Expand my sweet plantain & coconut chips business
Dorcas
Sunyani, Ghana
55% repaid
Entrepreneur
Name
Dorcas
Member since
March 2016
On-time repayments
182 installments • 75%
About Me
My name is Dorcas Afrane. I was born on July 31st, 1977 in Takoradi in the western region of Ghana. I was born into a family of 10 including my parents. I started school when I was 6 years old, but my education was not that smooth because my health was a challenge. As a result of the large family size, I opted for vocational school after completing my basic education.
In 1996, I had a chance to visit my uncle in Nigeria. That short visit turned into almost a decade and half. It was in Nigeria that I dreamt of starting a pastry business, and I started making plantain chips in Nigeria. I returned to Ghana after 14 years in Nigeria.
My Business
Upon my return from Nigeria, I researched to find a good business idea. One thing led to the other, and I determined that a business making plantain chips could flourish here.
So far business has been good. My only challenge is that I need money to expand the business to meet higher demand from my clients.
This a summary of my current weekly expenditures:
- Cooking oil: $28.00
- LPG (gas): $30.00
- Plantains: $90.00
- Polythene (packaging): $13.00
- Transportation: $13.00
-- Total: $180.00, of which I am able to earn $52.00 in a week as profit.
Loan Proposal
My business grows on the ability to attract and keep clients. Selling plantain chips is very lucrative in Sunyani. I wish to apply for a loan of $1600.00 to meet demand from my clients. The market is growing for plantain chips, and I believe I am in a good spot to maximise my market share. With this loan, I will be able to produce 4x my current capacity and earn $150.00 per week. I will use the money to buy more plantains, cooking oil, LPG (gas), and polythene packaging. My weekly expenses and income will double with this loan.
Here is a possible summary of my weekly expenses:
- Cooking oil: $40.00
- LPG (petroleum gas): $50.00
- Plantain: $190.00
- Polythene (packaging): $20.00
- Transportation: $15.00,
- Total: $315.00, of which I expect to earn $150 a week as profit
I believe the lenders of Zidisha will help me fulfill my dreams and help increase my family's living standard. Thank you!
About Me
My name is Dorcas Afrane. I was born on 31st July 1977 in Takoradi in the western region of Ghana. I was born into a family of 10 including my parents. I started schooling at 6 years. My schooling was not that smooth because my health was a challenge. And as a result of the large family size, I opted for vocational school after completing my basic education.
In 1996, I had a chance to visit my uncle in Nigeria. The short visit was extended to almost a decade and half. It was in Nigeria that, I dreamt of the business of pastries. I started making plantain chips in Nigeria for a while. I returned to Ghana after 14 years in Nigeria.
My Business
Upon my return from Nigeria, I did survey around for some business to do. One thing led to the other and I realize that my business of making plantain chips will flourish here. My main business is making plantain chips. So far it has been good. My only challenge is the money to expand the business to meet the needs of my clients. This a summary of my weekly expenditure on my business: cooking oil - $28.00, LPG - $30.00, Plantain - $90.00, Polythene – $13.00, Transportation – $13.00 Totalling to $180.00, I am able to get $52.00 in a week as profit.
Loan Proposal
My business grows on the ability to attract and keep clients. Selling plantain chips is very lucrative in Sunyani. I wish to apply for a loan of $1600.00 to meet demand from my clients. The market is growing for plantain chips, and I believe I am in a good spot to maximise my market share. With this loan, I will be able to produce 4x my current capacity and earn $150.00 per week. I will use the money to buy more plantains, cooking oil, LPG (gas), and polythene packaging. My weekly expenses and income will double with this loan.
Here is a possible summary of my weekly expenses:
- Cooking oil: $40.00
- LPG (petroleum gas): $50.00
- Plantain: $190.00
- Polythene (packaging): $20.00
- Transportation: $15.00,
- Total: $315.00, of which I expect to earn $150 a week as profit
I believe the lenders of Zidisha will help me fulfill my dreams and help increase my family's living standard. Thank you!
