Loan for bread sales & distribution business
Elizabeth
Koforidua, Ghana
15% repaid
Entrepreneur
Name
Elizabeth
Member since
April 2016
On-time repayments
69 installments • 62%
About Me
I am Elizabeth a mother of one and I am from Ghana in West Africa. I sell bread in my community. I grew up among four strong boys as my siblings. so I was much protected. I had a very happy childhood too. hardship and challenges I believe are for humans to solve them and I have had to endure somuch of it till today. However, I do not give up no matter what the case is . I began selling bread as soon as I completed senior high school and indications pointed that I could not further it .
it was much easy since an aunt baked it so I needed not starting capital at all. I traded on credit and paid her back later. it was profitable too and it has always so.
I like to sing and meet with friends at social gatherings.
My Business
I sell bread in my community but in larger quantities. these are part of basic food demands in my community since both the young and old eat and use it both in the mornings and in the evenings.
The profit margins are good and for that matter that is what I have been doing for more than five years now..
When I go for fresh baked bread from the bakery, after sale I do make a profit of more than 30%.
I will want to build a very small house of my own and for that matter I have already buy a land so much of my profit goes into my building project, I save small and get a part back for operations..
Loan Proposal
I will use the entire loan to go for bread but on weekly bases. I will buy the following.
Baked Bread.$400.00
Take away rubbers ..$30.00
other expenses like transportation.$20.00
This will fetch me a lot of profit. I will increase my sales and my profit will increase greatly too .
To the people of my community, there will bread available for them when and how they need it and to me it will yield me much profit and help my business stand so well.
Feedback
Positive
None
Neutral
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Negative
None
Loan Info
Project Type
Classic Loan
Disbursed amount
$541.00
Date disbursed
Oct 5, 2016
Repayment status
Late
Projected term
64 months
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Summary
Amount repaid
$83.33
Amount remaining
$456.01
Expected completion
Sep 3, 2017
Status
Repaying late
Installment amount
$20.83
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Oct 16, 2016 | $12.86 | Oct 18, 2016 | $12.86 |
| Oct 23, 2016 | $12.86 | Oct 25, 2016 | $12.86 |
| Oct 30, 2016 | $12.86 | Oct 31, 2016 | $12.86 |
| Nov 6, 2016 | $12.86 | Nov 7, 2016 | $12.86 |
| Nov 13, 2016 | $12.86 | Nov 16, 2016 | $12.86 |
| Nov 20, 2016 | $1.29 | Nov 21, 2016 | $1.29 |
| Nov 27, 2016 | $1.29 | Dec 5, 2016 | $1.29 |
| Dec 4, 2016 | $1.29 | Dec 13, 2016 | $1.29 |
| Dec 11, 2016 | $1.29 | Dec 13, 2016 | $1.29 |
| Dec 18, 2016 | $1.29 | Dec 23, 2016 | $1.29 |
| Dec 25, 2016 | $1.29 | Dec 23, 2016 | $1.29 |
| Jan 1, 2017 | $1.29 | Jan 13, 2017 | $1.29 |
| Jan 8, 2017 | $1.29 | Jan 13, 2017 | $1.29 |
| Jan 15, 2017 | $1.29 | Jan 25, 2017 | $1.29 |
| Jan 22, 2017 | $1.29 | Jan 25, 2017 | $1.29 |
| Jan 29, 2017 | $0.00 | ||
| Feb 5, 2017 | $0.00 | ||
| Feb 12, 2017 | $0.77 | Feb 18, 2017 | $0.77 |
| Feb 19, 2017 | $0.77 | Feb 18, 2017 | $0.77 |
| Feb 26, 2017 | $0.77 | Feb 18, 2017 | $0.77 |
| Mar 5, 2017 | $0.77 | Mar 8, 2017 | $0.77 |
| Mar 12, 2017 | $0.77 | Mar 8, 2017 | $0.77 |
| Mar 19, 2017 | $0.77 | Mar 21, 2017 | $0.77 |
| Mar 26, 2017 | $0.77 | Apr 4, 2017 | $0.77 |
| Apr 2, 2017 | $0.77 | Apr 4, 2017 | $0.77 |
| Apr 9, 2017 | $20.83 | ||
| Apr 16, 2017 | $20.83 | ||
| Apr 23, 2017 | $20.83 | ||
| Apr 30, 2017 | $20.83 | ||
| May 7, 2017 | $20.83 | ||
| May 14, 2017 | $20.83 | ||
| May 21, 2017 | $20.83 | ||
| May 28, 2017 | $20.83 | ||
| Jun 4, 2017 | $20.83 | ||
| Jun 11, 2017 | $20.83 | ||
| Jun 18, 2017 | $20.83 | ||
| Jun 25, 2017 | $20.83 | ||
| Jul 2, 2017 | $20.83 | ||
| Jul 9, 2017 | $20.83 | ||
| Jul 16, 2017 | $20.83 | ||
| Jul 23, 2017 | $20.83 | ||
| Jul 30, 2017 | $20.83 | ||
| Aug 6, 2017 | $20.83 | ||
| Aug 13, 2017 | $20.83 | ||
| Aug 20, 2017 | $20.83 | ||
| Aug 27, 2017 | $20.83 | ||
| Sep 3, 2017 | $18.52 | ||
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