Entrepreneur
Name
James
Member since
March 2016
On-time repayments
73 installments • 81%
About Me
I am called Yeboah James, a 28 years old young man. I come from Amantin in Atebubu constituiency. I also went to Basic school at the Anglican Basic School and furthered at Amass High School. My father died when I was 17 years . Is my mother whom i stayed with. I preferred waakye and stew . draft is the game I like best.
My Business
The name of my agro chemical shop is "THE GRACE AGRO CHEMICALS". It is located at Atebubu along the Atebubu-Kumasi main road. I started this business about 5 years ago. When I stared, I use to sell the products on Tuesdays which is the market day of Atebubu. I started this way because I have no shop to keep the products so I do keep them in the house then on Tuesdays I bring them to the market to sell. Gradually, I managed to get small metal container in which I now keep the products and sell them everyday. I sell agro chemical products like fertilizers,pesticides, weed killers etc. I have employed one worker who have been helping me always at the shop. I live in a farming community so there is a high demand for these agro chemical products. This therefore help my business to flourish very well. I managed to get profit ranging from $45 to $70 every week. Which assist me cater for my family. My prime aim is to expand the business so that I can employ more people to reduce the unemployment rate in my country.
Loan Proposal
Dear lenders, I wish to apply for a loan of $150 to stock my agro chemical shop with fertilizers for local farmers. When given this loan, I will use it to purchase more inorganic fertilizers for the local farmers. Dear lenders the amount I have is not enough so please assist me with the loan. When this loan is given to me, it will help me purchase more of the agro chemical product stated above. This will also go a long way to help me increase my profit margin by 70% every week. Since my business is sited in a farming community and also we are in the rainy season where farming activities have started, there is a high demand for agro chemical products so with your help, my business can be expanded. I hope my loan will be considered fully funded on time. I promise to repay my loan on time.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$150.00
Date disbursed
Mar 29, 2016
Repayment status
On Time
Projected term
3 months
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