Entrepreneur
Name
Ampaabeng
Member since
August 2017
On-time repayments
124 installments • 19%
About Me
I am a young self respected man and very industrious. i am into general merchant and deals in household supplies,poultry feeds and electronic satellite TV retail.i have tried so many times but very difficult raising funds to grow my business and at a point i secured a bank loan and i was only able to pay the money back by selling a piece of plot my father gave me because of the high interest on the loan. i have lived my whole life in my community with my family and been trying to make ends meet so as to provide for my family. i was selling dog chains to raise money to start a business but mostly unsuccessful. i started my own business when i meet some people who were working on satellites so i joined their team so from that i was able to start selling satellite TV decoders one by one.. my people are very friendly and hard working and i want to build a very large business empire so that my children will take over when they grow up. i love walking,reading,movies and cooking
My Business
I am into the sales of satellite TV decoders and Dish on retail basis and also supply household supplies like the various kinds of cleaning equipment's. you know in recent times the advancement in technology has made the demand for pay TV and free on air TV very demanding so as soon as i have them in stock i do distribute them to the ready market in my area and also there is a high demand for house cleaning materials but it is mostly shot in supply here in my city so i tried going into supply and it is really moving but its difficult to buy more since i don't have the finance. i chose this two kind of businesses because i have the desire in working with satellite because aside the profit i will get from it,it would also help to expand my knowledge in technology and also there is a ready market for the house cleaning materials so i want to get into them to make profit and also expand my business.the typical cost for both areas of business is ¢gh1500 and i am able to raise more at least 250 from each sales i made and i use my profit in looking after my family and also reinvesting part. i also support the local childrens home in my city and i also use some to improve my life also.
Loan Proposal
hello lenders l thank you very much for helping my business grow to this far and may the almighty God bless you abundantly . please lenders with this loan l be able settle the school fees of my daughter thank you for reading .
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Loan Info
Project Type
Classic Loan
Disbursed amount
$64.00
Date disbursed
Feb 11, 2018
Repayment status
Late
Projected term
25 months
Lenders
San Francisco, CA, United States
United States
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