Bulk purchasing of bakery products

Adwoa

Berekum, Ghana

100% repaid

Entrepreneur

Name

Adwoa

Member since

August 2015

On-time repayments

255 installments  •  25%

About Me

i am the person of adwoa dorcas who haled from seikwa township and iam the second born to my parents. i started my education in the seikwa township and completed the basic education there. i am single and fair in complexion. i am twenty-five years of age. after completion of basic education i visited my uncle in berekum and i stayed with him for about three years and later he he sent me to learn bread baking and i understood because that was the aim of me going to that town. i learnt job for about three and half years and i became more qualified to start my own but to get money was a problem so my master offered me chance to work with her for a pay. thank God that i have started with my own.

My Business

adwoa dorcas bakery is situated in berekum brennyekwa on the road to seikwa. we deal in baking of bread for retailers and stores and when schools are in possession we supply some to schools too. when schools are opened i earned about 30 ghana cedis a day but when have vacated i earn less than that. this business is most beneficial to me because everyday i get something out from it also people will be having their breakfast each day and they will fall on me for their brakfast. the profits that i receive from it, i use some to pay my light bill and sends some home for my mum and dad who are now on their retiring ages.

Loan Proposal

When the loan is offered to me I will purchase six bags of flour which amounts to $252 and I will also purchase two boxes of Cook band margarine which will also be up to $83. I will use some of my saved income to add up to the loan to purchase the items.
These items will help me in the contract won by a school to increase my production.
The interest that will be obtain I will use some to resettle the loan and use some for a living and the remaining will be use savings.

Feedback

11

None

1

  • David    May 16, 2018

    There were no payments from August 2017 to May 2018, when I finally gave up and transferred the loan to the Zidisha Members Loan Fund. I still hope Adwoa can recover from whatever happened to her business.

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  • BernadetteV    Aug 21, 2017

    Regular repayments and loan loan repaid in half the time. Glad that your hard work in the business is giving you success. Well done!

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  • (Comment deleted by author)



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Loan Info

Project Type

Classic Loan

Disbursed amount

$316.00

Date disbursed

May 20, 2017

Repayment status

On Time

Projected term

4 months

Lenders

Paul Buchheit

Mountain View, United States

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