158 installments • 75%
I write to respectfully apply for a loan to assist me finance the tuition and related cost of study of my two junior sisters who are pursuing their Senior High School education. Both of them are pursuing a study in General Arts at Islamic Senior High School-Kumasi and are in their first year. This has been necessitated by the fact that I have been handed the responsibility of taking care of their educational both parents of ours are smallholder farmers and are aged and hence are not able to generate enough money from the farming activities to support expenses. I am responsible for the funding of the educational expenses of my siblings, who are four (4) in number.
The main source of my income is from salary I receive from my employers. This implies that the principal source of repayment for this loan would be from proceeds from my salary. My salary basically finances my living expenses, the educational expenses of my siblings and a savings towards a postgraduate study.
Having received support from the lenders here in financing the high school education of my sisters, I would like to solicit your support once again to help them pursue tertiary studies. The loan will be used to augment the tuition fees required for their admission into the University for bachelor studies.
Mar 7, 2019
Cost to entrepreneur
Service fee: $21.78
Credit risk payment: $87.23