Name
Rebecca
Member since
January 2017
On-time repayments
216 installments • 41%
I am currently enrolled as a Distance Learning Student with the University of Cape Coast (UCC). I am pursing a Diploma in Basic Education. I hope to graduate by next year and be employed as a professional teacher. Barely a few months ago, I successfully rented a shop, which I am currently using for business to sell vegetables and various cooking ingredients. I am hoping to expand my business and make more profit to be able to pay my school fees and other educational expenses.
I started my business a few months ago by buying a few cooking items such as vegetables and spices and selling from the house. Soon, I realized the market was available so I started searching around my area for a place to rent for my business. By the grace of God, I got a container which was by the road side and not too far from my place of residence. I used my savings to pay the rent fee and the rest to buy a few items to sell. Business has been good but the lack of capital means I purchase goods on smaller scale and this drastically reduces my profit margin. I have currently employed one lady who helps me to take care of the shop.
I will use this loan to buy one (1) large bag of polished rice which I will re-package into smaller plastic bags and sell to my customers. I will also use the rest of the money to buy canned tomato paste which is running low at my shop. I believe with the investment of this money (loan) and the purchasing of these items, I can be able to make sure these products do not run low at my shop so that my customers will be happy. Also, I will be able to sell them and make enough profit to repay my loan and take care of myself and my family.
Positive
None
Neutral
None
Negative
None
Project Type
Classic Loan
Disbursed amount
$66.00
Date disbursed
Jun 22, 2017
Repayment status
On Time
Projected term
8 weeks
Other loans
Amount repaid
$66.11
Amount remaining
$0.00
Date repaid
Aug 8, 2017
Status
Fully repaid
Expected Payments | Actual Payments | ||
---|---|---|---|
Jul 2, 2017 | $5.03 | Jun 30, 2017 | $5.03 |
Jul 9, 2017 | $8.38 | Jul 15, 2017 | $8.38 |
Jul 16, 2017 | $1.20 | Jul 20, 2017 | $1.20 |
Jul 23, 2017 | $1.20 | Jul 26, 2017 | $1.20 |
Jul 30, 2017 | $1.20 | Jul 26, 2017 | $1.20 |
Aug 6, 2017 | $0.00 | ||
Aug 13, 2017 | $24.67 | Aug 8, 2017 | $24.67 |
Aug 20, 2017 | $24.43 | Aug 10, 2017 | $24.43 |
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