Isaac
Asoampa, Prestea, Ghana
100% repaid
Name
Isaac
Member since
November 2016
On-time repayments
194 installments • 69%
My name is Isaac Osam. I completed My Tertiary in 2008. Since then I decided to engage in trade myself. I deal in home appliances like home theater, fridges, microwave, electric iron, ironing board,charcoal iron,standing fans,Tvs ,home theatres etc. I have right from the onset enjoyed doing trade. That is buying and selling of home appliances. I am married with one child. My child is interested in becoming an engineer hence am working my heart out to fulfill that dream. I enjoy reading business books.
My income source will be from the Home Appliances Shop that i operate. These goods are in great demand in my area. people come from nearby village to purchase these goods. I chose these business because it was in demand after realising people travel for long journey just to purchase these items.the capital for these business is $6000. My profit I use in reinvestment in growing the business and sometimes to support other orphans.
This loan has been applied to stock my home and office appliances shop.The following are the goods to order when I get the loan.
1pc LG led 32" TV Digital - $227.3
1pc Nasco 32" TV satellite - $191
1pc Samsung 32" TV Digital - $238.6
Ceiling fan 36" - $40
LG DVD home theatre system (3120s)- $137
TV stands - $135
Glass center table - $130
Electric irons - $50
Extension board - $45
Charcoal irons - $90
Standing fan 18" - $34
3speaker home theatre - $151
3pcs blenders - $120
Hangers - $ 30,etc for my home appliance shop.This will help me serves my customers all that they need. I expect a profit increment from $40 - $50 weekly. Part of the profit will go into repayment, to care for the children,and reinvest into the business.
Positive
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Neutral
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Negative
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Project Type
Classic Loan
Disbursed amount
$1,652.00
Date disbursed
Nov 4, 2017
Repayment status
On Time
Projected term
35 months
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