To purchase more charcoal from producers to retailers
Prince Ofori
Techiman, Ghana
100% repaid
Entrepreneur
Name
Prince Ofori
Member since
October 2020
On-time repayments
29 installments • 55%
About Me
My name is Prince Ofori from Ghana I am at the age of 31 years old from a family of four, I am single and a self employed entrepreneur into a micro enterprise, I ventured into entrepreneurship after both parents retired from their teaching jobs infact life became very unbearable , I started with a very small capital that could only purchase a handful of bags of charcoal but I never gave up and that bold step I took has helped myself and my family in so many ways and so I would be grateful if my dear lenders in Zidisha find trust and interest in business by lending me loans to increase my capital and profit base and to also venture into other areas so I can also lend to the needy in the near future. Thank you
My Business
The name of my business is appointed time trading enterprise, which consists of buying and selling charcoal from producers to retailers which was started three(3) years ago with a start up capital of eighteen thousand Ghana cedis. I must confirm is a very good business that has increased my profit base over the years, I would be grateful if lenders of Zidisha come to my aid by lending me money to increase my capital base in other to grow my charcoal business and to venture into other areas. Thank you
Loan Proposal
I would be very grateful if dear lenders of Zidisha lend me a loan of an amount of thousand and fifty one Ghana cedis (ghs 1,051 ) to help me purchase more bags of charcoal from producers to retailers as the demand of charcoal from retailers keeps increasing on daily basis and to employ one or two employees to help get the work done and to also increase my profit margin, charcoal as it stands now is one business area that has helped micro businesses grow into larger ones due to the increasing in demand from retailers and even final consumers. I promise to repay this loan on time to keep the trust and interest dear lenders have developed in me and my business as we get along and to also lend to others in the near future. I hope my proposal will meet your kind consideration. Thank you.
Income Source
Charcoal as a a product is a perishable product and and also retailers are always readily available with money to buy anytime any day hence the risk involved is almost negligible. Thank you.
My Videos
Mar 6, 2021: Introduction to my charcoal business
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Loan Info
Project Type
Classic Loan
Disbursed amount
$183.01
Date disbursed
Nov 12, 2020
Repayment status
On Time
Projected term
4 weeks
Cost to entrepreneur
Service fee: $13.29
Credit risk payment:
$10.64
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