Entrepreneur
Name
Millicent
Member since
November 2014
On-time repayments
99 installments • 24%
About Me
My name is Millicent Ashong .l live in Odorkor , an area in Accra. lam 23years old.l completed primary school and continue to have Junior Secondary School Certificate.My parent are Mr and Mrs Ashong l grew up with five siblings l am married and has a daughter . my child is going to school. l married my husband, Emmanuel last 4 years . l have set up small business which l sell local palm oil to my customers.l started this business because l want to support my husband so that he can
provide basic needs for my children. l do not want my husband alone be a main earner in the household. l used my earnings to pay my child school fees and save some for my business. l like watching movies, soccer and reading books. l dislike people who are not hard workers.Since l did not go to university l want to work hard in my business so that l will send my children to college.
My Business
l sells Palm oil to local people in the market. l buy all my Palm Oil products from the wholesalers. l have been doing this for3 years. l earn approximately GHC 500 per month (about $155) from this business. The demand are very high and now days l can hardly manage my household expenses with my income. l wants to expand my business so l can enjoy a better life and support my husband to provide basic needs for our children.. l am happy that l am self -employed and can contribute to my family’s livelihood.
As well as changing my family’s situation, l want to apply for a loan to visit a wholesale shop and buy Palm Oil in bigger quantities and also at a discount. This will enable me to increase my profits.
Loan Proposal
l buy all my Palm oil products from the wholesalers. l apply for a loan from Zidisha Microfinance to visit a wholesale shop and buy the Palm oil in bigger quantities and also at a discount. This will enable me to increase my profits. l want to expand my business so l and my children can enjoy a better life. l will be able to repay the loan because l make profit in the business and l do believe that with this loan my income and profit will increase.Thank you .
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Loan Info
Project Type
Classic Loan
Disbursed amount
$100.00
Date disbursed
Nov 20, 2014
Repayment status
On Time
Projected term
2 months
Other loans
Lenders
Republic of Korea
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Summary
Amount repaid
$112.67
Amount remaining
$0.00
Date repaid
Feb 2, 2015
Status
Fully repaid
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Nov 30, 2014 | $9.33 | Nov 30, 2014 | $9.33 |
| Dec 7, 2014 | $9.33 | Dec 7, 2014 | $9.33 |
| Dec 14, 2014 | $9.33 | Dec 14, 2014 | $9.33 |
| Dec 21, 2014 | $9.33 | Dec 21, 2014 | $9.33 |
| Dec 28, 2014 | $9.33 | Dec 28, 2014 | $9.33 |
| Jan 4, 2015 | $9.33 | Jan 4, 2015 | $9.33 |
| Jan 11, 2015 | $9.33 | Jan 11, 2015 | $9.33 |
| Jan 18, 2015 | $9.33 | Jan 29, 2015 | $9.33 |
| Jan 25, 2015 | $9.33 | Jan 29, 2015 | $9.33 |
| Feb 1, 2015 | $9.33 | Jan 29, 2015 | $0.33 |
| Feb 1, 2015 | $9.00 | ||
| Feb 8, 2015 | $9.33 | Feb 1, 2015 | $0.67 |
| Feb 2, 2015 | $8.67 | ||
| Feb 15, 2015 | $10.00 | Feb 2, 2015 | $10.00 |
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