Entrepreneur
Name
Glenn
Member since
March 2016
On-time repayments
128 installments • 55%
About Me
I am an entrepreneur in books and stationery who's business has been going through a challenging phase for sometime now,it has been difficult sourcing for funds,since the local banks and lending institutions requirements and conditions are not quite favorable to most business people.
My sister introduced me to Isaac Asare Boahen,a volunteer mentor who invited me to apply for a zidisha loan. This is an amazing opportunity for local entrepreneurs to apply for credit facilities with extremely reasonable interest rate and terms of payments.
My Business
We are a business into books,stationery and merchant services, which has been in operation for about a year now,located at Darkuman Quarters ,Accra-Ghana. It's a good location for business and the demand is high but currently we are struggling to meet the needs of the market,because the industry is capital intensive and mostly, profits reinvested makes little or no significant impact to the growth of the business because of the high demand for other goods that may not be available. Getting the right funding and resources will propel the enterprise to a much good standing in the competitive business environment and meet the needs of our client base with much priority to excellent customer service.
Loan Proposal
There have been much more need for textbooks and course study books for my enterprise. Demand for textbooks has been in high demand for some time now and that will increase in the next term to start the acade mic year. I will use about $100 to purchase some of the textbooks and workbooks for primary schools. I would also use part of the loan to buy other items needed for stock like pens, pencils, crayons, erasers, highlighters etc which will cost about $50 to purchase. It will help pupils and students in my business community get easy access to buy these materials to make learning great and insightful. It will also increase my business sales turnover which will result in increased profit of about 25% therefore increasing productivity. Thank you.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$180.00
Date disbursed
Aug 3, 2018
Repayment status
Late
Projected term
4 months
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