Loan for my education and groccery shop

Ernest

Assin Fosu- Cenral Region Of Ghana, Ghana

100% repaid

Entrepreneur

Name

Ernest

Member since

May 2016

On-time repayments

61 installments  •  52%

About Me

my name is Ernest Obed Asamoah and i am from Ghana in West Africa. I have the opportunity to travel extensively through out most of the regions in Ghana. As a child i lived with my mom and dad and they took very good care of me even-though they did not have that much. So my childhood was much fun. we are five in my family and my parents managed to build for us a place to stay.
As i write, i am a student in the tertiary level in my third year pursuing mechanical engineering. the subject is very fun. However, i am studying very hard to achieve my dream of been a mechanical engineer in the next few years that are ahead of me. When i completed senior high school, i started a small glocery in my community. so whiles i am away, my kid sister and my old mother manage it for me. I mostly feel good knowing that at least i started something before going to the tertiary institution. when i am helped i will the aid to support my education and invest quiet a small percentage into my business......

My Business

I am a student and a business man at the same time. i school whiles i operate a small gloccery business too. so in my absence my small sister and my old mom manage it for me.
so i sell goods like rice, beans, biscuits, nescafe, sweets, sugar, yam, etc. they are useful in demand and very high. since my vicinity is a newly developing area, i attract most of the residence to my shop. I am studying mechanical engineering too, so this loan and aid will serve two strong purposes, my business and my education. When i go for inventory, i make a lot of profit after the sales of those goods and services. so my profits will be reinvested and part will go into savings whiles others go into my education and livelihood. kindly help me to reach my goal.

Loan Proposal

Hello to my dear lenders and Zidisha family, when my loan project is fully accepted, i will invest the entire amount into my shop and ecucation.
first of all, i will use some $25 to top up my school fees, then the rest will go into my shop. i will buy rice, sugar, sweets, yam and etc. with this new investments, i stand the greatest chance per my calculations to do more for myself and my community at large. i then expect a profit increase of not less than 20% on invested capital.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$300.00

Date disbursed

Jun 18, 2016

Repayment status

On Time

Projected term

68 months

Other loans

Lenders

Paul Buchheit

Mountain View, United States

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