Add stock of tables to my plastic furniture business

Isaac Yeboah

Sunyani, Ghana

60% repaid

Entrepreneur

Name

Isaac Yeboah

Location

Sunyani, Ghana

On-time repayments

75 weekly installments  •  52%

About Me

my name is isaac yeboah a first born of mr and mrs akoto from sunyani in the brong ahafo region. i have attended school at presby senior high in berekum. I couldnt further my education due to financial hardship of my parents, so i followed a family friend in his business who sells hardware in his shop for 4years.
so he gave me acapital as loan to start up my own business which i did an have repaid him back. Am married with one child , Living with my wife , daughter and my old mother.

My Business

i have started with buying and selling of phone accesories at lorry station, selling watches and chains . So i manage this job till i paid him back. But i didnt got it easy at all after my wife gave birth in operation form, icouldnt paid the bills because my income was not enough for my family.
so a friend introduce me to plastic chair business whose i hire a pick-up car and buy plastoc chairs and send them to the surrounding villages to sell , i got more customers because i only deal with quality ones, and also take them to there door steps this, make them easier way for the customers to get what they want without any extra fares. The chairs are cheap so it makes it easier for every body to buy one.

Loan Proposal

I will be grateful if you grant me this loan to add to my capital to buy plastic tables which my customers are urging me me to add.
Because especially bar operators alway buy chairs with tables and also schools , so I hope this will help boost my business to generate extra income to support my family .

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$93.66

Date disbursed

Aug 25, 2017

Repayment status

Late

Projected term

12 months

Cost to entrepreneur

Service fee: 5% of $93.66 = $3.33

Credit risk payment: $9.82

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