Robert
Medie-amasaman, Ghana
4% repaid
Name
Robert
Member since
December 2017
On-time repayments
159 installments • 81%
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 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.
I intend to use the loan to part payment for my school fee
1. Payment of monthly hostel fees of $ 100 a month for three months @300
2. Part payment of school fees for the semester @ $340
3. Buying of books for academics work @ $ 120
4.Transportation @ $ 80
5. Feeding @ $ 100
6. To invest $ 200 into my clothing business as well as sales of hand sanitizer and soap
In all, I need a loan of $ 1,140 into my next activities in the semester
The effect of coronavirus on business across the continent, has made me introduced the buying and selling of hand sanitizers, soaps and nose mask into my business. Observing the WHO health protocol for COVID-19 has led to the increasing demand of alcohol base hand sanitizers, hand washing soaps and nose mask. There is a new law in Ghana that has wearing of nose mask compulsory, therefore the demand for these items are on increase, hence I can generate enough revenue to repay my loan on time.
Positive
1
Neutral
None
Negative
None
Project Type
Classic Loan
Disbursed amount
$1,039.00
Date disbursed
Jun 16, 2020
Repayment status
Late
Projected term
15 months
Other loans
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Amount repaid
$42.33
Amount remaining
$997.09
Expected completion
Sep 26, 2021
Status
Repaying late
Installment amount
$10.40
Expected Payments | Actual Payments | ||
---|---|---|---|
Jun 28, 2020 | $3.71 | Jun 28, 2020 | $3.71 |
Jul 5, 2020 | $1.86 | Jun 28, 2020 | $1.86 |
Jul 12, 2020 | $1.86 | Jun 28, 2020 | $1.86 |
Jul 19, 2020 | $1.86 | Jun 28, 2020 | $1.86 |
Jul 26, 2020 | $1.86 | Jul 6, 2020 | $1.86 |
Aug 2, 2020 | $1.86 | Jul 6, 2020 | $1.86 |
Aug 9, 2020 | $0.00 | ||
Aug 16, 2020 | $0.19 | Aug 18, 2020 | $0.19 |
Aug 23, 2020 | $0.19 | Aug 18, 2020 | $0.19 |
Aug 30, 2020 | $0.19 | Aug 18, 2020 | $0.19 |
Sep 6, 2020 | $0.19 | Aug 18, 2020 | $0.19 |
Sep 13, 2020 | $0.19 | Aug 18, 2020 | $0.19 |
Sep 20, 2020 | $0.93 | Sep 18, 2020 | $0.93 |
Sep 27, 2020 | $0.93 | Sep 18, 2020 | $0.93 |
Oct 4, 2020 | $0.93 | Sep 18, 2020 | $0.93 |
Oct 11, 2020 | $0.93 | Sep 18, 2020 | $0.93 |
Oct 18, 2020 | $0.93 | Sep 18, 2020 | $0.93 |
Oct 25, 2020 | $0.00 | ||
Nov 1, 2020 | $0.00 | ||
Nov 8, 2020 | $0.93 | Nov 5, 2020 | $0.93 |
Nov 15, 2020 | $0.93 | Nov 5, 2020 | $0.93 |
Nov 22, 2020 | $0.93 | Nov 12, 2020 | $0.93 |
Nov 29, 2020 | $0.93 | Nov 12, 2020 | $0.93 |
Dec 6, 2020 | $0.93 | Nov 12, 2020 | $0.93 |
Dec 13, 2020 | $0.00 | ||
Dec 20, 2020 | $0.37 | Dec 15, 2020 | $0.37 |
Dec 27, 2020 | $0.37 | Dec 15, 2020 | $0.37 |
Jan 3, 2021 | $0.37 | Dec 15, 2020 | $0.37 |
Jan 10, 2021 | $0.37 | Dec 15, 2020 | $0.37 |
Jan 17, 2021 | $0.37 | Dec 15, 2020 | $0.37 |
Jan 24, 2021 | $2.78 | Dec 22, 2020 | $0.93 |
Feb 11, 2021 | $1.86 | ||
Jan 31, 2021 | $0.00 | ||
Feb 7, 2021 | $0.00 | ||
Feb 14, 2021 | $0.00 | ||
Feb 21, 2021 | $0.00 | ||
Feb 28, 2021 | $0.37 | Mar 5, 2021 | $0.37 |
Mar 7, 2021 | $0.37 | Mar 5, 2021 | $0.37 |
Mar 14, 2021 | $0.74 | Mar 5, 2021 | $0.37 |
Mar 5, 2021 | $0.37 | ||
Mar 21, 2021 | $0.56 | Mar 20, 2021 | $0.56 |
Mar 28, 2021 | $0.37 | Mar 20, 2021 | $0.37 |
Apr 4, 2021 | $0.93 | Apr 8, 2021 | $0.93 |
Apr 11, 2021 | $0.37 | Apr 8, 2021 | $0.37 |
Apr 18, 2021 | $0.37 | Apr 8, 2021 | $0.37 |
Apr 25, 2021 | $10.40 | Jun 21, 2021 | $10.40 |
May 2, 2021 | $10.40 | ||
May 9, 2021 | $10.40 | ||
May 16, 2021 | $10.40 | ||
May 23, 2021 | $10.40 | ||
May 30, 2021 | $10.40 | ||
Jun 6, 2021 | $10.40 | ||
Jun 13, 2021 | $86.51 | ||
Jun 20, 2021 | $10.40 | ||
Jun 27, 2021 | $10.40 | ||
Jul 4, 2021 | $10.40 | ||
Jul 11, 2021 | $10.40 | ||
Jul 18, 2021 | $10.40 | ||
Jul 25, 2021 | $86.51 | ||
Aug 1, 2021 | $86.51 | ||
Aug 8, 2021 | $86.51 | ||
Aug 15, 2021 | $86.51 | ||
Aug 22, 2021 | $86.51 | ||
Aug 29, 2021 | $86.51 | ||
Sep 5, 2021 | $86.51 | ||
Sep 12, 2021 | $86.51 | ||
Sep 19, 2021 | $86.51 | ||
Sep 26, 2021 | $17.64 |
Kathleen Coleman Mar 19, 2019
Robert May 23, 2019
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