Increase stock for my provisions shop

Christian Snr

Accra, Ghana

100% repaid

Entrepreneur

Name

Christian Snr

Member since

February 2017

On-time repayments

233 installments  •  75%

About Me

My name is Christian Ababio. I was born in Kumasi in the Ashanti Region of the Ghana some forty one years ago. My early childhood was characterized by lots of trade and commercial activities as I helped my mother move from baking bread for daily necessities to selling charcoal and foodstuffs to the local community. Watching closely how she endeared herself to meeting the daily needs of people saw a natural tendency of nursing an entrepreneurial spirit in me.

Soon after graduating, I went to the driving school to learn how to drive (I have an ambition to own a fleet of taxi cabs in the near future) since it was a requirement for my first job as a Marketing officer for a Lebanese company in the capital, Accra. I understudied how these merchants got their foothold in the sales and distribution of fast moving consumer goods, having the slogan "Your direct partner". It was after working for about five years that that I had a bright idea to set up a provision shop to provide snacks in the form of pastries and soft drinks for secondary school students very close to my house after I discovered that there was no such opportunity to make students get a bite of refreshment during break times.

One unique thing about where I live is the central point for the converging of people after the school gain popularity in it few years of establishment as well as its closeness to the main road. The culture is one of a typical Ghanaian style where people living within the locality are very civil, law abiding and have a sense of industry and patriotism.

My Business

My business started as a small provision shop in the neighborhood to provide basic household daily needs for the students and the local community.
The community is satisfied with my business venture even though some competitor's have come in but due to excellent customer service rendered I can say the business is preferred above the competition.

There is always a high demand of goods and services, hence my decision to apply for Zidisha loan to enable me purchase and increase the stock levels. The provision shop is still the main business running and I will be buying more goods like bags of rice, sugar, canned fish, canned/tinned tomatoes, vegetable oil, crates of egg etc.
I entered into this business primarily because I wanted to satisfy a need of providing snacks for the students and also to take advantage of a beckoning opportunity as a student of marketing to anticipate other needs and providing them in a customer friendly atmosphere in order to turn around the initial capital and also let my investment work for me.
Thank God my younger siblings have completed their education as a result of the immense support from Zidisha.

During the difficult months when our world economy was held to a standstill resulting from the effects of the COVID-19, the business took a nose dive and almost shut down but thank God that did not happen. Today, it has began to show signs of a bounce back. The orders for the fruit drink has started picking up as a result of the easing of the restriction and the signs are very positive it will do very well.
I am still the main distribution agent for one of Ghana's most preferred natural fruit drinks - Juudy Drink. I am now getting orders to supply some eateries and the drink continues to enjoy huge patronage from the wholesalers and retailers as well as walk-in customers.

Now, I am adding another business unit to my business lines and this loan if approved will make me invest in ORAIMO accessories. I have already secured a floor space in one of the most patronized supermarket in the capital and I will need to purchase the full assortment of the available models. This is what I intend to use my next loan, which happens to be my 9th loan for.

I remain thankful to Zidisha's humanitarian assistance for the previous loans they gave me which has really helped me get this business running. I also thank Zidisha for the immense support which has helped me pay the children's school fees and to keep the family running. In addition, I am indebted to Zidisha for the human face they approached our repayment during these months of economic difficulty as a results of the pandemic.

Loan Proposal

To purchase the following items for sale
1. 5 boxes of Exercise Books at $ 60
2. 3 boxes of Note 3 Exercise books at $80
3. 5 boxes of graph books at $12
4. 5 mathematical set at $40
5. 2 cartons of milo at $65
6. 5 cartons of milk at $72
7. Airtime (MTN, Vodafone, Airtel, Tigo and glo) at $70
8. 5 bundles of Toilet roll at $77
9. 10 crates of Pepsi Cola at at $40
10. 10 crates of Coca Cola at $42
11. 5 crates of Eggs at $19
At the moment I need $ 567 to be able to purchase inventories for my shop in bulk. This would enable me buy more stocks to satisfy the needs of my customers. It would broaden the portfolio and increase variety, giving them choice.

