To finance my university education
Robert
Medie-amasaman, Ghana
100% repaid
Entrepreneur
Name
Robert
Member since
December 2017
On-time repayments
159 installments • 81%
About Me
I am 43 years old. Born in farming community in the northern part of Ghana. I lost both parent when I was 14 years old in flood disaster. I was the oldest among three siblings. I work on peoples farm to earn income to pay my school fees and also to take care of my brother and my sister. Things became difficult for me and my siblings but my one and only motivator is educating myself and my siblings so as to free ourselves from the shackles of poverty. I successfully completed secondary school and entered Polytechnic where I studied Higher National Diploma (HND) in Marketing, Where I work for myself by selling suit from office to office and town to town.
I earn little income to take care of my family by paying their school fees.
My Business
My business involves buying and selling of both ladies and men suits. I move from office to office, from one location to another, and from one town to other for sales.
Because lots of people use suit as offices wear, for church and for social activities. The demand for my type of suit is high, therefore this business is really viable.
l chose this business because it is less risky and does not involve a huge startup capital, products have longer life span compare to others.
The costs I incur are mainly in the remuneration of my two workers and transportation. In all, I incur an average cost of about GHS 650.00 per week. My average total revenue is about GHS 1400 out of which I defray the costs I incur use part to pay for the family bills.
I use my profits in paying for the education of my own children, dependents and also reinvesting back into the business and also assisting some needy students at my workplace.
Loan Proposal
I intend to use the loan to pay for my hostel and school fee
1. Payment of monthly hostel fees @ $ 100
2. Part payment of school fees for the semester @ $300
3. Buying of books for academics work @ $ 50
4.Transportation @ $ 50
5. Feeding @ $ 50
In all, I need a loan of $ 550 to do these activities in semester
Feedback
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Loan Info
Project Type
Classic Loan
Disbursed amount
$599.00
Date disbursed
Apr 2, 2020
Repayment status
On Time
Projected term
2 months
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Summary
Amount repaid
$600.00
Amount remaining
$0.00
Date repaid
Jun 15, 2020
Status
Fully repaid
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Apr 12, 2020 | $4.64 | Apr 12, 2020 | $4.64 |
| Apr 19, 2020 | $4.64 | Apr 23, 2020 | $4.64 |
| Apr 26, 2020 | $4.64 | Apr 26, 2020 | $4.64 |
| May 3, 2020 | $1.86 | May 4, 2020 | $1.86 |
| May 10, 2020 | $1.86 | May 4, 2020 | $1.86 |
| May 17, 2020 | $1.86 | May 21, 2020 | $1.86 |
| May 24, 2020 | $59.41 | May 24, 2020 | $59.41 |
| May 31, 2020 | $111.39 | May 31, 2020 | $111.39 |
| Jun 7, 2020 | $111.39 | Jun 1, 2020 | $111.39 |
| Jun 14, 2020 | $111.39 | Jun 14, 2020 | $111.39 |
| Jun 21, 2020 | $111.39 | Jun 14, 2020 | $18.56 |
| Jun 15, 2020 | $37.13 | ||
| Jun 15, 2020 | $55.69 | ||
| Jun 28, 2020 | $75.56 | Jun 15, 2020 | $75.56 |
Kathleen Coleman Mar 19, 2019
Robert May 23, 2019
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