Rene Gyimah
Odumasi, Ghana
100% repaid
Name
Rene Gyimah
Member since
August 2015
On-time repayments
145 installments • 71%
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
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
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
Positive
1
Neutral
None
Negative
None
Project Type
Classic Loan
Disbursed amount
$806.00
Date disbursed
Jan 7, 2018
Repayment status
On Time
Projected term
14 months
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djkmoran Aug 1, 2017
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