My Videos

Mar 8, 2021: Accessories & more

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$544.00

Date disbursed

Jul 20, 2017

Repayment status

On Time

Projected term

10 months

Lenders

PG

Paul Graham

United States

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Summary

Amount repaid

$544.46

Amount remaining

$0.00

Date repaid

Feb 12, 2018

Status

Fully repaid

Repayment History

Expected Payments Actual Payments
Jul 30, 2017 $11.98 Jul 25, 2017 $11.98
Aug 6, 2017 $11.98 Aug 3, 2017 $11.98
Aug 13, 2017 $11.98 Aug 11, 2017 $11.98
Aug 20, 2017 $11.98 Aug 17, 2017 $11.98
Aug 27, 2017 $11.98 Aug 22, 2017 $11.98
Sep 3, 2017 $11.98 Aug 29, 2017 $11.98
Sep 10, 2017 $11.98 Aug 29, 2017 $11.98
Sep 17, 2017 $11.98 Sep 9, 2017 $11.98
Sep 24, 2017 $11.98 Sep 22, 2017 $11.98
Oct 1, 2017 $11.98 Oct 6, 2017 $11.98
Oct 8, 2017 $11.98 Oct 6, 2017 $11.98
Oct 15, 2017 $11.98 Oct 6, 2017 $11.98
Oct 22, 2017 $11.98 Oct 6, 2017 $11.98
Oct 29, 2017 $0.00
Nov 5, 2017 $2.40 Nov 1, 2017 $2.40
Nov 12, 2017 $2.40 Nov 1, 2017 $2.40
Nov 19, 2017 $2.40 Nov 1, 2017 $2.40
Nov 26, 2017 $2.40 Nov 1, 2017 $2.40
Dec 3, 2017 $2.40 Nov 1, 2017 $2.40
Dec 10, 2017 $4.79 Nov 10, 2017 $4.79
Dec 17, 2017 $4.79 Nov 10, 2017 $4.79
Dec 24, 2017 $16.77 Nov 19, 2017 $16.77
Dec 31, 2017 $16.77 Nov 19, 2017 $16.77
Jan 7, 2018 $16.77 Nov 19, 2017 $16.77
Jan 14, 2018 $16.77 Nov 19, 2017 $16.77
Jan 21, 2018 $16.77 Nov 19, 2017 $16.77
Jan 28, 2018 $16.77 Nov 19, 2017 $16.77
Feb 4, 2018 $16.77 Jan 30, 2018 $16.77
Feb 11, 2018 $16.77 Jan 30, 2018 $16.77
Feb 18, 2018 $16.77 Feb 9, 2018 $16.77
Feb 25, 2018 $16.77 Feb 9, 2018 $0.72
Feb 9, 2018 $16.05
Mar 4, 2018 $16.77 Feb 9, 2018 $0.72
Feb 10, 2018 $16.05
Mar 11, 2018 $16.77 Feb 10, 2018 $16.77
Mar 18, 2018 $16.77 Feb 10, 2018 $16.77
Mar 25, 2018 $16.77 Feb 10, 2018 $16.77
Apr 1, 2018 $16.77 Feb 10, 2018 $16.77
Apr 8, 2018 $16.77 Feb 10, 2018 $16.77
Apr 15, 2018 $16.77 Feb 10, 2018 $0.72
Feb 11, 2018 $16.05
Apr 22, 2018 $16.77 Feb 11, 2018 $16.77
Apr 29, 2018 $16.77 Feb 11, 2018 $15.09
Feb 12, 2018 $1.68
May 6, 2018 $16.77 Feb 12, 2018 $16.77
May 13, 2018 $16.77 Feb 12, 2018 $16.77
May 20, 2018 $15.09 Feb 12, 2018 $15.09

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