Entrepreneur
Name
Bismark
Member since
June 2018
On-time repayments
7 installments • 86%
About Me
I am the first among five and from a God fearing family. I am an intelligent and clever both in school and in the business community. I had every support I needed in my early childhood days but everything changed when my dad went in for another woman.
Things became so difficult that I had to sell SIM cards and credit cards on the street to take care of my family. I was saving to start something on my own and I had a help from an old friend who supported me financially.
I moved from Kumasi to stay at Kintampo because it's a developing town with lot of opportunities. Kintampo is a farming community where most of the educated still farm on part time. After some time I realized most of the people had started building and so I decided to start selling building materials. I would also love to sell farming tools and equipments since farming is like a culture here. I am not married at the moment and have no kids.
My Business
Kintampo is a developing town where most are now building so building materials are the items most people buy so I sell building materials like oil paints and emulsion paints. I also sell nails of all inches and sizes. I sell pick axe and shovels. I have also started asking about cement sales since that is what the people buy most but I can start now since it demands a lot of money so I have decided to attach wood selling to raise enough capital to start the cement business.
Loan Proposal
I would buy more wood for building houses and for roofing the houses as well. The demand for wood from building contractors is high so I would buy more wood so I can supply all my customers. I would use the profit to maximize my shop and help fund my siblings education. A 2 by 8 board cost 3 dollars and it's sold for 4 dollars. A 2 by 6 board cost 2 dollars and it's sold for 3 dollars. I expect 10 percent profit increase
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Loan Info
Project Type
Classic Loan
Disbursed amount
$19.00
Date disbursed
Aug 13, 2018
Repayment status
On Time
Projected term
2 weeks
Other loans
Lenders
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Julie Sep 22, 2018
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