To buy groundnuts to make groundnut paste (peanut-butter)
Mercy Aboagye
Koforidua, Ghana
100% repaid
Entrepreneur
Name
Mercy Aboagye
Member since
August 2020
On-time repayments
49 installments • 63%
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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Neutral
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Negative
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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: $34.18
Credit risk payment:
$136.74
Optional expediting fee:
$68.37
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Jari Jul 2, 2021
Victoria Sep 20, 2020
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