School supplies & textbooks for my stationery business

Kenneth Adevu

Ho, Ghana

100% repaid

Entrepreneur

Name

Kenneth Adevu

Member since

October 2016

On-time repayments

76 installments  •  100%

About Me

My name is Kenneth Adevu. I am an entrepreneur. I am of a poor parentage; both my parents being peasant farmers and my father having three wives and 18 children. Growing up, my siblings and I lived in poverty and squalor but those conditions did not deter me from going to school. l fended for myself during the greater part of my schooling but by dint of hard work I trained as a graduate teacher. Now I teach at a senior high school where I have impacted several lives positively. I am married and have three children; the first one is in the second year in senior high school while the second and the third are in final year in junior high school and sixth grade respectively. With the income that I earn from my profession, I am able to take care of my family but the pressure from extended family members and other people is intense. Therefore, in order to meet extended family and other social responsibilities I have managed to set up few small businesses which rake in additional income and at the same time provide jobs for some otherwise jobless youths in my community.

My Business

My business is a stationery shop. I have opened the shop near my workplace and sell items to my students so that they have easy access to stationery for their school work. I derive income from the sale of the stationery. I have employed a senior high school graduate who could not afford money to enter into a tertiary institution as a shop assistant.

Loan Proposal

I would like to use the loan to purchase more stationery in order to expand my operation.

When school is in session, the students buy stationery items like pens, pencils, rulers, envelopes, drawing sheets, textbooks and many others. Some people who live around the school also buy stationery from my shop. In a month we are able to make an average net income of Two Hundred and Twenty-Five Dollars(US$225.00). I give one-third of the income ($75.00)to my sale assistant as her pay. I use the rest to supplement my salary in meeting my family and social responsibilities. I also plow back part of the income into the business. I intend to use $250 of the loan to purchase assorted textbooks on various subjects and the remaining $300 or so to buy stationery items for my one-stop shop. With the injection of the new loan into my operations, I hope to increase my profit margin by 50%. With the increase in profits, I will expand my business further by opening another shop near one of our sister schools in the Ho Municipality. I will then provide a job for another jobless young person in the city.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$529.37

