To buy tools and equipments for my straightening shop
Ebenezer
Berekum, Ghana
100% repaid
Entrepreneur
Name
Ebenezer
Member since
April 2015
On-time repayments
30 installments • 63%
About Me
Ebenezer Owusu Asare is my name. I am from Berekum in the Brong Ahafo Region.
I started my basic education at Yiadom Boakye Experimental / Demonstration School. It is one of the best basic schools in Berekum. After basic education I furthered at All For Christ technical and senior high. During my secondary educational time i was finding for myself and younger sister since my parents were not in Berekum. I at times close from school and go back to lorry station to go and sell toffees and handkerchief whiles my sister will also go and sell ice water. When i completed senior high i ended my formal education and learned this trade{welding and straightening} due to financial problems that befalls my parents who are just peasant farmers at different region.I had the opportunity to be trained as a straighter by a philanthropist who saw me in the street and convenes me to learn a trade he took me Magazine in Berekum and also paid for my training cost, so i was trained as straighter and have been in this trade for about 5-10 years now. i mastered as a Benz and mini bus specialist . This what is fetching me my daily bread.
My Business
The name of my business is Ebenezer Straightening and Welding. It is located in the heart of Berekum Magazine about 2km from Berekum township towards Dormaa road or Berekum Municipal Assembly. i am into straightening and welding of buses. That is the field that i specialize .
I am also into muddling of burglar proof{security guard} for home windows and doors too.
I choose to master in straightening and welding of Mini buses because most schools ,colleges and businesses in my community use this buses as their main means of transport. Again working on this mini buses us difficult so most straighter do like doing it. I addition most owners of mini buses send their cars to sunyani and kumasi different towns for repairs so i intended to master that area. Actually my capital is small and i need money to buy tools and equipment to expand my business. I would like to use this platform to appeal to lenders invest in my business to enable me to engage more youth who which to learn this trade and also get more tools and equipment to expand my shop too. if i am given $250 a week i can make $50to$ 65 profit per week since people rush in with their buses due to the nearest and quality services provide.
This will also help my people to reduce the cost involve in towing their buses to different places outside my community . Upon getting the loan, i will buy welding rods, metal plates and machine to replace the old one.
i assure you to use the loan for this purpose to facilitate the growth of my business. I plead with lenders to give consideration to my application. i know when i get this my profit margin will increase an can generate a minimum of 40% profit within a week.
Loan Proposal
The loan if granted, will to help me to purchase filing machine, drilling machine and welding holder{ ie rod holder} since those ones that i have there are aged and also these machines are the immediate ones i need.
the prices are;
filing machine ; $70
drilling machine ; $66
holder ; $10
though there are others but when i get these ones immediately i can work with it and increase my profit margin to a minimum of 35% . This will also enable me to provide quality services. in addition the street boys will also be given the chance to engage in learning the trade at a reduce cost since the machines will be available and they will not buy their own.
Feedback
Positive
3
Neutral
None
Negative
None
Loan Info
Project Type
Classic Loan
Disbursed amount
$100.00
Date disbursed
May 7, 2015
Repayment status
On Time
Projected term
6 weeks
Other loans
Lenders
Fontvielle, Monaco, Yemen
United States
Ask Ebenezer a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.
Loading...