Starting a hardware shop in my community
Prince
Koforidua, Ghana
100% repaid
Entrepreneur
Name
Prince
Member since
April 2016
On-time repayments
46 installments • 63%
About Me
My name is Prince Buatsie and i am a Ghanaian. I am a plumber and a hard working young man. I attended a technical school and proceeded to the poly to learn Plumbing . After school, i did an apprenticeship for some six months before finally getting a job with Mani constructions here in Ghana.
my childhood was not that easy since mom and dad could not provide me with the basic that a child will need so right from childhood i learn to adjust and appreciate what i have.
Ghana since when i was young has been and is still a very nice place with a very variety of people living freely and peacefully among ourselves.
My Business
I am into plumbing but i will want set up a hardware shop where i will sell the basic building materials and the basic for my plumbing work.
I already have the shop secured for this business . Currently in my area, there are very many building projects since the place is a new site and the vast area is yet to be developed. Hence these goods are the ones in most demand and since i have been in this industry for such a long time, i know how profitable it is.
Normally these goods make returns of more than 60% on all invested capital.
As i am starting out and working with a company too at the same time, i will put back every profit after paying the cost of operations and save just a very small proportion.
Loan Proposal
when and if my loan project is fully funded i will buy the following items into my new shop.
Plastic pipes for wiring and other plumbing work...........$50.00
Electrical cables and others............................................................$100.00
Ten bags of cement to start with...................................................$60.00
Nails of all types...................................................................................$40.00
this will make these goods readily advailable for the people of my community since the place is a new site and now developing and to me it help support my endeavor and dream.
for now, i will invest much back into my business and save a very small portion after all the cost of operations has been deducted.
Feedback
Positive
None
Neutral
None
Negative
None
Loan Info
Project Type
Classic Loan
Disbursed amount
$250.00
Date disbursed
Apr 29, 2016
Repayment status
On Time
Projected term
23 months
Other loans
Lenders
Summary
Amount repaid
$262.35
Amount remaining
$0.00
Date repaid
Nov 3, 2016
Status
Fully repaid
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| May 8, 2016 | $2.69 | May 9, 2016 | $2.69 |
| May 15, 2016 | $2.69 | May 17, 2016 | $2.69 |
| May 22, 2016 | $2.69 | May 17, 2016 | $2.69 |
| May 29, 2016 | $2.69 | May 17, 2016 | $2.69 |
| Jun 5, 2016 | $2.69 | May 23, 2016 | $2.69 |
| Jun 12, 2016 | $2.69 | May 23, 2016 | $2.69 |
| Jun 19, 2016 | $2.69 | May 23, 2016 | $1.34 |
| Jun 1, 2016 | $1.34 | ||
| Jun 26, 2016 | $2.69 | Jun 1, 2016 | $1.34 |
| Jun 14, 2016 | $1.34 | ||
| Jul 3, 2016 | $2.69 | Jun 14, 2016 | $1.34 |
| Jun 20, 2016 | $1.34 | ||
| Jul 10, 2016 | $2.69 | Jun 20, 2016 | $1.34 |
| Jul 4, 2016 | $1.34 | ||
| Jul 17, 2016 | $2.69 | Jul 4, 2016 | $1.34 |
| Jul 19, 2016 | $1.34 | ||
| Jul 24, 2016 | $2.69 | Jul 19, 2016 | $2.69 |
| Jul 31, 2016 | $2.69 | Aug 23, 2016 | $2.69 |
| Aug 7, 2016 | $2.69 | Aug 23, 2016 | $2.69 |
| Aug 14, 2016 | $2.69 | Aug 23, 2016 | $2.69 |
| Aug 21, 2016 | $2.69 | Sep 6, 2016 | $2.69 |
| Aug 28, 2016 | $2.69 | Sep 6, 2016 | $2.69 |
| Sep 4, 2016 | $2.69 | Sep 6, 2016 | $2.69 |
| Sep 11, 2016 | $2.69 | Sep 13, 2016 | $2.69 |
| Sep 18, 2016 | $2.69 | Sep 20, 2016 | $2.69 |
