Making polyethylene bags

Jacob

Accra, Ghana

34% repaid

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

I will use the loan to buy raw materials(rubber rolls) for further processing into polytene bags for sale

Income Source

In the event that I will not be able to pay the loan from my business due to economic risk I will pay with my salary

Feedback

None

None

None

Loan Info

Project Type

Classic Loan

Disbursed amount

$179.00

Date disbursed

Jan 18, 2021

Repayment status

Late

Projected term

3 months

Lenders

T

Tallago3

Munich, Germany

C

chrisherron

Chicago, United States

Cloudways

Malta, Malta

B

bileiro

Mandaluyong, Philippines

A

AndrewC

London, United Kingdom

S

Stephan

Netherlands

Dave Bogard

New York, United States

moursund

Beaver Nation, United States

F

Frits

Rotterdam, Netherlands

AH

ajay hampapur

United States

I

isaac

United Kingdom

M

Marama

Australia

VC

Victor Chong

United States

JF

J Fister

United States

B

BRB

Australia

BP

Brian Piltz

United States

C

Camm

Australia

GF

Gammon Family

United States

R

Ru

New York, United States

C

Christopher

United Kingdom

SS

Sophia Schach

United States

B

Berend

Netherlands

TM

Toby Minton

United States

M

Micheverett72

Knoxville, United States

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  • Jacob    May 25, 2021

    Machine breakdown is my major difficulty in paying the loan but will definitely pay

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  • Jacob    May 16, 2021

    Please my machine’s breakdown is the reason for the delay. Sorry I will pay

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  • Jacob    May 9, 2021

    Please my machine is still broken down but will pay per the new plan

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  • Agbenyega    May 3, 2021

    I called and jacob told he will pay. I encouraged him to pay early as possible

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  • Jacob    May 3, 2021

    Please my machine has broken down and efforts to fixed it has failed so many times but promised to pay from my salary

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  • Jacob    Apr 5, 2021

    My machine developed a fault and it’s becoming difficult to fixed so production has been halted for a while. But almost through with the fixing and will restart soon. I promise to pay in full this month

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  • Agbenyega    Mar 30, 2021

    I called and he said he is having problems so he will pay

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  • Jacob    Mar 8, 2021

    The machine is worrying my production, now fixing it please

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  • Jacob    Feb 15, 2021

    The machine I used for producing has broken down making cash flow a little difficult

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  • Jacob    Jan 25, 2021

    Thanks a lot for the money. I will used it to purchase polythene rolls for further processing into carrying bags. Will pay as scheduled. Thanks

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  • Jacob    Jan 18, 2021

    I am grateful for funding me once again. I will use this money to buy rubber rolls for further Processing into polythene bags for sale. This fund will help grow my business. Thanks once again

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  • Jacob    Jan 11, 2021

    I really appreciate the previous loan because it has help my business in growth. Being able to pay the loan is an evidence of the growth

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  • Jacob    Jan 11, 2021

    I am grateful for the previous loan. It has help grow my business that is why I am a even able to pay the loan. Thank you a lot

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  • Jacob    Dec 21, 2020

    Thanks very much for the loan. I have received Ghc 555. I will use it to push my business forward in acquiring raw materials

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  • Jacob    Dec 17, 2020

    Thank you very much for the loan. I will use it to buy rubber rolls for cutting into carrying bags for sale.

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  • Jacob    Dec 11, 2020

    The loan has really help my business to grow steadily and also help in satisfying my growing customers base

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  • Jacob    Nov 16, 2020

    I received 616 Ghana cedis. I have used it to buy polythene bag rolls for further processing into carrying bags. I thank you very much

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  • Jacob    Nov 15, 2020

    Thanks you John Minges. I am going to buy polythene bags rolls, further process it to bags for sale. Your help has has helped me to grow my business little by little and will not be let down

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  • Jacob    Nov 13, 2020

    The loan has help my business tremendously in growth. I am grateful for the financial help

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  • (Comment deleted by author)

    • Jacob    Oct 26, 2020

      Yes I mean polyethylene and that is what I am making

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