A loan to buy some fuel for my car
Michael
Central Region/ Kakumdo, Ghana
100% repaid
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.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$13.00
Date disbursed
Jul 18, 2017
Repayment status
On Time
Projected term
6 weeks
Other loans
Lenders
United States
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