University tuition for my brother

Benjamin Suboni

Tarkwa, Ghana

100% repaid

Entrepreneur

Name

Benjamin Suboni

Location

Tarkwa, Ghana

On-time repayments

300 weekly installments  •  97%

About Me

Well I'm in the person of Benjamin Suboni, the fourth child out of seven children from my mother's side thus three boys, four girls. Currently my father has two wives with my mum being the second wife. In total we are seventeen children in the family having lost one at an early age. l hail from the northern part of Ghana where poverty with its ugly face is ubiquitous as the housefly. My parents are peasant farmers and life as a child was really difficult and challenging.
Formal education is foreign in my family as almost all my siblings before me either refused to go school or drop-out at an early stage or were not send to school at all. I defied all odds and used to follow one of my elder brothers to school who later dropped out. I started my education at the primary level not knowing what kindergarten or creche meant. Most times I went to school with an empty stomach but due to determination I never gave up. Initially I wanted to be a Medical Doctor in the future due to a bitter experience I had with the loss of my brother to acute appendicitis and there was no Doctor to operate him at the District Hospital but that has now changed to my ambition of being a seasoned entrepreneur. Through the ingenuity of my elder brother I learnt to be a cobbler. After school I used to go around polishing and mending people's shoes, sandals etc in the locality. From the proceeds of the cobbler business I was able to fund my education to the Senior High level and even sometimes fund my siblings education.
As of now I am a trained professional teacher and due to the numerous family demands I decided to establish this provisions store to cushion me in taking care of my family. Also with my father now old and not able to contribute much financially, coupled with my siblings at various levels of the educational ladder, the onus falls on me to take of them.
The provisions shop has been in operation for two years running but now there is the need to grow and expand it hence the need for this loan facility.Its my ambition to develop it into a supermarket one day.
As a result of my current family responsibilities it will not be prudent for me to marry now but then one day I will and when that happens I want my children to have the best of education life can offer. Never should they go through the suffering and hardships I underwent in my childhood. I love playing football, basketball and listening to music and financial news

My Business

Fundamentally I run a retail business whereby basic household ingredients like sugar, toothpaste, gari, rice, bread etc are sold to customers. These ingredients are household necessities that are in high demand hence my choice of business. Also before I established my store, customers within the locality had to commute long distance before the could acquire these necessities. Most of the times I purchase these products from wholesale outlets and retail them to customers.
Due to the exorbitant interest rates usually charged by banks vs-a-vie financial institutions coupled with bureaucratic and cumbersome processes of accessing a loan facility I started this business with savings from my meager salary. And for two years now I've managed to keep the business afloat despite the economic downturn.
Typically I make a monthly revenue of 2000 GHS with profit in the range of 500 GHS. Most part of the proceeds is usually plowed back into the business and the rest used to settle family and personal issues.
I chose this medium to acquire a loan facility due to the almost interest free, flexible payments and quickness of the loan disbursal. Parts of proceeds from the business and my salary would be used to reimburse the loan should it be granted.

Loan Proposal

Happy new year to you my cherished lender. This next loan that I'm requesting for shall be used to pay for the tuition and accommodation fees of my younger brother who is studying geological engineering at the University of Mines and Technology, Tarkwa. This loan amount shall go a long way to ease the pressure that is currently on me in terms payment of his tuition and residential fees. I would be very grateful if this loan can be funded as early as possible in order to ease the burden on me. Thank you in advance for your support.

Feedback

3

None

None



Loading...

