Derrick Selorm Lovewin
Somanya, Ghana
100% repaid
Name
Derrick Selorm Lovewin
Member since
March 2016
On-time repayments
84 installments • 71%
I am a young man who strongly believes in investments. I am currently a professional teacher. I have responsibilities to take care of, being the breadwinner of my family.
l have therefore invested in some business ventures. An Everpure water depot in Somanya is being managed by my brother. I hereby need this loan to increase the quantity of goods supplied.
My line of business is an Everpure water depot at Somanya. Profits generated are used to pay school fees for my brother and also to solve some personal problems. I want to increase the quantity of goods supplied. I currently am able to take 500 sachet bags and 50-60 boxes. This quantity is sold within a month. The increasing demand by customers is what calls for this loan.
This loan is meant to purchase 500 bags of the said mineral water to serve the demanding nature of my customers. 40% of the proceed is going to be reinvested into the business with the remaining 60% to cater for my siblings educational affairs.
I am a young man,who strongly believe in investments,am currently a professional teacher n have responsibities to take care of,being the bread winner of my family
l have therefore invested in some business venture.An Everpure water depot in somanya n is being managed by my brother.I hereby need this loan to increase the quantity of goods supplied.
My line of business is an Everpure water depot at somanya,profits generated is used to pay fees for my brother and also solve some personal problems.I want to increase quantity of good supplied. currently am able to take 500 sachet bags and 50-60 boxes.This quantity is sold within a month. The increasing demand by customers is my worry that is what calls for this loan. I therefore want to increase the intake from 60 boxes of bottled water to 100 boxes and 500 to 800 sachets which cost 600£.
This loan is meant to purchase 500 bags of the said mineral water to serve the demanding nature of my customers. 40% of the proceed is going to be reinvested into the business with the remaining 60% to cater for my siblings educational affairs.
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Project Type
Classic Loan
Disbursed amount
$250.00
Date disbursed
Apr 26, 2016
Repayment status
On Time
Projected term
9 months
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