Cornelius Nartey

Prampram, Ghana

100% repaid

Entrepreneur

Name

Cornelius Nartey

Member since

December 2013

On-time repayments

383 installments  •  17%

About Me

I am involved in designing and providing support to young entrepreneurs. I developed interest in this work when I join a community development organisation in2003. I was inspired by the sincerity and enthusiasm of the leaders as they worked passionately to drive away poverty, diseases and corruption from Ghanaian communities. Whatever attracted me to this organisation must have a lot other volunteers from near and far. Their project teams are always composed of volunteers from different continents. They operate from a small rented office for headquarters and prefer to partner local community centers in setting up their numerous field offices.

My Business

Currently, I spend part of my day working for a non-profit I lead. The rest of the time I engage in some income generating activity - that invariably try to address certain needs.

For instance, in order to contribute to efforts aimed at alleviating the effects of water shortage in my community (which forms part MDG 7), I used my first and second loans to improve a water supply business, I started last year.

In this business, I store and supply pipe-borne water to needy families. I assist families that cannot afford water tanks and can have only a limited a quantity of water at a time. During shortages, these families have to resort to water that often comes from open holes dug in the sand of dry riverbeds, and it is invariably contaminated.
This business provides them with clean, safe water anytime, whether there is a shortage or not

Loan Proposal

We're in the dry season and water in my community has become even more scarce. Getting this new loan is very important. I would use it to purchase an additional water storage tank. Demand for water has become high these days and it feels quite sad having to turn down request when stocks finish before our next supply date. When I get this loan, I would be able to give my customers clean, safe water, whenever they need it and this would protect them from diseases and and keep them healthy.

Feedback

5

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Loan Info

Project Type

Classic Loan

Disbursed amount

$1,250.00

Date disbursed

Jan 17, 2014

Repayment status

On Time

Projected term

7 months

Cost to entrepreneur

Lender interest: $1,250.00 at 8.85% annual rate over 7 months = $63.82

Service fee: $9.24

Lenders

S

SueB1

Los Alamos, United States

Tilius

Oslo, Norway

Rdcmole

Cincinnati, United States

MaxEmerika

Sonoma County, California, United States

M

m_dennis

Toronto, Canada

A

awecz

Prague, Czech Republic

B

Bavarian

Bavaria, Germany

T

tonilends

catalonia is not:, Spain

B

Bouwina

Rotterdam, Netherlands

M

Mårten

Inden, Switzerland

G

Goodwill

Oakland, United States

F

Flemming

7430, Denmark

analinjsaturria

Shanghai, China

Sverre

Bergen, Norway

M

mkellerman

Shanghai, China

joaoferraz

RINCHOA, Portugal

W

Walter01

Kingston, Canada

Hedwich

Gorssel, Netherlands

Sarasota

Sarasota, Fl, United States

C

CZC

Lake Zurich, United States

C

cranejoad

cazenovia, United States

H

Haavard

Bergen, Norway

C

Clben7

Cincinnati, United States

Scotts5320

New York, United States

A

akshu71

Ottawa, Canada

D

dcb1987

Chicago, United States

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

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