Loan Info

Project Type

Classic Loan

Disbursed amount

$942.69

Date disbursed

Jan 24, 2020

Repayment status

On Time

Projected term

22 months

Cost to entrepreneur

Service fee: $39.29

Credit risk payment: $197.09

Lenders

A

Anninymouse

Southampton, United Kingdom

Dianne

Maryville, United States

valentin

Stockholm, Sweden

Ishaque

New Jersey, United States

HI

Highly Improbable

Saskatoon, Canada

CaseySampson

Vancouver, Canada

investor

Candiac, Canada

J

johan

Oslo, Norway

C

chkuo

Taipei, Taiwan

Y

yop324

Ottawa, Canada

P

Philippe

Adliswil, Switzerland

AdamP

Sunnyvale, United States

W

Witlof

Tsukuba, Japan

Umair Mahmood

Raleigh, United States

BelleStarr

Albuquerque, United States

cyrus0302

San Francisco, United States

E

erozlum

Istanbul, Turkey

lietu

Tallinn, Estonia

DeanDropshot

Oslo, Norway

M

minynlca

San Diego, United States

Rdcmole

Cincinnati, United States

J

JCampbell

Pasadena, United States

Rocketdrive

Eugene, Oregon, United States

artnking

College Place, United States

J

johnbireland

Dublin, Ireland

MarktheMormon

Sandy, Utah, United States

I

Interfree

Dubai, United Arab Emirates

F

faical

Cologne, Germany

L

ldron7

Utah, United States

R

rcmssr

Woodbury, United States

A

anonymus

Moon, United States

Z

zemaj

Sydney, Australia

M

markj

Camberwell, Australia

Pere

Barcelona, Spain

dsmart978

Bondurant, United States

C

cjmenchaca

Austin, United States

E

elkbrett

Bradenton, United States

helogr53

Abbotsford, Canada

Kysera

Crawfordsville, United States

T

Timotte

WOLLONGONG, Australia

HansLindgren

St. Julians, Malta

S

SelvaMarcus

Green Cove Springs, United States

HE

help each other

Glasgow, United Kingdom

F

fisaire

Ithaca, United States

T

tonilends

catalonia is not:, Spain

Cloudways

Malta, Malta

D

Dadiolafs

Vestmannaeyjar, Iceland

S

SvenWaage

Stavanger, Norway

K

keane2097

Ranelagh, Ireland

A

argos

Zurich, Switzerland

McJulio

New Jersey, United States

ads68

Melbourne, Australia

Christopher

Copenhagen, Denmark

Bhayl

Stavanger, Norway

M

mkellerman

Shanghai, China

J

Jopar

Corroios, Portugal

A

Adam3333

Hague, Netherlands

fairspirit

Utrecht, Netherlands

Gordons28

Santa Monica, United States

camilberlin

Berlin, Germany

L

LindsayB

Sydney, Australia

joaoferraz

RINCHOA, Portugal

J

jquinn373

Minneapolis, United States

BF

Bob Fitzjohn

Fontvielle, Monaco, Yemen

K

kjustad

Asker, Norway

Longhorn

Austin, United States

M

miriamg

Toronto, Canada

indrayudha

Jakarta, Indonesia

F

fundfinite

Wellington, New Zealand

GarmdGriek

Oslo, Norway

Zal0m0n

Atlantis!!!! x), Mauritania

Generaal

Antwerp, Belgium

gseletko

South Perth, Australia

mojobob

Hayward, United States

P

PaddyP

athenry, Ireland

Lambie

Perth, Australia

GuillaumeTeissier

Montréal, Canada

dmirpuri

Bangkok, Thailand

C

cranejoad

cazenovia, United States

xtrahardware

Cazenovia, United States

ShaneHeneghan

Galway, Ireland, Belgium

M

Mountainmanduy

San Jose, United States

S

Sjors

Eindhoven, Netherlands

J

jinx83

Brisbane, Australia

HealthcareProvider

Baltimore, United States

E

E

Marin county, United States

L

Lennert

Alphen aan den Rijn, Netherlands

H

Haavard

Bergen, Norway

G

GanSatya

United States

D

dcb1987

Chicago, United States

B

BobHope

United States

sderickson

Berkeley, CA, United States

B

bunturedempter

United States

A

andrewpbrett

United States

O

oonbug

United States

pvilliger

Zurich, Switzerland

W

wiwillia

Milbrae, United States

H

HoseB

San Francisco, United States

D

drorm

United States

cc5alive

Los Angeles, United States

R

Rootdet

Fairfax, United States

ScholaNatura

Czech Republic

R

richardavsmith

United Kingdom

L

lenders

United States

M

mguenter

Switzerland

B

benlenarts

Netherlands

S

spivurno

United States

M

meric

Australia

S

science4sail

United States

J

jdallatezza

United States

bb4dogs

United States

M

maverick

United States

joshuacollinson

Vienna, Austria

trincowski

Vilar, Vila do Conde, Portugal

A

ajayhk

San Jose, United States

J

jbhernan

United States

Agerfar

Aarhus, Denmark

M

madeleinec

United States

A

angelapeat01

United States

R

RonEddy

United States

P

Panda6689

United States

TyWee

Manila, Philippines

Vesa

Helsinki, Finland

D

DStateDDB

United States

W

wesbh89

United States

I

idris

United States

J

jdelaporte

United States

ThomasJosef

Berlin, Germany

Loungin

United States

Betapilot

Copenhagen, Denmark

K

KiraDee

United States

C

ColoradoSkier

Denver, United States

S

stryker75

United States

SV

sven vdk

Twickenham, United Kingdom

M

M.Umar

Pakistan

J

JeremyR

United States

R

Ruj-ura

Thailand

K

Krandor

Netherlands

Mike and Jacqui

United Kingdom

S

Stephan

Netherlands

KM

Kirsty M

United Kingdom

P

Philip

Bremen, Germany

T

TZ

Singapore, Singapore

Jeroen Decock

Gent, Belgium

Dave Bogard

New York, United States

Franmiguel

Perth, Australia

Robert

Sweden

MZ

Matt Zirwas

United States

Fred

Germany

Emma

Australia

Gabriel Fenili

Santo André, Brazil

JH

Joseph Hwang

Houston, United States

M

Mary

United States

Kelly

United States

JR

Jose Ramirez

World, Spain

TN

the noob

United Kingdom

A

Axel

Berlin, Germany

Frosty

North Pole, United States

Sayuri

United Kingdom

Ask Benjamin a question about this loan project, share news and photos of your own, or send a simple note of thanks or inspiration.

Loading...

Loading...

Loading...