To buy equipment

Alex Amankwah

Techiman, Ghana

100% repaid

Entrepreneur

Name

Alex Amankwah

Member since

July 2016

On-time repayments

111 installments  •  41%

About Me

i was born into a big family of ten . as the seventh child i had to pass through stress and hard work to establish my own business by the help of a friend. i had to follow him everywhere he goes. he taught me how to shave and i acquired all the skills in barbering . at the place where i reside we always work in hand to improve each and everyone my children want to be very useful to the society they belong .i really like to play draft at my leisure time.

My Business

i serve my community by shaving the members in the community. human cannot stay all year without shaving ,therefore i know is going to help . i earn that was the reason why i decided to choose this business . equipment for establishing this business will coast not less than 500$. i will reinvest with the profit that i get into another business,

Loan Proposal

i will buy sterilizer, shaving machines, hair creams, razor blades and many more. these items cost almost 400$. the benefit i will get from this loan is that i will be able to cater for my family, it will help me to expand the shop and also i will help the needy with the little profit that i will earn. i expect my profit to increase to 60% . because the i am going to furnish the business the loan

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$60.19

Date disbursed

Jul 22, 2016

Repayment status

On Time

Projected term

2 months

Cost to entrepreneur

Service fee: $1.52

Alex opted to pay $6.33 into the Zidisha Members Loan Fund in return for a higher starting credit limit.

Lenders

Craig Newmark

United States

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