Stock of coconut & palm nut oils for my general store

Koffi

Accra, Ghana

18% repaid

Entrepreneur

Name

Koffi

Member since

May 2015

On-time repayments

243 installments  •  31%

About Me

My name is Koffi Dossa.
I was born to farming parents who did know the value of education but did not have the means to finance my education , but managed to educate me to secondary level .
I had to work hard during week ends and vacations to supplement their effort.
After teaching as pupil teacher and later on managing an evangelical bookshop I realized I will not be able to educate my children and prepare for safe future, unless I start my personal business. So with the help of my wife I saved money to rent a shop to start distribution of local rice , cooking oil and daily consumables.
I am a father of two . Abel , 15, intend to become a computer engineer whilst the sister Emmanuella 13 want to become a physician. I like reading at my when I am free

My Business

I distribute local rice , Gari, maize powder sugar, tooth paste , cooking oils s and toilet roll. These are the commodities people in my neighborhood need on a daily basis and this business has been my dream since my school days to provide people with their basic needs at an affordable price.
Purchasing stock, transport, rent and paying the service of a neighbor who helps me serve customers who live some distance from the shop constitute the cost I incur.
The income is spent on paying school fees , feeding the family and reinvestment in the growing of the business

Loan Proposal

COCO NUT AND PALM NUT OIL RETAILING:
Term 3 weeks
Cost: $395.0
Commondity Coconut oil Palm oil
Quantity: 4 xJelly can 3xJelly can
Unit Price $ 65.00 $ 45.00
Amount: $260.00 $135.00
Transport $ 5.00
Total Cost $ 400.00

Sales

Coconut oil : 100liters x$4.00 $400.00
Palm oil 75liters x $2.50 $187.50
Sales Total $587.50

Profit $ 187.00

Feedback

None

None

None

Loan Info

Project Type

Classic Loan

Disbursed amount

$312.00

Date disbursed

Jul 13, 2017

Repayment status

Late

Projected term

33 months

Lenders

DeanDropshot

Oslo, Norway

Taata

Multia, Finland

M

mbarbier

United States

PG

Paul Graham

United States

S

Sally

Australia

Craig Newmark

United States

The Zinc Team

San Francisco, United States

Humble Bundle Community

San Francisco, United States

R

Ryan

Albuquerque, NM, United States

A

Anonymous

United States

CN

Craig Newmark

United States

JG

Jake Gibson and Beverly Picardo

San Francisco, United States

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  • Obeng    Apr 24, 2018

    I have been trying to call koffi, off late he told me business has gone down, but I discuss with him he told me he will make payment ,but right now I when call the number if off.

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  • Koffi    Apr 12, 2018

    Business has gone into bankrupcy

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  • Obeng    Jan 15, 2018

    I have Kofi Dossa today pad

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  • Obeng    Jan 1, 2018

    Hi lenders i was able to talk with Dossa, he has promise to start payments to get on truck.He discuss little problem with me,but he said he will start payment.Thank you for your concern.

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  • Koffi    Jul 29, 2017

    Business could not flourish as expected. Many customers did not pay their debt.

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  • Koffi    Jul 13, 2017

    Dear Lenders,
    This is to inform you that your loan of GHC 1301 has been disbursed to me .
    I will be able to take more stocks of palm oil and coconut oil forv my grocery shop.
    Thank you for making this possible for me
    Koffi Dossa

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  • Koffi    Jul 12, 2017

    My special thank goes to all golden hearted lenders who made it possible for me to access this loan .
    This will enable me to buy more stocks of oil for my grocery shop which will help me expand my business by way of covering greater distribution and of course increase my profit.
    Once more , thank you and may God bless you.
    Koffi Dossa

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  • Koffi    Jun 28, 2017

    My sincere gratitude goes to lenders who funded my loan I took some time ago.
    This loan helped me grow my business in that I have not only been able to double the stock pf oil and other commodities but also added many more products such as fish , meat and vegetable which I even got quarter an acre to grow .
    I was able to finance my two children's education in a very good but expensive secondary school.
    I look into the future with confidence to see them through tertiary education with this same business.
    Zidisha special loan is helping us achieve more than our lenders can imagine.
    Koffi Dossa

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  • Koffi    Dec 25, 2016

    Hello Sir/ Madam
    My payment of 70,00 Cedis on Friday evening was not credited to my account.
    May I know why ? Otherwise you may effect the changes.
    Thanks.
    Koffi Dossa

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  • Koffi    Sep 5, 2016

    Business has improved a little bit.

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  • Koffi    Jul 7, 2016

    Business holds not prospect of flourishing this months as many debtors have not paid .

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  • Koffi    Jun 14, 2016

    Business is no longer prosperous as expected .

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  • Koffi    Dec 28, 2015

    Our business encountered a lot of losses

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  • Koffi    Sep 15, 2015

    Sales was not as goo as expected

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    • DocHolliday    Sep 29, 2015

      Thank-you for rescheduling and making steady repayments even as your business is not doing as well as you were hoping.

      Are you finding that the coconut or the palm oil sells better?

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  • Koffi    Aug 30, 2015

    Sales has not been as good as expected

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  • Koffi    Aug 18, 2015

    Dear Sirs and Madams,
    Accept my gratitude for the handsome amount of of $344.02 granted to me recently.
    I was able to purchase $ 200 worth of Coconut oil and $ 100.00 worth of palm oil to stock my stall.
    I have just taken delivery of these good but the rate at which sales have progressed since Friday is quite satisfactory .

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  • Koffi    Aug 8, 2015

    Dear lenders ,
    Thank you very much for granting this handsome sum to enable me grow my business.
    I will be able to take stocks in bulk . This will take my business to the next level and the profit will help me pay for my ward's fees at school.
    My special gratitude goes to you and to Zidisha staff
    Koffi Dossa

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  • Koffi    Jul 29, 2015

    Dear lenders,
    You have surely arouse my gratitude.
    Your interest- free loan helped so much revive my food retail business.
    Prior to getting introduced to ZIDISHA loan opportunity , I was literally working to pay interest on loans I get from financial institutions.
    With ZIDISHA loan I can confidently say I am now in business.
    I was able to buy Rice and sunflower oil on getting the loan but with the proceeds of the sales I was able to introduce other commodities such as Palm oil , plantain gari and palm nuts.
    I was able to pay the school fees of my two children who were turned home because they defaultered . Upon paying the fee in mid July , they allowed to sit for their final external examinations and passed with flying colors.
    They are now helping actively to develop this business to a giant company.

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  • Koffi    Jul 26, 2015

    I thank Zidisha for their program that has not only helped my business but has also revived it. My deep gratitude goes to Mr Graham who made this loan available and especially my good friend Ernest who introduced me to this great program.
    With this first loan I have been able to revive my business which almost collapsed. I was also able to pay arrears of my children's school fees so that they were allowed in to sit for their external examinations which their passed with flying colors. I am confident with this opportunity created by Zidisha I will be able not just to educate my children and my nephews who are orphans but also will be able to achieve my aims.
    I say a big thanks to the entire ZIDISHA management and staff.
    Koffi Dossa

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  • Koffi    Jul 11, 2015

    I was veri sick in the week and so was not able to make as much sales as intended

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