 | $12.85 |
Mar 12, 2017 | $12.85 | Mar 7, 2017 | $12.85 |
Mar 19, 2017 | $12.85 | Mar 17, 2017 | $12.85 |
Mar 26, 2017 | $12.85 | Mar 21, 2017 | $12.85 |
Apr 2, 2017 | $12.85 | Mar 28, 2017 | $12.85 |
Apr 9, 2017 | $12.85 | Apr 1, 2017 | $12.85 |
Apr 16, 2017 | $12.85 | Apr 9, 2017 | $12.85 |
Apr 23, 2017 | $12.85 | Apr 15, 2017 | $12.85 |
Apr 30, 2017 | $12.85 | Apr 23, 2017 | $12.85 |
May 7, 2017 | $12.85 | Apr 30, 2017 | $12.85 |
May 14, 2017 | $22.36 | May 7, 2017 | $12.85 |
May 14, 2017 | $9.51 |
Ask Roosevelt a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.