Obed
Accra, Ghana
$0 to go
100% funded of $270 goal
0
days left
Name
Obed
Member since
August 2017
On-time repayments
20 installments • 35%
I am a Young Man of Age 32. I completed both My Primary and Secondary School at Teshie Nungua.
I have completed H.N.D in Mechanical Engineering with a good results. With this certificate I have worked in certain Factories as An Engineer as well as in The Telecom
Industry, where I have excelled in My area of Work.
Apart from My Profession as a Mechanical Engineer, I am involved in going to sea for fishing as well as buying and selling of Goods such as Laptops, phones and many more.
When I receive this loan I will start investing in My petty business of selling of electronic gadgets and also buying of fishing nets for My fishing business.
I am going to buy fishing nets, hooks and parts of smaller faulty parts of the boat in other that I repair those parts for a stronger boat.
As this will go a long way to help Me in catching more fish for selling offshore and make more profits.
I will buy spare parts costing about 20 dollars for repairing of My boat for stronger and more agile boat.
Also I will fishing nets with about 60 dollars and hooks about 20 dollars for the business to thrive well. I will also invest about 10 dollars in My investment account in order that I get some interest on that money, to reinvest into the business in future.
This loan will help My business have a turn around since it will help me increase My fish catch, and this will increase my income when I sell the fish.
This will also enable Me employ one or two persons to help Me in the fishing business as well as help Me in selling the fish offshore.
I am expecting My profit to increase to about 36% which will equate to an amount of about 60 dollars for the business and about 12% increase on My investment account.
Positive
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Neutral
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Negative
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Project Type
Classic Loan
Disbursed amount
$270.00
Date disbursed
Dec 14, 2017
Repayment status
Late
Projected term
3 months
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