To purchase additional shaving machines and aircondition
Augustine Ofori
Kumasi Via Breman Ugc, Ghana
100% repaid
Entrepreneur
Name
Augustine Ofori
Member since
August 2017
On-time repayments
130 installments • 88%
About Me
I am a young man of 33years married to Eunice Owusu with two children. I started life in Sunyani, I attended both primary ,high school and university in Sunyani the brong Ahafo regional capital of Ghana. I live in Kumasi, Breman UGC to be precise. I started working as a barber while I was in the high school and later developed some passion for business since it was the second job for my boss b then, so I took some experience from him with regards to the business of buying and selling. since then business has become part of me. so my core business for now barbering and retail of sandals and slippers.
My Business
The proceeds of my business comes from the barbershop and the retail business. the barbering shop I am able to make average daily sales of $25 and resale of sandals fetch me daily sales $100. my business is very lucrative that why I need financial support to expand.
Loan Proposal
This loan if granted will enable me to purchase three (3) shaving machines and one air-condition to help me conveniently execute my core duty as a barber. Because of the high weather condition in my country, it has become a necessity to get an air-condition to be fixed in my shop. Sometimes when the weather is very high clients find it difficult to come and it tends to affect sales at the end of the day. the aircindition will cost $310 and the shaving machines will cost $150.00. I will add up my little savings to the loan to purchase the above items. it will be much appreciated if my request will be granted
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Loan Info
Project Type
Classic Loan
Disbursed amount
$339.55
Date disbursed
Jun 25, 2019
Repayment status
On Time
Projected term
3 months
Cost to entrepreneur
Service fee: $10.38
Credit risk payment:
$31.15
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Victoria Sep 26, 2020
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