To buy groundnuts to make groundnut paste (peanut-butter)

Mercy Aboagye

Koforidua, Ghana

100% repaid

Entrepreneur

Name

Mercy Aboagye

Location

Koforidua, Ghana

On-time repayments

45 weekly installments  •  60%

About Me

My name is mercy aboagye from takyiman in the eastern of Ghana. I sell groundnut paste in the market. Am not married but I take care of my siblings. I love selling and that's my hoby. I very jovial but quick tempered.

My Business

I have a customer in north that sends groundnut to me on credit then when I buy I fry it my self and turn into groundnut paste. I sell it market days and other days.I do make 1000 a week

Loan Proposal

I buy groundnut from the north and bring it down here to make groundnut paste to sell. At the north the groundnut is not expensive as compared to our area. So I need money to buy it down in bulk then I use it gradually to prepare the paste and sell

Income Source

The profit does not come because I also loan it to those who sell it on small scale so that depends on when they bring the money but I will pay from the profit I get on the money I invest

My Videos

Apr 4, 2021: Selling of groundnut paste

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$959.56

Date disbursed

Apr 8, 2021

Repayment status

On Time

Projected term

3 months

Cost to entrepreneur

Service fee: $42.48

Credit risk payment: $169.94

Optional expediting fee: $84.97

Lenders

W

Witlof

Tsukuba, Japan

S

soren

Göteborg, Sweden

MarktheMormon

Sandy, Utah, United States

G

guenter

Bremen, Germany

C

cyrilleberger

Gammalkil, Sweden

D

Divergent

Bethesda, United States

ads68

Melbourne, Australia

SteveFylde

United Kingdom

LJ

United States

JT

John Tabacchi

United States

Kevin

San Francisco, United States

Joe Lamantia

Reston, Virginia, United States

MC

United States

M

mariamfula

United States

SH

Steven Huntington

London, United Kingdom

C P

Mazatlan, Mexico

Ren

Minneapolis/StPaul, United States

Vratik Krocik

Prague, Czech Republic

Heather

Taree, NSW, Australia

Paul Buchheit

Mountain View, United States

KN

Kevin N

Cleveland, Ohio, United States

Theo

Zürich, Switzerland

Leesa

Australia

Chris

Fairfax County Virginia, United States

Nick Studenski

Minneapolis, United States

Shervin

San Francisco, United States

C

Camm

Australia

M

Melissa

United States

E

emily

Australia

B

Barbra

United States

A Akoma

United Kingdom

Y

Yolanda

Australia

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

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