A loan to buy some fuel for my car

Michael

Central Region/ Kakumdo, Ghana

100% repaid

Follow Michael

How it Works

Entrepreneur

Name

Michael

Member since

July 2016

On-time repayments

35 installments • 57%

About Me

I am Michael Agyapong from Kakumdo in the central Region and I am twenty three years of age. I schooled at Kakumdo junior high school and proceeded to Cape Coast technical Institute where I studied auto mechanical engineering.
After school life was a though game so I started working as a commercial driver. I have been working in as a driver till now.
With the little amount I managed to save, I reached an agreement with my car owner and he accepted $1000 I saved and instructed me to pay the remaining on an installment.
I thing I like about my job is that no matter how bad business is I manage to get my daily sales.
Central Region is a region full of tourist sites and beautiful landmarks.
I want my future children to be prosperous.
I like football and swimming.

My Business

I drive passengers to their destination in exchange for money.
My business is in high patronage because the number of cars to people in the region is 1:120. So it's high in demand.
I chose this business because it is highly patronized.
My typical cost is $20 a day and I love it.
I save 50% of my salary which is $30 and the remaining for mentaince.

Loan Proposal

My loan will be used to buy some fuel for my car. The fuel that I can afford for my car according to the size of my loan is $11.480. The benefit it will create for me is I will be able to go to work all the time and with that I will get more income, not me alone who will enjoy the benefits but others too will enjoy some because I will them from place to the other.