Baah
Techiman, Brong Ahafo, Ghana
100% repaid
Name
Baah
Member since
June 2015
On-time repayments
237 installments • 47%
Hi, my name is Baah Emmanuel. I am 25 years of age. At the age of four, I lost my father. My parents were farmers so I helped my mother at the farm. I was very determined to go to school so my mother helped me little by little. When I completed Junior High School, I started a small bakery to support her. I was able to raise a little money and with the help of my mother I went to High School. I used to come back from school to work at the bakery. I saved small money by three years time and enrolled at the University. I am currently in my final year at the University and still doing the bakery business.
I bake bread and supply to local store owners and collect the money at the end of every week. I use wheat flour which cost GHS 180 per bag, sugar which cost GHS 220 per bag and margarine which cost GHS 240 per box and some other minor ingredients. Mostly I buy these items on credit and pay at the end of the week with an interest of about 19% on these items. i have to accept it because that's the only choice I have. I pay all the expenses at the end of the week and save part for the business and part for my school. I recently bought a new large oven to support the old one.
With the help of this loan, i will buy 3 bags of sugar which is $129, 3 bags of wheat floor which cost $105 and 1 large box of margarine, $120. I would have paid $30 as weekly interest if I buy these items on credit. This would amount to $120 monthly. This will boost my income to $204 monthly. I will therefore pay for Zidisha's weekly installments and save the rest for expansion of the business and my education.
Positive
1
Neutral
None
Negative
None
Project Type
Classic Loan
Disbursed amount
$246.00
Date disbursed
Jun 9, 2019
Repayment status
On Time
Projected term
8 weeks
Other loans
Ask Baah a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.
Amount repaid
$246.38
Amount remaining
$0.00
Date repaid
Jul 21, 2019
Status
Fully repaid
Expected Payments | Actual Payments | ||
---|---|---|---|
Jun 21, 2019 | $41.20 | Jun 11, 2019 | $41.20 |
Jun 28, 2019 | $2.07 | Jun 28, 2019 | $2.07 |
Jul 5, 2019 | $2.07 | Jul 5, 2019 | $2.07 |
Jul 12, 2019 | $41.20 | Jul 14, 2019 | $41.20 |
Jul 19, 2019 | $41.20 | Jul 19, 2019 | $41.20 |
Jul 26, 2019 | $41.20 | Jul 21, 2019 | $41.20 |
Aug 2, 2019 | $41.20 | Jul 21, 2019 | $41.20 |
Aug 9, 2019 | $36.23 | Jul 21, 2019 | $36.23 |
Loading...