To help pay my brother's tuition & residence-hall fees

Benjamin

Tarkwa, Ghana

54% paid forward

Entrepreneur

Name

Benjamin

Member since

May 2015

On-time repayments

340 installments  •  90%

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.

Project Proposal

The amount that would be raised from this loan facility shall be used to foot the tuition and residential bills of my younger brother at the university. My younger brother is pursuing a Bachelor of Science degree in Geological Engineering at the University of Mines and Technology. Successful funding of this loan will help him complete this undergraduate program and become the geologist that he is aspiring to be. Additionally, this loan facility shall ease the burden that would have been placed on me in the payment of his school fees and also accord me the breathing space to use my profits to reinvest and expand my business. I would appreciate it immensely if this loan can be funded within the shortest possible time. Thank you in advance for your support. I appreciate!

Feedback

3

None

None

  • David    Nov 5, 2018

    After making many small payments for over a year, Benjamin paid the final third of the loan with a single payment. I'm pleased to have been able to help.

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Project Info

Project Type

Pay It Forward

Disbursed amount

$876.00

Date disbursed

Jan 4, 2022

Backers

F

FHult

Stockholm, Sweden

Tavin

Ottawa, Canada

Cloudways

Malta, Malta

ads68

Melbourne, Australia

L

Liz

Nowra, Australia

B

bscent

Hong Kong

Vesa

Helsinki, Finland

Tanya

Nelson, New Zealand

Dave Bogard

New York, United States

Franmiguel

Perth, Australia

R

Robert

Berlin, Germany

Kevin

San Francisco, United States

I

Ian

United Kingdom

Carla

Amsterdam, Netherlands

Nancy

Mwotot-kapenguria, Kenya

Isabella

UK, United Kingdom

RV

Rob Van Dam

United States

Aran Dunlop

United States

Paul Smithson

Leeds, United Kingdom

SS

Steve Smith

Winchester, Ma, United States

I

ixeldog

atlanta, United States

Ed

Howells, United States

Ren

Minneapolis/StPaul, United States

JH

Joseph Hwang

Houston, United States

A

Alex

United States

J

Netherlands

Shervin

San Francisco, United States

Peter Collins

Darmstadt, Germany

RB

Randee Bowder

United States

EN

Edward Neegan

United States

J

John

Minneapolis, United States

CL

Caleb Liu

United States

V

Vic

Finland

MC

Mike Cormack

Vancouver, Canada

Black and White Zebra

Vancouver, Canada

K

Karafa

United States

EG

Erik G

Switzerland

A

Anonymous

United States

Stephan

Dublin, Ireland

Babbitt Family Foundation

Reno, United States

M

Mirko

Yugoslavia

CG

Chris Greene

Birmingham, AL, United States

RL

Robert L

United Kingdom

W Phil Ratcliff

Columbus, United States

EP

Erase Poverty

United States

Anita

Accra, Ghana

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

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  • Benjamin    Jul 23, 2022

    Please I am not in a position to pay the installment amount due for this month.

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  • Benjamin    May 24, 2022

    Please I can't afford to pay the installment amount due.

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  • Benjamin    Apr 23, 2022

    I’m not in a position to pay the installment amount due.

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  • Benjamin    Mar 9, 2022

    I am not in a position to afford the installment amount due

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  • Benjamin    Feb 16, 2022

    Please I can't afford to pay the installment amount due.

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  • Benjamin    Feb 5, 2022

    Please I'm not in a position to pay the amount due.

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  • Benjamin    Jan 5, 2022

    Please I want to confirm that I have received GHS 4,628 in my MOMO account as the loan amount that I applied for in my proposal. As stated in the loan proposal, this amount shall be used to cater for the school fees of my younger brother at the University. My heartfelt appreciation to everyone that supported me in raising this loan especially Isabella. May we all be blessed.

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  • Benjamin    Jan 3, 2022

    Wow, that was fast. Thank you Zidisha family for helping me raise this loan facility successfully. I am especially grateful to Isabella for funding this loan in a timely fashion. I appreciate it. As stipulated, funds from this loan shall used to defray the cost of education for my younger brother for the 2022/2023 academic year. Once again, I want to thank everybody that contributed to the successful realization of this project.

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  • Benjamin    Jan 2, 2022

    Once again, happy new year to you my cherished lenders. I'm eternally grateful for the immense support you gave when I last made a new loan request. I was able to successfully pay the tuition and residential fees of my younger brother who is studying geological engineering at the university. I am once again knocking on your doors to help me raise another load facility to defray the cost of his tuition and residential fees for the 2022/2023 academic year. 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. God bless us all.

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  • Benjamin    Nov 4, 2021

    I’m not in a position to pay the amount due.

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  • Benjamin    Sep 15, 2021

    Installment amount is on the high side

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  • Benjamin    Sep 7, 2021

    Please I'm unable to pay the amount due

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  • Benjamin    Jul 22, 2021

    Can't afford to pay the amount due.

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  • Benjamin    Jun 19, 2021

    Lack of funds

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  • Benjamin    May 12, 2021

    Unable to pay the amount due.

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  • Benjamin    Apr 13, 2021

    I'm not in a position to pay the current installment amount.

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  • Benjamin    Feb 28, 2021

    Can't pay the current installment amount.

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  • Benjamin    Jan 25, 2021

    I'm paying what I can afford at this moment

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  • Benjamin    Dec 12, 2020

    Unable to pa the installment amount due.

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  • Benjamin    Nov 4, 2020

    I am not in a position to pay the amount due

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