Cornelius Nartey

Prampram, Ghana

100% repaid

Entrepreneur

Name

Cornelius Nartey

Member since

December 2013

On-time repayments

383 installments  •  17%

About Me

I am involved in designing and providing support to young entrepreneurs. I developed interest in this work when I join a community development organisation in2003. I was inspired by the sincerity and enthusiasm of the leaders as they worked passionately to drive away poverty, diseases and corruption from Ghanaian communities. Whatever attracted me to this organisation must have a lot other volunteers from near and far. Their project teams are always composed of volunteers from different continents. They operate from a small rented office for headquarters and prefer to partner local community centers in setting up their numerous field offices.

My Business

Currently, I spend part of my day working for a non-profit I lead. The rest of the time I engage in some income generating activity - that invariably try to address certain needs.

For instance, in order to contribute to efforts aimed at alleviating the effects of water shortage in my community (which forms part MDG 7), I used my first and second loans to improve a water supply business, I started last year.

In this business, I store and supply pipe-borne water to needy families. I assist families that cannot afford water tanks and can have only a limited a quantity of water at a time. During shortages, these families have to resort to water that often comes from open holes dug in the sand of dry riverbeds, and it is invariably contaminated.
This business provides them with clean, safe water anytime, whether there is a shortage or not

Loan Proposal

The loan would be used to buy 5 bags of cement to build a concrete platform for a second storage tank. I am planning to purchase the second tank by early next year. With the start of the dry season, demand for water would be high, so I hope to prepare for an additional water tank to enable me meet the needs of all my customers.

Feedback

5

None

3



Loading...

Loan Info

Project Type

Classic Loan

Disbursed amount

$56.50

Date disbursed

Dec 18, 2013

Repayment status

On Time

Projected term

10 months

Cost to entrepreneur

Lender interest: $56.50 at 1.90% annual rate over 10 months = $0.98

Service fee: $0.76

Lenders

O

Oliver

Geneva, Switzerland

A

anonymus

Moon, United States

TuveTheDog

Helsinki, Finland

Ask Cornelius a question about this loan project, share news and photos of your own, or send a simple note of thanks or inspiration.

Loading...

Loading...

Loading...