To expand my clean water distribution service

Stephen

Berekum, Ghana

68% repaid

Entrepreneur

Name

Stephen

Member since

April 2015

On-time repayments

125 installments  •  23%

About Me

I am Gyan Stephen, a young Ghanaian who started my basic education at Berekum Grace primary school. I then continued to Berekum Senior High School and completed in 2009. I am the eldest of four with two of my junior brothers currently at the Senior High School. I have graduated from the Professional Institute where I studied professional courses in customer services and sales and marketing at Accra. After my graduation, I decided to set up a water production and distribution company with my uncle who offered Chemistry at the Kwame Nkrumah University of Science and Technology in Kumasi. I started this company to generate a little income to help my mother take care of the younger ones. She is truly a hard working woman and I thank her for whatever she has done for me but I feel it is time for me to fend for myself. My people are kind and care for each other. I like watching football and also reading books.

My Business

At the company, we manufacture filtered water and sell to customers around and far from the area. We have wholesale and retails. The water we manufacture is really needed for healthy growth. The demand for the water is very high because people require water each day. It is essential to the body and helps the body carry out so many life processes. I chose to do this type of business with my uncle because I realized that my community lacks clean source of water. There are so many water wash diseases in the community since the access to water is not enough. Also I chose this business to raise some funds to help my family and some needy ones in the community and the whole region as well. We don't spend much each month since this is a start-up company. Apart from the heavy machines we use, each month, we spend about close to $400. Right now, we are doing reinvestment so we don't save all the money. We generate profit though. We have decided to reinvest the profit we get from the expansion of the company when the loan is given to us. Thank you.

Loan Proposal

Thank you for my first loan. After graduation, I have set up a water production and distribution company. It is a new company though. When I am given the loan I have requested, I will buy more sachet rubbers, hire enough workers, hire tricycles normally called motor King in Ghana, and filter, and membranes. These will cost around $600 to $700 so I will support it with the little that I have been able to raise. Since there are so many remote areas here, I will first buy the motor King so that I am able to supply the areas where the heavy trucks cannot go. It has been reported that most of my are ill due to cholera so I have decided to make it my responsibility to provide them clean and safe water. This will help reduce the water washed and water borne diseases in the community and provide healthy growth. The loan will increase my profit by about 30% and also help my people in the area. Thank you.

Feedback

None

None

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Loan Info

Project Type

Classic Loan

Disbursed amount

$285.00

Date disbursed

Sep 21, 2015

Repayment status

Late

Projected term

25 months

Other loans

Lenders

H

hilde

seattle, United States

W

WinWinNL

The Hague, Netherlands

KrautFunding

Hamburg, Germany

Voscke

Utrecht, Netherlands

MW

Matt Willis

United States

Lou Kaucic

Sanbornton, NH, United States

KO

Kevin OBrien

Denver, CO USA, United States

Taylor

United States

wissam

Jeddah, Saudi Arabia

Jonathan Ely

Aldershot, United Kingdom

A

avangalen

Netherlands

T

TerrySchneider

United States

Ask Stephen a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.

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  • avangalen    Feb 1, 2016

    Not much news here.
    Maybe a volunteer mentor can leave a message on what's happening?
    To bad that an increasing amount of my loans are not being paid back without any information. It's not encouraging ...

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  • Stephen    Oct 19, 2015

    I am sorry i have not been able to pay my repayment on time. My phone has been stolen. I will pay immediate when the sim card replacement go through. Thank you very much for your support

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  • Stephen    Oct 10, 2015

    I am sorry i have to reduce my repayment installment. Market has been slow oflate because of the rains. I will increase it as soon market stands. Thanks for your help. The loan has help me alot

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  • Stephen    Sep 28, 2015

    My dear lenders,
    I thank you for the loan you gave me. I have received the money and as I said I will use it to buy the chemicals, the filters, sachet rubber and other important items. Thank you for your generosity.

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  • Stephen    Sep 18, 2015

    I am so excited this evening. Thank you my lenders for your help. I will use the loan to buy filters, sachet rubber for packaging, hire a motor king for distribution, chemicals such as chlorine for treating the water, and hire some people to distribute the water. I will produce safe water for my people to help promote healthy growth in the community. I am so grateful for your help.

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  • Michael    Sep 16, 2015

    All the best, Stephen.

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  • Daniel    Sep 9, 2015

    Well done Stephen. Congratulations for repaying your loan.

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  • Stephen    Sep 8, 2015

    Thank you very much for funding my first loan. Now that I have graduated, I wish you help me expand my company when I apply for my second loan. Thank you

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  • Stephen    Aug 31, 2015

    Please Why does it take so long for Zidisha to credit the account of a person after payment. I have made a payment on Thursday yet Zidisha has gone ahead to send me a message on Sunday that I still haven't made that payment.

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  • Stephen    Aug 27, 2015

    I am so sorry for the late repayment. I hope my apology be accepted. Thank you.

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  • Stephen    Aug 15, 2015

    Thank you very much for the loan. The laptop i bought with loan helped me complete my project work with ease and i am now on holidays. I appreciate your effort. Thank you

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  • Stephen    Jul 24, 2015

    Thank you very much for the loan. I am most grateful. I can now pay GHS 40.Thank you.

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  • Stephen    Jun 6, 2015

    Good day. please i will not be able to mke the nex payment on time due to the flood that occurred in Ghana this week. During the rain, i lost my phones with my sim card. thank you

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  • Stephen    May 16, 2015

    Good day. Thank you very much. I wish to inform you that I have received a loan worth GHS 377. Thank you for the effort. I do appreciate it. I am most grateful.

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