To pay my younger sibling school fees
Gyamfua
Berekum, Ghana
100% repaid
Entrepreneur
Name
Gyamfua
Member since
January 2016
On-time repayments
42 installments • 64%
About Me
My name is Gambia Abenaa. Though young but very serious in life, with more Zeals. I completed senior high school at Berekum Senior High School in the year 2013.I am the first born of my family. Unfortunately for me I lost my father when my first sibling was born My mother became the bread winner for a family of five. My mother is now sick and very weak. She can no more take care of her family as expected of her. This made fully ventured into real business. I now need money to pay for the school fees of my three siblings.
My Business
I now sell clothes. This business has been the source of my survival and my entire family. Though my capital is not that much but the business is running smoothly. I started selling clothes with my business partner during outer 2012.But now I have managed to do the business on my own with my own capita. I am able to raise about $450 monthly as my revenue and my weekly income is around $90. My cost of doing business is $200 I know that that with enough capital my revenue will increase.
Loan Proposal
When the loan is given to me, I will use larger part of the loan to pay my younger sibling's school fees and invest the rest in my business.I will use $140 to pay my sibling's school fees and invest $80 in my business. My sibling want to become doctor in future and that he has the vision to attend to patients. Investing $80 in my business will increase my revenue by 65%.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$200.00
Date disbursed
Jan 19, 2016
Repayment status
On Time
Projected term
4 months
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