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Loan Info
Project Type
Classic Loan
Disbursed amount
$1,158.00
Date disbursed
Aug 15, 2019
Repayment status
Late
Projected term
9 months
Lenders
New York, United States
Mountain Home, United States
Austin, United States
United States
Winnipeg, Canada
United States
United States
Belgium
United States
Republic of Korea
United States
Cayman Islands
United States
Brazil
Syracuse, NY, United States
United States
United States
Israel
Denmark
United States
United States
European Union, Netherlands
Germany
San Antonio, Texas, United States
רעננה, Israel
Uganda
United Kingdom
United States
Germany
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Summary
Amount repaid
$636.66
Amount remaining
$521.46
Expected completion
May 17, 2020
Status
Repaying late
Installment amount
$44.82
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Aug 25, 2019 | $44.82 | Aug 27, 2019 | $44.82 |
| Sep 1, 2019 | $0.00 | ||
| Sep 8, 2019 | $44.63 | Sep 16, 2019 | $44.63 |
| Sep 15, 2019 | $44.63 | Sep 16, 2019 | $44.63 |
| Sep 22, 2019 | $22.89 | Sep 29, 2019 | $22.89 |
| Sep 29, 2019 | $22.89 | Sep 29, 2019 | $22.89 |
| Oct 6, 2019 | $22.89 | Oct 16, 2019 | $22.89 |
| Oct 13, 2019 | $22.89 | Oct 16, 2019 | $22.89 |
| Oct 20, 2019 | $22.89 | Nov 4, 2019 | $22.89 |
| Oct 27, 2019 | $44.82 | Nov 4, 2019 | $44.82 |
| Nov 3, 2019 | $0.00 | ||
| Nov 10, 2019 | $22.89 | Nov 12, 2019 | $22.89 |
| Nov 17, 2019 | $22.89 | Nov 24, 2019 | $22.89 |
| Nov 24, 2019 | $0.00 | ||
| Dec 1, 2019 | $0.00 | ||
| Dec 8, 2019 | $22.89 | Dec 6, 2019 | $22.89 |
| Dec 15, 2019 | $22.89 | Dec 21, 2019 | $22.89 |
| Dec 22, 2019 | $22.89 | Jan 3, 2020 | $22.89 |
| Dec 29, 2019 | $22.89 | Jan 3, 2020 | $22.89 |
| Jan 5, 2020 | $22.89 | Jan 15, 2020 | $22.89 |
| Jan 12, 2020 | $22.89 | Jan 15, 2020 | $22.89 |
| Jan 19, 2020 | $22.89 | Feb 3, 2020 | $22.89 |
| Jan 26, 2020 | $22.89 | Feb 3, 2020 | $22.89 |
| Feb 2, 2020 | $22.89 | Feb 21, 2020 | $22.89 |
| Feb 9, 2020 | $22.89 | Feb 21, 2020 | $22.89 |
| Feb 16, 2020 | $22.89 | Mar 6, 2020 | $22.89 |
| Feb 23, 2020 | $44.82 | Mar 6, 2020 | $22.89 |
| Mar 26, 2020 | $21.93 | ||
| Mar 1, 2020 | $44.82 | Mar 26, 2020 | $0.95 |
| Mar 8, 2020 | $44.82 | ||
| Mar 15, 2020 | $44.82 | ||
| Mar 22, 2020 | $44.82 | ||
| Mar 29, 2020 | $44.82 | ||
| Apr 5, 2020 | $44.82 | ||
| Apr 12, 2020 | $44.82 | ||
| Apr 19, 2020 | $44.82 | ||
| Apr 26, 2020 | $44.82 | ||
| May 3, 2020 | $44.82 | ||
| May 10, 2020 | $44.82 | ||
| May 17, 2020 | $29.37 | ||
Vicki Stewart Apr 16, 2018
Dorcas Jun 6, 2018
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