Stocking up for end of year festivities
Rene Gyimah Amoah
Odumasi, Ghana
100% repaid
Entrepreneur
Name
Rene Gyimah Amoah
Member since
August 2015
On-time repayments
145 installments • 71%
About Me
I was born into a family of six and my childhood was filled with going to farm and trekking long journeys to school . I am a teacher after completing teaching college . Going to school was a hurdle as none of my siblings went to basic school. I had to fetch and sell during weekend and after school to survive with my school fees. The provisions started when I was posted to a village and it was hard getting milk and sugar to buy because I've to walk to another village for it. It was just a table top business but later saved and expanded to this level through prudent measures I put in place
I want my children to enjoy a childhood of happiness and have peace to pursue their education they can
I'd like this business to flourish into a bigger one where I would be a main distributor of provisions in my district one day. my hobbies are watching football and singing
My Business
I provide gari,sugar,bebe drink,milo,milk,salt,maggie cube,milk powder,toilet roll,pen,pencil,eraser,chalk,diapers,insecticides,sachet and mineral water, sharpener,toffees,blade,disposal razor,airtime credits and sardines. These are aome of the things i sell and when demand increases i may buy what is needed. Since my money i meagre i usually run out of stock and spend money to pay for transportation which all goes against the business.
Business is good here and revenue per week is about eighty Ghana cedis and the profit is reinvested. My business is in good standing since everything is written down. I use my profit to reinvest in my business
Loan Proposal
the end of year is upon us again and its a time most people in my community spend big on their kids and send gifts to relatives to celebrate christmas and the new year. if granted by our generous lenders, i will use it to purchase assorted drinks which will cost $200. i will also buy six bags of rice which costs $300. i will need to purchase broilers for sale which one will cost $5 so i will use the rest of the loan for that. these items when purchase will help me meet my customers high demand during this time of the year. they will also stop traveling long distances for these goods.
i expect my profit to increase by $40 per week through this loan! thank you
Feedback
Positive
1
Neutral
None
Negative
None
Loan Info
Project Type
Classic Loan
Disbursed amount
$806.34
Date disbursed
Jan 7, 2018
Repayment status
On Time
Projected term
14 months
Cost to entrepreneur
Service fee: $22.92
Lenders
Hong Kong, Hong Kong
Lethbridge, Canada
Toronto, Canada
Baltimore, United States
Shanghai, China
Palmdale, United States
Geneva, Switzerland
Stamford, USA, United States
Plainsboro, United States
Toronto, Canada
Heber City, United States
Germany
Ames, United States
New York, United States
Washington, DC, United States
Brussel, Belgium
Belchertown, United States
United States
United States
United States
United States
United States
Beaverton, United States
United States
Australia
Sydney, Australia
Ireland
Mangalia, Czech Republic
United States
Switzerland
Switzerland
Montreal, QC, Canada, Canada
Germany
Australia
India
Australia
United States
Canada
United States
Washington DC, United States
United Kingdom
United States
United States
Austria
United Kingdom
United States
Brazil
Germany
Australia
Denmark
United States
Bucharest, Romania, Italy
Belgium
United States
Switzerland
United States
Canada
United States
United States
Hong Kong
Netherlands
Winchester, Ma, United States
United States
United States
United States
Saudi Arabia
Sweden
United States
United States
United States
Johannesburg, South Africa, United States
Russia
Nigeria
Canada
United States
United Kingdom
United States
United States
Spain
Thailand
Germany
Switzerland
United States
United States
United States
United Kingdom
Kristinn Árni Lár Hróbjartsson
Iceland
United Kingdom
Australia
United States
Canada
Australia
Nashville, TN, United States
Germany
United States
Canada
Germany
Germany
Australia
United Kingdom
Denmark
Ask Rene Gyimah a question about this loan project, share news and photos of your own, or send a simple note of thanks or inspiration.
djkmoran Aug 1, 2017
Loading...