Tuition fees for my sisters

Abubakari Amadu

Kumasi, Ghana

100% repaid

Entrepreneur

Name

Abubakari Amadu

Member since

July 2016

On-time repayments

158 installments  •  75%

About Me

I write to respectfully apply for a loan to assist me finance the tuition and related cost of study of my two junior sisters who are pursuing their Senior High School education. Both of them are pursuing a study in General Arts at Islamic Senior High School-Kumasi and are in their first year. This has been necessitated by the fact that I have been handed the responsibility of taking care of their educational both parents of ours are smallholder farmers and are aged and hence are not able to generate enough money from the farming activities to support expenses. I am responsible for the funding of the educational expenses of my siblings, who are four (4) in number.

My Business

The main source of my income is from salary I receive from my employers. This implies that the principal source of repayment for this loan would be from proceeds from my salary. My salary basically finances my living expenses, the educational expenses of my siblings and a savings towards a postgraduate study.

Loan Proposal

I write to apply for loan amount of GHS2,799 to support the tuition and other related cost of my two sisters who are in their final year in high school. They are sitting for the West African Senior School Certificate Examination which started on April 1 2018. A final payment for their tuition fees is due for the period of April 16 to June 15 2018. Both are pursuing a course in General Arts. This will aid in their studies and propel them to achieve their dreams of becoming a Lawyer and a Development Economist. This will ultimately let to them assisting with the development of Ghana and the globe as a whole.

Feedback

1

None

1

  • Romesh Fernndo    Feb 12, 2022

    Repayments not received for many months

    Log in to reply • Share
  • Dixie Davis    Aug 15, 2018

    I am so happy to be helping fund the education of girls who aspire to careers. Please give your sisters my best wishes. And blessings on you for paying for their education! Can you show a picture of your sisters?

    Log in to reply • Share


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Loan Info

Project Type

Classic Loan

Disbursed amount

$620.65

Date disbursed

May 10, 2018

Repayment status

On Time

Projected term

12 months

Cost to entrepreneur

Service fee: $17.47

Credit risk payment: $70.02

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