Entrepreneur
Name
Yaw
Member since
March 2017
On-time repayments
74 installments • 28%
About Me
As a young boy I was not that brilliant type but I was gifted with repairing machines. I had hoped I will continue to the tertiary after senior high but I didn't have that opportunity. I taught I could do something meaningful by learning something. I had to walk almost five kilometres weekly for two years to learn a how to repair motor since I didn't have means to buy a bicycle. I knew that since I was the first to learn how to repair motor I will stay in my town rather than to go else where. The land here is very fertile and people here are very kind too. My children would want to be any profession they dream of. I enjoy handball very much and I enjoy seeing school pupils play the time they have games.
My Business
I repair motorbikes. Its useful because people here farm a lot and they need motorbikes to help them and since there is nobody here who repairs their broken down motorbikes I felt I should learn it and help help. The cost includes buying tools, shop and materials. Revenue includes charging people for services I provide by inflating tyres and repairing broken down parts. I reinvest part of my profit and also use the rest for bread and butter
Loan Proposal
I want to sell engine oil. One litre costs about 4 dollars. So with this loan i will be able to buy at least five quantities for a start. Since I am selling engine oil alongside repairing of motorbikes I expect to get at least 50 cents on every litre I sell. It takes at least one month for someone to change his oil for new one. I believe in doing something rather that sitting idle
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Loan Info
Project Type
Classic Loan
Disbursed amount
$15.00
Date disbursed
Jun 5, 2017
Repayment status
Late
Projected term
14 months
Other loans
Lenders
United States
Jake Gibson and Beverly Picardo
San Francisco, United States
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