Adu
Cape Coast, Ghana
$0 to go
100% funded of $12 goal
0
days left
Name
Adu
Member since
March 2017
On-time repayments
48 installments • 0%
Am Adu Dominic , I was born at Tafi in the Cape Coast Central Region of Ghana and the fifth born in a family of Eight. I am a Ghanaian by citizenship.
Due to financial restrains and full of other commitments I did not manage to join university so I moved to Funyula and opened up a shop and started computer services (Netpaq Computers) in Funyula. At first I didn’t know whether the business would pick up for I didn’t have much of capital and materials to sustain peoples need but with time it picked up.
I do typesetting, printing, photocopying, binding, and laminating among others. I buy my goods in Busia Town but sometimes they bring for us the materials in Funyula town with some Indians who do normally sell for us the materials at a little bit cheap price. For instance I buy one ream of paper at 5dollars but sometimes it costs 4dollars per ream, the price rises with time and lowers with time it depends. My business booms during school days because I get tenders from schools to type set exams and do analysis also from offices e.g. Education office and Youths Office. But during closure the business goes down slightly.
I operate a computer shop where people get their services of typesetting, printing, photocopying and many others. It involves buying materials from bookshops and Indians who get them directly from the company who sell at whole price. I later do my work for a profit.
A ream of papers costs 5dollars but sometimes it costs up to 4 dollars making a profit of 500 dollars to 1000 dollars shou
Given the loan I want to buy Photo copy papers that are very essential iactivities. Since at the moment they are out of stock in my computer service shop.
Owing to the fact that this is my first loan and due deductions prevailing the amount remaining will enable me buy the following.
three cartons of Photocopy papers which include 5 realms of papers each at 17 dollars. to a total of 88 dollars per carton.
The total amount to spent on all three cartons will be 266 dollars.
These in return will earn me a profit of 4.5 dollars per realm if I sell on retail but when used on photocopy this will earn 20 dollars in profit.
In total the whole load will earn me an average profit of 300 dollars in a period of one and a half months.
Positive
None
Neutral
None
Negative
None
Project Type
Classic Loan
Disbursed amount
$12.00
Date disbursed
Mar 23, 2017
Repayment status
Late
Projected term
11 months
Amount repaid
$0.00
Amount remaining
$10.91
Expected completion
Feb 18, 2018
Status
Repaying late
Installment amount
$0.23
Expected Payments | Actual Payments | ||
---|---|---|---|
Mar 26, 2017 | $0.23 | ||
Apr 2, 2017 | $0.23 | ||
Apr 9, 2017 | $0.23 | ||
Apr 16, 2017 | $0.23 | ||
Apr 23, 2017 | $0.23 | ||
Apr 30, 2017 | $0.23 | ||
May 7, 2017 | $0.23 | ||
May 14, 2017 | $0.23 | ||
May 21, 2017 | $0.23 | ||
May 28, 2017 | $0.23 | ||
Jun 4, 2017 | $0.23 | ||
Jun 11, 2017 | $0.23 | ||
Jun 18, 2017 | $0.23 | ||
Jun 25, 2017 | $0.23 | ||
Jul 2, 2017 | $0.23 | ||
Jul 9, 2017 | $0.23 | ||
Jul 16, 2017 | $0.23 | ||
Jul 23, 2017 | $0.23 | ||
Jul 30, 2017 | $0.23 | ||
Aug 6, 2017 | $0.23 | ||
Aug 13, 2017 | $0.23 | ||
Aug 20, 2017 | $0.23 | ||
Aug 27, 2017 | $0.23 | ||
Sep 3, 2017 | $0.23 | ||
Sep 10, 2017 | $0.23 | ||
Sep 17, 2017 | $0.23 | ||
Sep 24, 2017 | $0.23 | ||
Oct 1, 2017 | $0.23 | ||
Oct 8, 2017 | $0.23 | ||
Oct 15, 2017 | $0.23 | ||
Oct 22, 2017 | $0.23 | ||
Oct 29, 2017 | $0.23 | ||
Nov 5, 2017 | $0.23 | ||
Nov 12, 2017 | $0.23 | ||
Nov 19, 2017 | $0.23 | ||
Nov 26, 2017 | $0.23 | ||
Dec 3, 2017 | $0.23 | ||
Dec 10, 2017 | $0.23 | ||
Dec 17, 2017 | $0.23 | ||
Dec 24, 2017 | $0.23 | ||
Dec 31, 2017 | $0.23 | ||
Jan 7, 2018 | $0.23 | ||
Jan 14, 2018 | $0.23 | ||
Jan 21, 2018 | $0.23 | ||
Jan 28, 2018 | $0.23 | ||
Feb 4, 2018 | $0.23 | ||
Feb 11, 2018 | $0.23 | ||
Feb 18, 2018 | $0.23 |
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