Supplying pure water to my community

Daniel

Greater Accra, Ghana

100% repaid

Entrepreneur

Name

Daniel

Member since

March 2016

On-time repayments

271 installments  •  71%

About Me

I am someone who doesn't joke with education so during my childhood days, i did assisted my mother in selling tomatoes and other vegetables at the market. I did this to enable my parents gather enough money to cater for my education. I also developed the attitude of saving money to buy things for myself without bothering my parents.
Due to my hard work, i became a class prefect in my primary school stage 6 to Junior Secondary form 2 and also became the school prefect when i got to form 3. With this leadership position, i came out successful in my education career and got a work doing as a Safety Officer.
My community is a new site being developed and there are a whole lot of issues when it comes in terms of potable drinking water. I decided to involve the sachet water company to supply me with sachet water were i sell in singles and in full bag to make water available to all those who needed it.
I have two (2) children now, a daughter by name Roselove and she is now 9 years old who is very lovely, intelligent and loves flowers a lot. She said she want to be a nurse in feature so as to cater for the sick in the community. A son who is call Isaac and a year old.
As my hobby, i delight in the following; reading, swimming, playing volley, advising and travelling.

My Business

My business is selling of sachet water. Sachet water is a purified water bagged in a polythene rubber of 500ml per sachet and 30pieces per bag. This type of water is what Ghanaians drink every now and then whether young or old, rich or poor, male or female, etc. As we all know, water is life and we need it in our daily lives.
My community is a new developing area were water is an issue, so i took this problem and negotiated with one of the pure water sachet company (Standard Water) to supply me with their product so as to assist the community. The Company gives me their product and after selling it, i make my profit and pay them back were another consignment is given to me.
I make sure the profit is saved and gradually adding up will enable me expand the business. The price of a bag is almost $1 and i do make $1 profit when i sell them in singles but lesser profit when i sell the whole bag. I have been able to buy a freezer to chill the water for consumers in and around my place. Now due to the demands and growing of my business, as in regards to people coming to buy in large quantity (wholesale) and re-selling (retail) to their communities. I receive 200 bags ($150) weekly and 800 bags ($600) monthly of purified water supply from my suppliers to meet the demands of my customers. I'm able to generate a profit of $40 a week when i sell the 200 bags in bags.
I re-invest some of the profit into the business and use some to cater for the family and assist the needy in the society and also pay my taxes as well.
Growing, serving the community and continuing in business is my priority.

Loan Proposal

I will use the loan to buy 800 to 1,000 bags of treated purified water and at the end of the day, will make a profit of $160 to $200 after paying my loan. I will re-invest some of the profit into the business and pay the school fees of my daughter who is in stage 2. She is soo brilliant that i have push her throughout her education.
The profit will help me in such that my business will continue growing gradually whiles my daughter's education will also improve at the long run.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$887.00

Date disbursed

Aug 27, 2018

Repayment status

On Time

Projected term

6 months

Lenders

Dianne

Maryville, United States

ErikN

Stockholm, Sweden

G

guenter

Bremen, Germany

Bobrm2k3

Charleston, United States

L

Liz

Nowra, Australia

C

Colibri

Nanaimo, Canada

Freewolf

Salt Lake City, United States

S

sanfransec

San Francisco, CA, United States

Leonardia

Waddinxveen, Netherlands

Wendy

Los Angeles, United States

Lotus Flower

United States

V

Vivek

Arlington, VA, United States

Carl D Patterson

United Kingdom

Thomas

Sweden, Sweden

kt

Brush Prairie, United States

R

Rahima

United States

Ed

Howells, United States

JA

Joshua Axtell

United States

Vratik Krocik

Prague, Czech Republic

Ellen

Michigan, United States

Emily

San Francisco, United States

F

freytsis

United States

Theo

Zürich, Switzerland

M

Mia

United States

T

TP

United States

petter

Finland

SB

Stephen B

United States

J

Netherlands

Dieter Meeuwis

Deurne (Antwerpen), Belgium

C

Carol

Bayswater, WA, Australia

R

RM

Australia

GA

Gal Ashuach

רעננה, Israel

Outi

Finland

JRM

South Bend, IN, United States

alexalexalex

Berlin, Germany

LizRea

Singapore

J

Jason

West Palm Beach, United States

A

Anne

Germany

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Summary

Amount repaid

$887.57

Amount remaining

$0.00

Date repaid

Mar 15, 2019

Status

Fully repaid

Repayment History

Expected Payments Actual Payments
Sep 8, 2018 $63.99 Sep 9, 2018 $63.99
Sep 15, 2018 $63.99 Sep 14, 2018 $63.99
Sep 22, 2018 $63.99 Sep 29, 2018 $63.99
Sep 29, 2018 $63.99 Sep 29, 2018 $63.99
Oct 6, 2018 $21.33 Oct 7, 2018 $21.33
Oct 13, 2018 $21.33 Oct 15, 2018 $21.33
Oct 20, 2018 $21.33 Oct 15, 2018 $21.33
Oct 27, 2018 $21.33 Oct 21, 2018 $21.33
Nov 3, 2018 $21.33 Nov 5, 2018 $21.33
Nov 10, 2018 $21.33 Nov 14, 2018 $21.33
Nov 17, 2018 $21.33 Nov 20, 2018 $21.33
Nov 24, 2018 $21.33 Nov 24, 2018 $21.33
Dec 1, 2018 $21.33 Dec 1, 2018 $21.33
Dec 8, 2018 $21.33 Dec 8, 2018 $21.33
Dec 15, 2018 $21.33 Dec 15, 2018 $21.33
Dec 22, 2018 $21.33 Dec 28, 2018 $21.33
Dec 29, 2018 $21.33 Dec 28, 2018 $21.33
Jan 5, 2019 $21.33 Jan 6, 2019 $21.33
Jan 12, 2019 $21.33 Jan 12, 2019 $21.33
Jan 19, 2019 $21.33 Jan 20, 2019 $21.33
Jan 26, 2019 $21.33 Jan 26, 2019 $21.33
Feb 2, 2019 $21.33 Feb 3, 2019 $21.33
Feb 9, 2019 $21.33 Feb 9, 2019 $21.33
Feb 16, 2019 $21.33 Feb 18, 2019 $21.33
Feb 23, 2019 $63.99 Feb 25, 2019 $63.99
Mar 2, 2019 $63.99 Mar 2, 2019 $63.99
Mar 9, 2019 $63.99 Mar 11, 2019 $63.99
Mar 16, 2019 $13.01 Mar 15, 2019 $13.01

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