| Sep 25, 2016 | $2.69 | Oct 25, 2016 | $2.69 |
| Oct 2, 2016 | $2.69 | Oct 25, 2016 | $2.69 |
| Oct 9, 2016 | $2.69 | Oct 25, 2016 | $2.69 |
| Oct 16, 2016 | $2.69 | Oct 25, 2016 | $2.69 |
| Oct 23, 2016 | $2.69 | Oct 25, 2016 | $2.69 |
| Oct 30, 2016 | $2.69 | Oct 25, 2016 | $2.69 |
| Nov 6, 2016 | $2.69 | Oct 25, 2016 | $2.69 |
| Nov 13, 2016 | $2.69 | Oct 25, 2016 | $2.69 |
| Nov 20, 2016 | $2.69 | Oct 25, 2016 | $2.69 |
| Nov 27, 2016 | $2.69 | Oct 25, 2016 | $2.69 |
| Dec 4, 2016 | $2.69 | Oct 25, 2016 | $2.69 |
| Dec 11, 2016 | $2.69 | Oct 25, 2016 | $2.69 |
| Dec 18, 2016 | $2.69 | Oct 25, 2016 | $2.69 |
| Dec 25, 2016 | $2.69 | Oct 25, 2016 | $2.69 |
| Jan 1, 2017 | $2.69 | Oct 25, 2016 | $2.69 |
| Jan 8, 2017 | $2.69 | Oct 25, 2016 | $2.69 |
| Jan 15, 2017 | $2.69 | Oct 25, 2016 | $2.69 |
| Jan 22, 2017 | $2.69 | Oct 25, 2016 | $2.69 |
| Jan 29, 2017 | $2.69 | Oct 25, 2016 | $2.69 |
| Feb 5, 2017 | $2.69 | Oct 25, 2016 | $2.69 |
| Feb 12, 2017 | $2.69 | Oct 25, 2016 | $2.69 |
| Feb 19, 2017 | $2.69 | Oct 25, 2016 | $2.69 |
| Feb 26, 2017 | $2.69 | Oct 25, 2016 | $2.69 |
| Mar 5, 2017 | $2.69 | Oct 25, 2016 | $2.69 |
| Mar 12, 2017 | $2.69 | Oct 25, 2016 | $2.69 |
| Mar 19, 2017 | $2.69 | Oct 25, 2016 | $2.69 |
| Mar 26, 2017 | $2.69 | Oct 25, 2016 | $2.69 |
| Apr 2, 2017 | $2.69 | Oct 25, 2016 | $2.69 |
| Apr 9, 2017 | $2.69 | Oct 25, 2016 | $2.69 |
| Apr 16, 2017 | $2.69 | Oct 25, 2016 | $2.69 |
| Apr 23, 2017 | $2.69 | Oct 25, 2016 | $2.69 |
| Apr 30, 2017 | $2.69 | Oct 25, 2016 | $2.69 |
| May 7, 2017 | $2.69 | Oct 25, 2016 | $2.69 |
| May 14, 2017 | $2.69 | Oct 25, 2016 | $2.69 |
| May 21, 2017 | $2.69 | Oct 25, 2016 | $2.69 |
| May 28, 2017 | $2.69 | Oct 25, 2016 | $0.54 |
| Nov 3, 2016 | $2.15 | ||
| Jun 4, 2017 | $2.69 | Nov 3, 2016 | $2.69 |
| Jun 11, 2017 | $2.69 | Nov 3, 2016 | $2.69 |
| Jun 18, 2017 | $2.69 | Nov 3, 2016 | $2.69 |
| Jun 25, 2017 | $2.69 | Nov 3, 2016 | $2.69 |
| Jul 2, 2017 | $2.69 | Nov 3, 2016 | $2.69 |
| Jul 9, 2017 | $2.69 | Nov 3, 2016 | $2.69 |
| Jul 16, 2017 | $2.69 | Nov 3, 2016 | $2.69 |
| Jul 23, 2017 | $2.69 | Nov 3, 2016 | $2.69 |
| Jul 30, 2017 | $2.69 | Nov 3, 2016 | $2.69 |
| Aug 6, 2017 | $2.69 | Nov 3, 2016 | $2.69 |
| Aug 13, 2017 | $2.69 | Nov 3, 2016 | $2.69 |
| Aug 20, 2017 | $2.69 | Nov 3, 2016 | $2.69 |
| Aug 27, 2017 | $2.69 | Nov 3, 2016 | $2.69 |
| Sep 3, 2017 | $2.69 | Nov 3, 2016 | $2.69 |
| Sep 10, 2017 | $2.69 | Nov 3, 2016 | $2.69 |
| Sep 17, 2017 | $2.69 | Nov 3, 2016 | $2.69 |
| Sep 24, 2017 | $2.69 | Nov 3, 2016 | $2.69 |
| Oct 1, 2017 | $2.69 | Nov 3, 2016 | $2.69 |
| Oct 8, 2017 | $2.69 | Nov 3, 2016 | $2.69 |
| Oct 15, 2017 | $2.69 | Nov 3, 2016 | $2.69 |
| Oct 22, 2017 | $2.69 | Nov 3, 2016 | $2.69 |
| Oct 29, 2017 | $2.69 | Nov 3, 2016 | $2.69 |
| Nov 5, 2017 | $2.69 | Nov 3, 2016 | $2.69 |
| Nov 12, 2017 | $2.69 | Nov 3, 2016 | $2.69 |
| Nov 19, 2017 | $2.69 | Nov 3, 2016 | $2.69 |
| Nov 26, 2017 | $2.69 | Nov 3, 2016 | $2.69 |
| Dec 3, 2017 | $2.69 | Nov 3, 2016 | $2.69 |
| Dec 10, 2017 | $2.69 | Nov 3, 2016 | $2.69 |
| Dec 17, 2017 | $2.69 | Nov 3, 2016 | $2.69 |
| Dec 24, 2017 | $2.69 | Nov 3, 2016 | $2.69 |
| Dec 31, 2017 | $2.69 | Nov 3, 2016 | $2.69 |
| Jan 7, 2018 | $2.69 | Nov 3, 2016 | $2.69 |
| Jan 14, 2018 | $2.69 | Nov 3, 2016 | $2.69 |
| Jan 21, 2018 | $2.69 | Nov 3, 2016 | $2.69 |
| Jan 28, 2018 | $2.69 | Nov 3, 2016 | $2.69 |
| Feb 4, 2018 | $2.69 | Nov 3, 2016 | $2.69 |
| Feb 11, 2018 | $2.69 | Nov 3, 2016 | $2.69 |
| Feb 18, 2018 | $2.69 | Nov 3, 2016 | $2.69 |
| Feb 25, 2018 | $2.69 | Nov 3, 2016 | $2.69 |
| Mar 4, 2018 | $2.69 | Nov 3, 2016 | $2.69 |
| Mar 11, 2018 | $2.69 | Nov 3, 2016 | $2.69 |
| Mar 18, 2018 | $1.88 | Nov 3, 2016 | $1.88 |
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