Fuel for my car

Michael

Central Region/ Kakumdo, Ghana

Funds disbursed

$0 to go

100% funded of $32 goal

0

days left

Entrepreneur

Name

Michael

Member since

July 2016

On-time repayments

35 installments  •  57%

About Me

I am Michael Agyapong from Kakumdo in the central Region and I am twenty three years of age. I schooled at Kakumdo junior high school and proceeded to Cape Coast technical Institute where I studied auto mechanical engineering.
After school life was a though game so I started working as a commercial driver. I have been working in as a driver till now.
With the little amount I managed to save, I reached an agreement with my car owner and he accepted $1000 I saved and instructed me to pay the remaining on an installment.
I thing I like about my job is that no matter how bad business is I manage to get my daily sales.
Central Region is a region full of tourist sites and beautiful landmarks.
I want my future children to be prosperous.
I like football and swimming.

My Business

I drive passengers to their destination in exchange for money.
My business is in high patronage because the number of cars to people in the region is 1:120. So it's high in demand.
I chose this business because it is highly patronized.
My typical cost is $20 a day and I love it.
I save 50% of my salary which is $30 and the remaining for mentaince.

Loan Proposal

My loan will be used to buy some fuel for my car which will cost me about $4.5 per a gallon so I can get about six gallons for my car. Now the benefits this is going to create are many and I can not list of them now but I know it is going to help me get some of the little things I need in life, to take good care of my car, it will also help me assist others who may need my help in terms of driving them from one place to the other.
My expectation of how my profit to increase depends on how effective my work will be.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$32.00

Date disbursed

Sep 1, 2017

Repayment status

Late

Projected term

3 months

Lenders

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