Expanding my spices trade

Adoma

Banda Nkwanta, B/a, Ghana

35% repaid

Entrepreneur

Name

Adoma

Member since

January 2015

On-time repayments

97 installments  •  73%

About Me

my name is Ophelia Adoma from the Brong Ahafo region of Ghana and i am a trader cum business woman. i am the first of five children born to my parents . my father died in my senior high school days and my mom had to take of the five of us alone. As a results of financial difficulties, i could not proceed to college although i had very good grades. i took to selling cooking spices at a very early age to which i used the profit to take care of my self and helped my mom to raise my other sibilings. so this is how come i came to start this business of selling and distributing spices in large quantities. initially when i started , i was trading on credit. took to sell and paid later but as time went by, i was able to save to purchase to sell. i am very dedicated christian who believe in working hard. i spend my free time which is not often because i am always working to rest and think through my business and how to improve it. my dream as of the moment is to be able to trade in these spice on a bigger platform since it is very lucrative. Integrity have been my life's compass and due to that i have never lost my way...

My Business

I sell cooking spices and i also distribute some as well to chop bars and restaurant in my community. i chose this kind of business because as a little girl i loved cooking and that passion had been with me till today. also ,people consume food everyday hence spices will be used most frequently as a results and the situations that made my growing up which warranted that i made money to support my mom i choose this because of the profit margin and it had really been good. For the spices business , the capital for inventory is usually huge but what ever amount of money that you will put into it you are always that you will get it back with mostly a 100% or more profit. Most of the profit are used to help my mom in the raising of my other younger siblings who are now in school....and then i save part for the future and i use the rest for inventory .finally , it help enrich peoples diet and help me to seeing my siblings through school which i am so proud of .

Loan Proposal

when my loan is fully funded, i will use the entire amount to go for inventory quickly. i sell cooking spices. powdered pepper, shrimps, some maggi, iodated salt, steaming agents and many local ones like akakaduro and etc.
with the infusion of this new amount, i will be getting an inventory which will make me more than a 50% profit on the invested amount and these inventory per quantity will and could last for about two to three months before i will finish selling.
as always, the benefit to me is on the part of having goods to supply to these restaurant who rely on my supply and by so doing my profit will shoot up too.
and then to the people of my locality, it will give them the access to nutritious foods and better diet.
However, with this times loan, i expect an increase in profit as a results of a general boom in market activities in my locality which is widely a mining area.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$393.00

