To expand my provisions business

Jocab

Cape Coast, Ghana

100% repaid

Entrepreneur

Name

Jocab

Member since

February 2021

On-time repayments

17 installments  •  24%

About Me

My name is Jacob Andoh I live at Brafoyaw, I am single and I have my store and I have eight siblings and I am last but one three male and four female I completed my junior high school at Brafoyaw A. M. E. Zion junior high school but due to financial situation I couldn't continue my education and I turned it in business. my provisions store was started by my late mother and my eldest brother in 1988 it was the first provisions store in our community with a wooden structure and at the time business was very good and my mother and my senior brother's management was a very perfect using the profit to take care of the family and my father was a great defender of the family supplyied food for the family because he was a farmer and I thank God he is still alive with the age of 95 years now and after my mother dead things started going down because my senior brother work hard to get his shop so my other siblings did not take care of the shop until they handing over the shop to me because I am the last male child in our family and they said because of my situation I couldn't do any hard work except taken care of the shop because I have gone for surgery 4times and since I take over the shop thing was not bad because previously It was a wooden structure but now my hard work has turned the to container shop and now I am looking for a spouse which will help me to grow the business well in future my hobby is watching football matches.

My Business

I sell all kinds of home supplies, pastries bakeries, and another foodstuff and the business is not bad at all again the area is very very good for my business and now due to the high price in home supplies my earning is not stable.

Loan Proposal

I am a shopkeeper, I sell provisions, pastries and bakeries and other foodstuffs, the reason am proposing for assistance is to boost my business, even though my shop is quiet ok but due to high cost of demends, am not able to meet everyone's satisfaction this is due to inadequate fund to Expand the business. I hope with this support there will be a great impact in my business. Thank you.

Income Source

As government has given us a protocol and we are observing and I am very sure that at the end of the day every one will eat, so earn the money to pay back is not a problem.

Feedback

None

None

None

Loan Info

Project Type

Classic Loan

Disbursed amount

$62.00

Date disbursed

Feb 10, 2021

Repayment status

On Time

Projected term

1 week

Lenders

R

Ru

New York, United States

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  • Jocab    Aug 18, 2022

    Gradually my debt is coming down but my business capital is not enough that is why my loan is not paying in full.

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  • Jocab    Aug 11, 2022

    Things are going well but my income is not stable and what I earned in a week is helping me now to clear my debt I don't have some of the home supplies and if I get any opportunities to get more items it helps me to clear all my loan.

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  • Jocab    Aug 4, 2022

    Because of the High prices of home supplies, my daily income is not stable these days but one day everything will change for me to clear all my debt.

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  • Jocab    Jul 8, 2022

    Hello, my lender's it a long time for me to make a payment and it is the long last God has given away for me to make a payment business is not bad although all items have been increased. now regular payment will come.
    Thanks for your patience.

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  • Jocab    Dec 16, 2021

    Now the business is moving gradually but my capital is not enough to get more profit to complete my loan now but if any opportunity comes I clear all my debt.

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  • Jocab    Dec 3, 2021

    Hello my lenders I very sorry about my defaulting it was not deliberately act, some pass month ago I was encounted a big problem concerning my provision shop some area boys which are not in our community broke my shop to steal my goods including my Android phone since then life has become very difficult for me and I told my inviter to let you know what is going on but you told me I should go to Cafe to make weekly payments but I didn't because my earnings cannot make a weekly payments because the shop is empty but God so good now things are moving bit by bit and last two weeks I made a partial payment.
    Thanks for your patience.

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  • Richard    Dec 2, 2021

    Jacob has promised to pay as soon as business gets back on track

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  • Asante    Oct 28, 2021

    I got Jacob and has promise to pay soon

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  • Asante    Sep 18, 2021

    Jocab is not picking calls and sometimes his phones are off

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  • Asante    Aug 11, 2021

    Jocab said he is trying as much as possible to settle debt

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  • Asante    Jul 10, 2021

    Jacob said he was facing financial constraints and will pay very soon.

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  • Jocab    Jun 20, 2021

    I will surely bounce back to pay.

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  • Jocab    Jun 20, 2021

    Things are moving wrong with my business and I hope I will bounce back to pay all my debt.

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  • Asante    Jun 7, 2021

    He said things are hard these days and we share idea on how is going to reduce installment to enable him pay all

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  • Jocab    Apr 15, 2021

    My costumers demend has become so high and my income has reduced due to low capital of my business I can't afford to buy more items because my capital is low that is while I reducing my payment so that the earning I get can pay back until complete my loan arrears.

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  • Jocab    Mar 17, 2021

    Good evening to all my lenders and I have received my loan which is 862 after deduction I thank you very much.

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  • Jocab    Mar 16, 2021

    I thank you all my lenders for your help and I will use it for what I said.

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  • Jocab    Mar 16, 2021

    My previous loan has helped him to sustain some of my costumers because previously I don't have some of items but because of your support has really helped me a lot God bless you all thanks.

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  • Jocab    Mar 8, 2021

    Good evening to all my lenders and I went to inform you that I have received my loan which is 661 after deducting and if has helped me I thank you all God bless you good night.

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