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
Positive
None
Neutral
None
Negative
None
Loan Info
Project Type
Classic Loan
Disbursed amount
$179.00
Date disbursed
Jan 18, 2021
Repayment status
Late
Projected term
3 months
Lenders
Chicago, United States
Germany
Switzerland
United States
Australia
United States
United States
United States
United States
United States
United States
Knoxville, United States
Summary
Amount repaid
$60.35
Amount remaining
$119.48
Expected completion
May 14, 2021
Status
Repaying late
Installment amount
$17.79
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Jan 29, 2021 | $0.00 | ||
| Feb 5, 2021 | $0.00 | ||
| Feb 12, 2021 | $17.79 | Feb 18, 2021 | $17.79 |
| Feb 19, 2021 | $0.00 | ||
| Feb 26, 2021 | $0.00 | ||
| Mar 5, 2021 | $17.79 | Mar 14, 2021 | $17.79 |
| Mar 12, 2021 | $17.79 | Mar 14, 2021 | $17.79 |
| Mar 19, 2021 | $0.00 | ||
| Mar 26, 2021 | $0.00 | ||
| Apr 2, 2021 | $17.79 | May 4, 2021 | $6.98 |
| Apr 9, 2021 | $17.79 | ||
| Apr 16, 2021 | $17.79 | ||
| Apr 23, 2021 | $30.00 | ||
| Apr 30, 2021 | $14.30 | ||
| May 7, 2021 | $16.05 | ||
| May 14, 2021 | $12.73 | ||
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