Date disbursed

Aug 11, 2015

Repayment status

Late

Projected term

80 months

Lenders

T

Tmann

Los Angeles, United States

A

Anninymouse

Southampton, United Kingdom

W

WilsonLending

Atlanta, United States

J

Jason

New Jersey, United States

S

snowcrystal86

New York, United States

S

Sander

Borsbeek, Belgium

AH

Aleksi H

Helsinki, Finland

mbunifu

San Jose, United States

lorrymac

Killough, United Kingdom

C

cgrumboski

Atlanta, United States

B

Bcschaffner

York, United States

T

tommy0579

Salt Lake City, UT, United States

L

lucnz

Auckland, New Zealand

Ambrose

Calgary, Canada

T

taiti123

Singapore, Singapore

T

tloureiro

Pfungstadt, Germany

T

Tallago3

Munich, Germany

R

Roman

Barcelona, Spain

M

mogensh

København V, Denmark

tmisch

San Jose, California, United States

RebeccaNie

Palo Alto, United States

Apmay

Melbourne, Australia

J

Jennifer

Minneapolis, United States

B

briansedz

Canton, Ohio, United States

eaganlender

Kalamazoo, United States

C

chrisherron

Chicago, United States

F

farwest

Alamo, United States

J

JoycaLeplae

Gent, Belgium

J

JandC

Watsonville, United States

DLarson

Morris, United States

Z

Zippo

Berlin, Germany

D

duckdork

De Forest, United States

ReducedFat

Lake Forest, United States

E

ebronken

Oslo, Norway

P

pillepalle

Osnabrück, Germany

D

danderson1953

Plainsboro, United States

AdvancingCompassion

San Diego, United States

N

nanax005

SALEM, United States

Ellie

Urbana, United States

S

silsley

Cheltenham, United Kingdom

dhulsterwim

LIER, Belgium

P

PetrusR

balmoral, Australia

P

pignolet

zurich, Switzerland

E

eboleaga

Mexico City, Mexico

D

dannimw

Victoria BC, United Kingdom

hugomesser

Blokker, Netherlands

L

Ldeschae

Gent, Belgium

Winona

Yakima, United States

TimK01

gfhj, Moldova

JTShorty

Gorham, Maine, United States

M

Marod

Edmonton, Canada

E

EnriqueD

Madrid, Spain

B

bonndan

Bonn, Germany

Padrino

Kilkenny, Ireland

R

rohbear

asheville, United States

hriday

Mountain View, CA, United States

ibc123

Seattle, United States

Z

zangalan

Maryland, United States

B

Bernsjx

Montreal, Canada

M

magnaculpa

Silver Spring, United States

E

elkocsis

Kirkland, United States

J

Jeremy79

Mission, Canada

B

BearLa

Indianapolis, United States

zZola

Gilford, United States

Garry Tan

San Francisco, California, United States

D

dajja

Stockholm, Sweden

Shemuel

New Jersey, United States

I

ibd267

Ambler, United States

S

Saej215

United States

C

chrishol

United States

T

tlbtlbtlb

United States

C

CRR7x

United States

P

phantomdiver

United States

H

Heroofcanton

United States

F

FSO

Canada

B

binxbolling

Boston, United States

B

bvirlet

United States

A

ATMiller

United States

M

merk85

United States

R

richardbrewster

United Kingdom

B

brianchicago

United States

M

mkrsko

Slovakia

R

retzroff

United States

M

mitchmk84

United States

S

salonasante

United States

N

Nekochan26

United States

L

Lallarahiq

United States

E

EKuras

United States

R

RosieWatrs

United States

K

Kimbo

Vietnam

E

emfagan1

United States

M

maloney

United States

L

leftyoctober

Minneapolis, United States

S

sarah4d2

Saint Louis, United States

R

ruth11

United Kingdom

C

cathyu2crazy

United States

smastermind

Jerusalem, Israel

E

expatri

United States

C

CraigInCo

United States

mepster

San Francisco, Ca, United States

VK

Vasily Kudrin

Moscow, Russia

D

Dowdin

United Kingdom

chriseyre

Fremont, Ca, United States

E

EvergreenBob49

United States

G

GMB2014

United States

S

simonthompson99

United Kingdom

S

Sophia20450

United States

L

luckiestmonkey

United States

AndrewNeu

Ho Chi Minh, Vietnam

A

araali

United States

J

JonAlec

United States

H

HLCharityFund

United Kingdom

R

rwebb

United States

Mun

Orlando, FL, United States

T

tehmle

United States

Grant Xavier Storer

Seattle, Wa, United States

T

Tim47

United States

M

markl

Australia

J

jacquelyn264

United States

H

Heath

United States

S

satheajay

United States

S

samuelknecht

United States

G

Gfunkey

United States

adrianz

United States

K

Kebrenagast

New York, United States

S

Schwartz

United States

M

mcgeefamilyny

United States

Andrew267

Birmingham, United Kingdom

F

Foster

United Kingdom

T

Tony1

Australia

E

ErinL

United States

reluck

Marseille, France, France

A

andreab

United States

JP

James Parker

Sacramento, United States

RJ

Ryan J Cotton

United States

stephen sontag

Narragansett, United States

Michelle

Sydney, Australia

P

pombo

United States

Matthias

Frankfurt Am Main, Germany

F

Falk

Germany

E

Erich

Zurich, Switzerland

D

Doug

Baltimore, United States

P

PC

United States

EL

Erik Lönnroth

United Kingdom

MJ

Matt Jenkins

United Kingdom

J

Joshua

United Kingdom

P

Philipp

Munich, Germany

Lauren

United Kingdom

F

funded

Australia

Gerald Sporbert

Chemnitz, Germany

S

Steve

United States

Fabian Linzberger

Vienna, Austria

MW

Matt Willis

United States

P

Patty

Colorado Springs, United States

JD

Jo Dane

Melbourne, Australia

Dominik Wagner

Karlsruhe, Germany

PT

Pattie Thomas

United States

DN

Don Nichols

United States

J

Jernej

Ljubljana, Slovenia

Jason Ogg

New Zealand

K

Katie

Australia

Kristina Speed

Seattle, WA, United States

BS

Bart Sturm

Amsterdam, Brazil

AL

Austin Long

United States

Mark Thumpston

Solihull, UK, United Kingdom

B

Beth

United States

Jack Doolan

Newcastle, United Kingdom

R

Ryan

United States

Thomas

Mueller, Germany

JC

Jethro Carr

Wellington, New Zealand

RM

Roxane Milot

Gatineau, Québec, Canada

wissam

Jeddah, Saudi Arabia

Christopher Hey

Sudbury, Canada

Paul Buchheit

Mountain View, United States

JG

Jake Gibson and Beverly Picardo

San Francisco, United States

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