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

Ask Kenneth 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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  • Kenneth Adevu    Mar 30, 2021

    My dear generous lenders,
    Thank you for keeping faith in me by lending your money to me. You have been patient throughout the period of my repayment of the loan amount.

    Thankfully, I have finished paying today. Soon, I will put in another loan proposal for your consideration. I trust you would be there for me once again.
    Thank you all, not forgetting my volunteer mentors.

    Sincerely,
    Kenneth

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  • Kenneth Adevu    Feb 13, 2021

    Business has slowed down quite considerably and it has affected my profits.

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  • Kenneth Adevu    Nov 26, 2020

    I have been trying to make repayment of my loan amount since yesterday, Wednesday, 25th November, 2020 to no avail. There is a technical challenge somewhere.

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  • Kenneth Adevu    Oct 24, 2020

    I have paid the third installment of my loan repayment. I hope to continue paying on schedule once business is doing fine.

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  • Kenneth Adevu    Oct 9, 2020

    Dear all,
    This is to inform you that business is going quite well and I have started the repayment of my loan amount.

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  • Kenneth Adevu    Sep 28, 2020

    My dear lenders,
    I acknowledge receipt of the loan amount hitting my account. Thank you all.

    Log in to reply • Share
  • Kenneth Adevu    Sep 26, 2020

    Thank you, my dear lenders for the confidence reposed in me by lending your hard-earned money to me. I will uee the money to purchase a laptop and a printer for for secretarial work. The returns will improve my family budget and that of my shop assistant.

    I pledge to repay the loan on schedule.

    Thank you.

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    • Christian Golo    Sep 26, 2020

      Kenneth,

      Congratulations, I'm really happy for you. To you lenders, God richly bless and keep you safe for the days ahead.

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  • Barry Cooper    Sep 24, 2020

    Dear Kenneth
    As an entrepreneur and Volunteer Mentor, you may be interested in a simple but effective (and free!) book-keeping and business planning website I have developed for village entrepreneurs. I have used it in my volunteering visits to Cambodia, Tamil Nadu - and here in Australia.
    I would be happy for you to use it also. It is set up to provide for multiple businesses under your own login, so you could provide accounting and advisory services for any number of businesses.
    You can check it out at www.iniPax.com (remember, it's free. Like contributing to Zidisha, this is what I do!).
    Kind regards
    Barry Cooper

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  • Christian Golo    Sep 21, 2020

    Kenneth,
    Great seeing you back. We spoke extensively this afternoon and truly to your words you applied for the Zidisha loan. I have no doubt in your trustworthiness and I know you can make it great on the Zidisha platform.
    To you lenders, you have another trustworthy borrower that when you borrow to, you are assure he wouldn't default in repaying your loan for you. God bless you all in advance as you fund his loan for him.

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  • Kenneth Adevu    Jun 19, 2019

    Please I keep receiving a mail from your outfit stating that you are unable to send me payment because my GCB ACCOUNT is invalid and that I should change my account information within three days. Meanwhile, there is no handle where that change can be made. I have however sent my MTN Mobile Money number in Help Messages more than once but all to no avail.
    Please send the payment via 0246442173.

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  • Kenneth Adevu    Jun 4, 2019

    Please Zidisha,
    Stop sending me messages to pay a debt I don't owe. You claimed to have deposited money into my bank account but concrete evidence from the bank shows that no such money was paid into my bank account. And now you are pestering me to make payments? Did you not do a similar thing to me in December 2018? You people rather owe me in respect of my Zidisha Member Loan Fund I paid upon signing up to be a member. Don't upset me!

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  • Adu Gertrude Nyarko    May 15, 2019

    I had a conversation with Mr Kenneth. He said he didnt receive the loan after disbursement. That is why he has not made the payment. According to Kenneth this is not the first time such incidence has occurred. He has been encountering this challenge since he moved from the use of mobile money account in receiving his loan to the use of his personal bank account. I wish something is done about this issue to enable him make payments and take morr loans to help him build his life. Thank you.

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  • Kenneth Adevu    May 8, 2019

    I would like my Members Loan Fund payment refunded to me. That would serve my interest now better than a costly loan that is not credited to my account in the first place, which is then followed by frustrations. Thank you, lenders for the previous loans.

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  • Kenneth Adevu    May 4, 2019

    Dear Valued Lenders,
    I am unable to make any loan repayment because the loan has not been credited to my account. I'm sorry this is the second time Zidisha has done this thing to me, frustrating me. When I complained I am told to go for my bank statement before the issue can be resolved. Ridiculous!

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  • Kenneth Adevu    Apr 23, 2019

    Dear Valued Lenders,
    Thank you for having faith in me and lending to ensure that my loan application is fully funded. I can assure you that I will certainly pay you back as soon the money hits my account and I use it for the intended purpose.
    Thank you and God richly bless you all.

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  • Kenneth Adevu    Dec 6, 2018

    Dear Valued Lenders,
    Thank you for reposing trust in me by lending me.
    I will use the money to purchase a laptop computer and a printer for my shop. The addition of the two gadgets will help me render more services to patrons of my shop and this will increase my profit margin. My shop assistant will also have a higher pay and my family will also be better off.
    Thank you all.

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  • Kenneth Adevu    Dec 5, 2018

    Dear Lenders,
    Thank you for what you have given so far towards the funding of my loan. It remains $50 for the loan to be fully funded. Kindly donate some more for the realisation of the full amount.
    Thank you.

    Log in to reply • Share
    • Christian Golo    Dec 6, 2018

      Greatly and wonderfully done. Ken, I'm happy for you that your loan is fully funded. Thank you to all lenders, and God Almighty bless you all for your show of love, care and generosity.

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      • Kenneth Adevu    Dec 6, 2018

        Thank you, Chris, for introducing me to Zidisha. Zidisha has become a game changer for me. I am forever grateful. I will never let you and my lenders down.

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  • Kenneth Adevu    Nov 27, 2018

    My dear lenders,
    I am pleased to inform you that I have fully repaid the last loan you advanced to me. Thank you for having faith in me and for your patience.
    I will soon put in a proposal for the next loan and trust that you will generously lend to me again. Thank you.

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  • Kenneth Adevu    Nov 12, 2018

    Dear Zidisha and my cherished lenders,
    I would like to inform you all that my last loan repayment has finally been credited to my account. I have 100 GHS more to pay in order to make full repayment of the loan.
    Thank you all for your support and patience.
    Kind regards,
    Kenneth Adevu

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  • Kenneth Adevu    Nov 6, 2018

    My dear lenders,
    I would like to thank you all for your patience.
    I am very much committed to repaying my loan on schedule. In that regard, I made a repayment of 160 GHS on Thursday, November 1, 2018 but the amount has still not been credited to my account. I have drawn the attention of the Zidisha team but they are yet to respond or rectify the anomaly. I trust the team to resolve the issue pretty soon.
    Thank you all.

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