Date disbursed

Aug 7, 2017

Repayment status

On Time

Projected term

15 months

Cost to entrepreneur

Service fee: $14.05

Lenders

T

Tmann

Los Angeles, United States

Q

Quomar

Żmigród, Poland

G

GalantnostS

Hong Kong, Hong Kong

B

bgalon

London, United Kingdom

C

Christian

Saarbruecken, Germany

sworthington

San Francisco, United States

B

BRWorthington

San Francisco, United States

investor

Candiac, Canada

karestan

Toronto, Canada

C

chkuo

Taipei, Taiwan

malcolm D

grants pass, United States

ken701

Lede, Belgium

BelleStarr

Albuquerque, United States

cyrus0302

San Francisco, United States

Johnny

shanghai, China

S

soren

Göteborg, Sweden

G

golivera

Lima, Peru

Vanamo

Helsinki, Finland

T

traderjohn

Baltimore, United States

A

anonymus

Moon, United States

T

Tallago3

Munich, Germany

T

ToddK

Indianapolis, IN, USA, United States

Svenip

Vienna, Austria

J

JakeA

Wellington, New Zealand

Joseph P. Edd

Seoul, Republic of Korea

R

rmacaw

Australia

Jeff and Marcie

Portland, OR, United States

T

tlingf

San Francisco, United States

Tavin

Ottawa, Canada

B

Bavarian

Bavaria, Germany

HE

help each other

Glasgow, United Kingdom

G

graememoss

Amsterdam, Netherlands

T

TokyoBliss

Tokyo, Japan

KM

British Columbia, Canada, Canada

Moyeji

Australia

Z

Zippo

Berlin, Germany

B

bgj21

Cambridge, United Kingdom

J

jzidi

Los Angeles, United States

J

JoJoHouse

New Castle, United States

DukusP

Glendale, United States

M

mastodons

Chicago, United States

A

Austrian

Graz, Austria

RobinW

Bonn, Germany

mauroandmichelle

Montreal, Canada

P

Prysdahl

Marshall, United States

E

edgreig

Brixton, United Kingdom

postnihilist

Honolulu, United States

nakamura

United States

A

amish

San Francisco, United States

T

Taupe

Balzers, Liechtenstein

ShaneS

Port Pirie, Australia

M

Moonknight

Østre Gausdal, Norway

O

olliepalmer

London, United Kingdom

Zal0m0n

Atlantis!!!! x), Mauritania

B

Bokolo

Leeds, United Kingdom

H

Habroukema

Austin, United States

GuillaumeTeissier

Montréal, Canada

E

E

Marin county, United States

M

markus61

cologne, Germany

M

Michiel

Zoetermeer, Netherlands

Evan Lamos

Brussels, Belgium

sderickson

Berkeley, CA, United States

Z

zvrk2014

Brookline, MA, United States

pvilliger

Zurich, Switzerland

M

Malibu

Westwood, United States

D

drorm

United States

A

adiipienaar

South Africa

S

spivurno

United States

bb4dogs

United States

Flipmore

Vancouver, Canada

joshuacollinson

Vienna, Austria

smastermind

Jerusalem, Israel

GMc50

Australia

L

luckiestmonkey

United States

G

ghimeu

Malaysia

J

jocor

Germany

Otto Barten

Amsterdam, Netherlands

SV

sven vdk

Twickenham, United Kingdom

M

M.Umar

Pakistan

A

adamdreaming

United States

SuperMario28

Cudahy, United States

T

TZ

Singapore, Singapore

DR

Daniel R

Berlin, Germany

E

Erich

Zurich, Switzerland

Gab

Singapore

Jeroen Decock

Gent, Belgium

Dave Bogard

New York, United States

rjb

Phnom Penh, Cambodia, United Kingdom

Fred

Germany

MD

Miles Dodge

CORVALLIS, United States

SMOICE

Berlin, Germany

WH

Walter Hill

United States

Dominik Wagner

Karlsruhe, Germany

Jake Badger

Roskilde, Denmark

PP

Pasi Paajanen

Helsinki, Finland

KO

Kevin OBrien

Denver, CO USA, United States

S

Susie

Christchurch, New Zealand

Kevin

San Francisco, United States

Emma

Australia

TH

tom hd

United Kingdom

Kavitha Amarnath

Sydney, Australia

Mark Grey

Redding, CT, United States

AH

ajay hampapur

United States

N

Nick

United States

Carlo Cruz

Cincinnati, OH, United States

Roman Achmatow

Leipzig, Germany

JC

Justin cohan

United States

MF

Marissa Fiore

United States

V

Vidar

Oslo, Norway

M

Magnus

Switzerland

GC

Greger Cronquist

Göteborg, Sweden

BW

Betty Waweru

United States

KirstenAlana

Los Angeles, United States

EB

Erika Barraza

United States

RT

Rob Torti

United States

TO

Thomas O'Neil

United States

J

Jon

United States

LS

Leah Stemeroff

Toronto, Canada, Canada

J

jennie

Guatemala

Craig Newmark

United States

The Zinc Team

San Francisco, United States

WS

Warren Shen

United States

Humble Bundle Community

San Francisco, United States

Vratik Krocik

Prague, Czech Republic

Megan Strickland

Los Angeles, United States

JD

JASON DORSETT

United States

JZ

Julia Zaks

United States

Christie Young

Boston, Ma, United States

L

Lillian

United States

PC

Peter Cordier

United States

HCPSPIRIT

Helsinki, Finland

The Weltys

Averill Park, NY, United States

GS

Gary Sinard

Franklin, TN, United States

ED

Eunan Doherty

donegal ireland, Ireland

R

Robert

Netherlands

A

Anonymous

United States

TB

Tim Barrett

United States

R

RMIM

United States

DW

Dan Winetsky

United States

Victoria Keenan

East Anglia, United Kingdom

Paul Buchheit

Mountain View, United States

John Barnett

United States

CN

Craig Newmark

United States

AB

Ashira Blazer

United States

JG

Jake Gibson and Beverly Picardo

San Francisco, United States

R

Richard

United Kingdom

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