Expand stock for my electrical shop

Amankwah

Kumasi, Ghana

100% repaid

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How it Works

Entrepreneur

Name

Amankwah

Member since

August 2020

On-time repayments

21 installments • 57%

About Me

Amankwaa Isaac is my name am 25 years of age.I come from Offinso Namong but I stays at Kumasi bantama.I attended school at Namong primary and junior high school (JHS)and completed my senior high at DWAMENA AKENTEN SENIOR HIGH (DAHSS).

My Business

I have established my own electrical shop which comprises bulbs,wires,fun, extensions,metre board etc. Previously, I was able to receive amount of 50.00 Ghana cedis per week as my profit. But since I joined zidisha loan program, with the loans they gave me have really helped me to receive an amount of 300.00 per week as my profit. I have made judicious management of the loans I invested in the business. Through that I am consisted in my back payments.

Loan Proposal

With this loan, I have planned to use it to expand my electrical shop. I am Isaac from Offinso namong in Ashanti region. My father died at age of eleven and after my secondary school, I found it difficult to continue my education due to financial constraints. Due to that I w decided to embark on small business which already established at Namong. But the issue is, I find it difficult to fill my electrical shop with all the needed materials which can enhance me to reach the expectation of my customers. Now, I am applying for this loan in such a way that I can fill my electrical shop with all materials that my customers used to asked about.
I'm extremely grateful for the first loan you gave me.

Income Source

It is true that during this pandemic, many business faced more challenges and even some collapsed from the system due to many constraints they faced. But I really hope that I can do a lot with the loan without any fear. I can also repay my loan as l have already done on my first loan. The only thing we need to know is that through hard working and determination. So with my first loan I have started fill my electrical shop with more materials and I hope that with more loan it will help me to maintain my customers to continue buying and do business with me. With this and God's grace, I hope that I will not see my business in any bad situation at all.