Used engine for my taxi business

Entrepreneur

About Me

I am George K Adu Amponkuruh, a native of Wamfie in the Brong Ahafo Region of Ghana. I was born on 31st March 1959. The education of my younger siblings and I became the sole responsibility of my mother, having lost my father at a tender age.

After completing Standard Seven, I struggled to further my education on my own as three of my siblings were still in elementary school. I was lucky to enroll in the modular training programme through which I became a professional teacher.

I decided to go for further studies and as such managed to buy a taxi cab to help settle my school fees.

My Business

I am mainly involved in the Taxi business. This business has been the main backbone of my living expenses. Currently it is the same business that is supporting the education of my children. I am able to raise an income of $310.00 a month. Out of this, I use approximately $35.00 for repairs and maintenance. To me, the business is very lucrative if the vehicle is always in a good condition.

Loan Proposal

I have been able to do the body works of the taxi cap. What is left is to purchase a used engine to replace the weak one to make it as effective as before. The entire cost will be around $800.00. I am applying for a loan of $300.00 to help me purchase the used engine.

Looking at the lucrative nature of the business I would be able to afford the difference in the cost of the used engine and other parts needed.

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