Stocking my shop

Peprah Prince

Sunyani, Ghana

1% repaid

Entrepreneur

Name

Peprah Prince

Location

Sunyani, Ghana

On-time repayments

117 weekly installments  •  86%

About Me

My name is Peprah Prince, 26 years of age. A hardworking and a very determined young man. I completed my basic education in 2008 went to the senior high school school for 4 years and completed in the year 2012. I'm currently working in my provision shop I opened few years ago. I am single and have not married yet. My parents were not rich but gave birth to 7 children of which I'm the 4th born. When I completed senior high school, my parents did not have money to cater for me in the tertiary institution that made join a sachet water company to work there. I worked there for some months and decided to start my own business.

My Business

The business I'm currently into is a provision store. This business is a shop opened for retailers. I go to buy some of the things I sell from whole sailors and come and sell them to my customers. I sell things like sardines, biscuits, tomato paste in tin, soaps, washing powder, Milo, milk, sachet water, bottle water and others. How I got this money to start this was the money I got from the sachet company when I was working there. I started this business with an amount of 100 Ghana cedis. Initially I use to collect some of my goods on credit then pay back after selling and still collecting some on credit.

Loan Proposal

This loan will be used in stocking my shop. Some items in my shop has finished and other items also needed to be added. So this loan will help me to meet all these target.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$355.08

Date disbursed

Jan 28, 2019

Repayment status

Late

Projected term

4 months

Cost to entrepreneur

Service fee: 5% of $355.08 = $14.15

Credit risk payment: $57.10

Optional expediting fee: $28.46

Lenders

Jorgen V

Mol, Belgium

Paul Buchheit

Mountain View, United States

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