Entrepreneur
Name
Jacob
Member since
July 2020
On-time repayments
27 installments • 48%
About Me
I am Jacob Galbah-Nusetor from Ghana. I am a university graduate and I work for a pharmacy in my country as an Accountant. I have the vision of establishing a Polytene bag manufacturing business. I have started on a very small scale using the foot pedal rubber cutting and sealing machine.
My Business
Currently I buy the rubber roll from other manufacturers and use the foot pedal machine to cut and seal for customers. I can produce very few pieces compared to the demand. I want the automatic cutting machine to meet up with demand. I currently support my business from my salary which is not enough as manufacturers want me to order the rolls in large quantities before they produce.
Loan Proposal
The loan will basically be used to buy raw materials for the production of polythene bags for the consumers
Income Source
Given that the business conditions are unfavorable making payment difficult I will fall on my monthly salary to pay off the loan
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Loan Info
Project Type
Classic Loan
Disbursed amount
$133.00
Date disbursed
Dec 18, 2020
Repayment status
On Time
Projected term
2 months
Lenders
Jake Gibson and Beverly Picardo
San Francisco, United States
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