Stock of engine oil and filters

Kwame

Berekum, Ghana

100% repaid

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How it Works

Entrepreneur

Name

Kwame

Member since

January 2015

On-time repayments

178 installments • 87%

About Me

My name is Kwame Asenso. . From there I couldn't go further.In the beginning, I started selling home used cloths and after some time, it was not fetching me much money and I stopped that one too. I therefore began the sale of home used fridges and it was good until the government of Ghana imposed a law, no home used fridge should be imported to Ghana. I therefore switched again and began the sale of engine oil for both motorbike & cars. And I have been doing that for years.

My Business

I sell all kinds of engine oil. I sell both for motorbike , cars and all other kinds of engine. I sell oil filters in addition too. I have been doing this business for 5years now and I know all the pros and cons of the business. I chose this business because there are many cars coming from America and Europe coming to Ghana on daily basis..I mean most been used cars. Either for private or commercial purposes. All these cars also use engine oil after some period of time..this made me enter into this business. I have never regreted doing this business. It is very profitable.

Loan Proposal

I thank all lenders for the help for my first & second project(loan). It helped me a lot with business and i was able to take good care of my daughter. God bless you.Selling all kinds of engine oil is my business. I sell this at an advantageous area at Berekum. My shop is located just behind the Berekum Main lorry station. I have numerous customers which buy from me. I sell oil & filters in addition too. The business is very good because I get market for my products all the time, due to the sharp rise of imported cars and other machines which they all use engine oil. Am here because there is more room for improvement. When zidisha lenders help me, I can get more stock which will bring extra profit. I can repay the loan, because I get profit on daily basis. Thank you for seeing me through.

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Day Family Feb 23, 2019

Unfortunately due to ongoing late repayment and no updates or payments in 9 months, we've had to use Receive Advance Repayment to get the loan money back to assist other lenders.

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