Stephen
Techiman, Ghana
100% repaid
Name
Stephen
Member since
June 2017
On-time repayments
33 installments • 64%
After my university education , I had to apply for many jobs without any feedback from employers. So I started my business with the little savings I had. I got a shop and started with sales of non alcoholic and alcoholic beverages. With the help of Zidisha with regards to my previous loans, I have been able to have a successful business.
I'm into the sales of alcoholic and non alcoholic beverages. sales of these beverages as moveable goods with demand very high.
I chose to deal in the sales of drinks because of its high demand and it good returns (profit). Profits from the sales of goods are reinvested into the business for it growth and part for the repayment of the loan. Business is now moving well. I hope to increase my stock with this my next loan.
I will used part of the loan to purchase 50 boxes of bottle ( medium size) @ a cost of $10.00 per box. And 50 boxes of large size bottle water @ a cost of $11.00. Part would be used to purchase 70 cartons of Can Malt at a cost of $ 15.00 per carton.
By this, of my loan is fully funded, it can increase my profit from 10% to 20% .
Positive
None
Neutral
None
Negative
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Project Type
Classic Loan
Disbursed amount
$12.00
Date disbursed
May 14, 2018
Repayment status
On Time
Projected term
1 week
Other loans
Amount repaid
$12.78
Amount remaining
$0.00
Date repaid
Jun 6, 2018
Status
Fully repaid
Expected Payments | Actual Payments | ||
---|---|---|---|
May 21, 2018 | $12.78 | Jun 6, 2018 | $12.78 |
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