To improve my stock

Evans

Ofankor, Ghana

100% repaid

Entrepreneur

Name

Evans

Member since

August 2018

On-time repayments

3 installments  •  67%

About Me

Am Evans Amankona from Ghana. I graduated from tertiary education in the year 2015. With experience in Accounting related coarse.

If you have there ergo to fight hardships it's easy but in Africa it's a very stressful and none is ready to eradicate this problem to help the youth and thanks to Zidisha microlending our problems will be a thing of the past. I overcome hardship by engaging my service into hard labour in doing classified jobs. i knew the only way to run from your fears is to meet them so I met my challenges and surely it has helped me grow from being naive on the business field to someone with foresight.

I got my starting capital from the proceeds of my youth service and little savings from my numerous jobs which I usually do.

As Ghanaians we are unique people with integrity and very humble in our communities and we're not exception. We have good landmarks with a lot of hardworking people trying to make a leaving at by doing any job to make ends meet.


My children in the future will be happy to see a happy and hard working family who is will to provide for family and community.

Am mostly indoor so I prefer playing draft and 'oware' which deals with a lot of thinking and it helps me generate the mode of my business.

My Business

I provide electrical gadgets to them community. With energy there's the need to get better and good service to curb the cost.

Since the cost of leaving is very high I saw it better to acquire affordable and quality to gain value for money.

My motive was how can we reduce the hight cost of electricity bill and others so I decided on energy saving bulbs.

The cost is about thousands of dollars but for now I've less than $3000 dollars which I found it difficult to need the demands of the people.

All profit being reinvest to achievethe desire amount . Thanks to Zidisha there's hope in Achieving the target amount which is $10000.

Loan Proposal

With an amount of $11 dollars I'll buy energy saving bulbs which is very efficient and effective for home use and with $11 I can buy 11 of them with a peace cost a dollar.
The benefits are numerous to myself and the community. I'll be able to increase the quantity I used to buy and my community will benefit from moving longer distances to acquire one which comes with a cost .
At least I get 10% profit per bulb with will be $1.1 per bulb and it's very good when am able to match my demands of which I can be selling 25 bulbs a day.

It increases 10% each time so with my target I can double my capital base within a year.

Feedback

None

None

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Loan Info

Project Type

Classic Loan

Disbursed amount

$10.00

Date disbursed

Aug 20, 2018

Repayment status

On Time

Projected term

1 week

Lenders

KJ

Karin Joy

Philadelphia, PA, USA, United States

MM

Mac McKiva

United States

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  • Evans    Sep 3, 2018

    The loan will be used to purchase energy saving bulbs.
    The loan help me in improving the quantity of stock I have in the shop. Moreover it helps the community from going through longer distances to acquire these bulbs.
    There's an increase of 10% of the items procure.
    My earnings have been reinvested to acquire the quantum of stock needed.
    with the loan I've been able to improve the stock and the profit is helping me to see progress of the loan given and it's better all engaged in Zidisha microlending for a betterment of their microlending to expand business.
    The holidays was an annual camp meeting for our various fellowship within the district and it was song ministrations. It was awesome.

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