To expand my retail shop

Joseph Yeboah

Berekum, Ghana

100% repaid

Entrepreneur

Name

Joseph Yeboah

Member since

March 2015

On-time repayments

31 installments  •  55%

About Me

My name is Joseph Awisi Yeboah. I live in Berekum, an area in the Brong Ahafo Region of Ghana. My house number is 204, Berenyakwa. I am 24years of age. My parents are Mr. and Mrs. Yeboah. I grew up with two siblings. I completed primary school and continue to have Senior Secondary School Certificate respectfully. I have always thought of setting up my own business to help create employment for other youths who are unemployed. As such I have set up a small business where I sell provisions to the people of Bberekum and its environs. My hobbies are; soccer and reading books.

My Business

My business is a retail shop that deals with selling food items such as,rice, sugar, cooking oil, baked products such as cakes and bread, milk, eggs, and juices. The shop is located at the central market in Berekum. I started the business about four years ago with a capital of $50. The shop serves a fairly large number of customers since it is strategically located at a junction along a busy street with many residents and passersby. The goods that I sell at my shop have a high demand since the area is residential with many low and middle income earners who need to do frequent shopping of food items to feed their families. The name of my business is "God’s chosen Shop." As such, customers have been flocking at my shop, curious of doing their shopping at better prices. Moreover, the area is dominated by middle and low income earners who are often keen to compare prices before they make their purchasing decisions. My typical costs include the cost of buying stock to re-stock the shop and also introduce new items. On a weekly basis, approximately $127 may be spent on stock and transport of the goods from the wholesalers' premises to the shop. In terms of revenue, the business generates about $300 every month. Out of this, the profit is about $173. All the profit is reinvested into the business to expand the range of products available as per customers' demands.

Loan Proposal

I have been able to fully paid my first loan and my business is flourishing ever since i had the loan from zidisha. I have applied for the next loan because the demand for other daily products in my shop has increased. I need to stock the shop with other products like soft drinks, flour, cooking oil to meet the demands of my customers. I assure you that, i will use the money solely for it purpose in other to attract more customers and help grow my business in order to repay my loan. I count on the lenders to consider this my loan application in other for me to stock my shop with some important and needy products to be able to solve the needs of the community. I hope and know that if I get this money my profit margin will increase and will be able to generate a minimum of 41% profit within a week to payback the loan.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$188.25

Date disbursed

Jun 16, 2015

Repayment status

On Time

Projected term

2 months

Cost to entrepreneur

Service fee: $4.81

Lenders

J

jobo

Darmstadt, Germany

A

Anninymouse

Southampton, United Kingdom

Dianne

Maryville, United States

D

Delph007

Den Haag, Netherlands

A

arenk

Karlsruhe, Germany

investor

Candiac, Canada

AdamP

Sunnyvale, United States

cyrus0302

San Francisco, United States

E

erozlum

Istanbul, Turkey

D

drjofleming

UK, United Kingdom

DeanDropshot

Oslo, Norway

JLadieu

Bellingham, United States

F

Fiodal

Helsinki, Finland

Raoul72

Naarden, Netherlands

I

Interfree

Dubai, United Arab Emirates

S

sirius

Lauterach, Austria

G

greenthomas

Tübingen, Germany

Zidisha

Sterling, United States

J

Johnrock702

Saint Augustine, United States

E

evanglend

Arlington, United States

rodcul

Altea, Spain

P

PeaceandLove

Morro Bay, United States

C

cjmenchaca

Austin, United States

D

dterryn

Brussels, Belgium

OliverSouthwick

London, United Kingdom

B

blahblah

Nuernberg, Germany

J

jdhowa2

Louisville, KY, United States

beverly

Vancouver, Canada

J

jjonas

berlin, Germany

EmilAsker

Lomma, Sweden

F

fisaire

Ithaca, United States

indeh

London, United Kingdom

J

Jaslogic

Castle Rock, United States

H

HildeK

Rogaland, Norway

Shasta

Erie, United States

T

toscoman

Adliswil, Switzerland

kickerofelves

Sao Paulo, Brazil

B

blue0green717

St-Lucien, Canada

Cloudways

Malta, Malta

P

penguin3694

Chicago, United States

T

the0bauman

Hillsboro, United States

B

bugsheep

Houston, United States

lorello

Vicopisano, Italy

B

BClay

Campbell, United States

ads68

Melbourne, Australia

skullyjo

Winnipeg, Canada

M

mkellerman

Shanghai, China

basicus

Cairo, Egypt

Shakid

Jingan, China

fairspirit

Utrecht, Netherlands

A

Anette

Uppsala, Sweden

L

LindsayB

Sydney, Australia

K

KnutG

Bergen, Norway

Muslim

Riyadh, Saudi Arabia

T

Travtroe

Lanesboro, United States

BF

Bob Fitzjohn

Fontvielle, Monaco, Yemen

C

caz32

chertsey, United Kingdom

Zal0m0n

Atlantis!!!! x), Mauritania

U

Ubun2

London, United Kingdom

gseletko

South Perth, Australia

P

PaddyP

athenry, Ireland

G

granite

Stanford, United States

Z

ZandC

Sacramento, United States

Lambie

Perth, Australia

Matthieu

Switzerland, France

xtrahardware

Cazenovia, United States

J

jinx83

Brisbane, Australia

DJBic

Clinton, United States

E

E

Marin county, United States

MrMichigander

Marquette, United States

H

Haavard

Bergen, Norway

B

bwitt

Berkeley, United States

M

mrjamesg

London, United Kingdom

G

GanSatya

United States

sderickson

Berkeley, CA, United States

pvilliger

Zurich, Switzerland

Matching Fund

Sterling, United States

S

spivurno

United States

S

SimonAngus

South Africa

A

ajayhk

San Jose, United States

TyWee

Manila, Philippines

W

wesbh89

United States

J

jdelaporte

United States

S

stryker75

United States

SV

sven vdk

Twickenham, United Kingdom

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