Loan of ghc1292 helps me to purchase equipment & inventory

Elizabeth

Kasoa, Ghana

3% repaid

Entrepreneur

Name

Elizabeth

Member since

October 2014

On-time repayments

176 installments  •  22%

About Me

My name is Elizabeth Adwoa Neequaye . Some of my friends call me Mamalizzy.l live in Kasoa, Accra .l was born in Accra-Ghana I am single and mother of two children.Someone may ask where is your Husband .Is sad story.my lovely husband died when l was about to give birth to my second child. My children are girls l completed my Junior High School and obtained my certificate and due to financial difficulties my parents could not send me to Senior High school . When my husband died l decided to set up small business so that l will be able to generate good income to send my children to school and also to feed them.so
l establish my own food service restaurant. l sell local food call Banku with vegetable stew.l established my own food service restaurant in my community to provide healthy meals to people living in my community . This business help people in my area a lot. Owning my business has enabled me to earn income which has help me and my children. l used my earnings to reinvest into my business , pay my children school fees and pay house rent. my hobbies are listern to good music, reading and listern to world news.

My Business

I have set up small food service restaurant for people in my community. I started this business about 5 years ago from my my little income and now l have been able to increase my income capital.. I Provide healthy food to people . l provide locally healthy and tasty food called banku and vegetables stew and sold to people in local neighborhoods . My customers are the people in my community and I have a very good customers who always buy from me .They prefer my food to others because l sell healthy food to them at the low price.
My business is profitable because I have so many customers so I sell more. The risk my business have been facing is lack of capital to reinvest so that l will provide more healthy food with vegetables to my customers in my area . l used charcoal to cook and l want to get gas cooker(stove) and cylinder .
This food service has impact on the people because it provides nutritious meal with vegetables to my community .
l earns my income and profit from my customers willing and able to buy my food. The cost of running this business is very high .
I know very well l am going to pay back the loan because of the profit I make per day. I make at least income of GHS 300 ($90) a day

Loan Proposal

I have food services restaurant that provide food for people in my community. The cost of running this business is very high . especially it equipment.
I used my Second loan to buy equipment like refrigerator and it has help me store my fish and other things. Also it helped me prepare the meal to support the customers in my community by providing them healthy meals .l will use my third loan to buy more vegetables, meats, fish, and equipment. This loan will allow me to purchase equipment and additional inventory to expand food services restaurant that provide food for people in my community. These investments will also make it easier for me to increase my customer bases .
.l hope to use my business profit to expand my business. so that l will get income to send my children to College.
I am asking Zidisha and lenders to lend me this loan. l know that with the help from Ienders and Zidisha I will be able to satisfy my customers .
l will pay back the loan because of the profit I make per day. I make at least income of GHS 371($90) a day. I will be paying the loan from the Profit.

Feedback

6

None

None



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Loan Info

Project Type

Classic Loan

Disbursed amount

$350.00

Date disbursed

Aug 27, 2015

Repayment status

Late

Projected term

32 months

Lenders

rebecca

Chapin SC, United States

C

CWS

Huntington beach, ca, United States

B

bgalon

London, United Kingdom

investor

Candiac, Canada

J

johan

Oslo, Norway

torelizer

Reggio Emilia, Italy

DeanDropshot

Oslo, Norway

Tilius

Oslo, Norway

J

jozua

Delft, Netherlands

A

argentpepper

Boston, United States

Alessandro

Verona, Italy

T

traderjohn

Baltimore, United States

H

Hynek

Brussels, Belgium

R

rcmssr

Woodbury, United States

Pere

Barcelona, Spain

Zidisha

Sterling, United States

K

kathy207

South Portland, United States

T

ToddK

Indianapolis, IN, USA, United States

A

AnnaW

Orange County, United States

BJ

Brandon Joz

North Carolina, United States

Jeff

Portland OR, United States

S

SelvaMarcus

Green Cove Springs, United States

T

tmsaddress

Orlando, Florida, United States

dajawein

Gladstone, Australia

P

penguin3694

Chicago, United States

J

jzidi

Los Angeles, United States

S

Sabine

Courtenay, Canada

D

DThirteen

Miami, United States

U

UmSaeed

Southfield, United States

fairspirit

Utrecht, Netherlands

Muslim

Riyadh, Saudi Arabia

Nadja

Weissach, Germany

gseletko

South Perth, Australia

F

Forfex

Zurich, Switzerland

dmirpuri

Bangkok, Thailand

Matthieu

Switzerland, France

xtrahardware

Cazenovia, United States

E

E

Marin county, United States

H

Haavard

Bergen, Norway

G

GanSatya

United States

sderickson

Berkeley, CA, United States

M

Malibu

Westwood, United States

Matching Fund

Sterling, United States

S

spivurno

United States

J

jay12

Germany

K

Karpet

Faroe Islands

joshuacollinson

Vienna, Austria

TyWee

Manila, Philippines

I

idris

United States

M

M.Umar

Pakistan

A

adamdreaming

United States

GaloLending

United States

S

Stephan

Netherlands

KM

Kirsty M

United Kingdom

Arne Bachmann

Hamburg, Germany

Dave Bogard

New York, United States

Roy

Espoo, Finland

Family Mueller

Petershagen, Germany

Robert

Sweden

MZ

Matt Zirwas

United States

Glenn K

Victoria, Canada

wissam

Jeddah, Saudi Arabia

JG

Jake Gibson and Beverly Picardo

San Francisco, United States

Ask Elizabeth a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.

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  • Elizabeth    Dec 29, 2015

    Dear Lenders, Greetings to you.l know you have helped me with your and lam having pass due because l am sick and lhave to stop work for a while. I will start repay the loan as soon as possible. Please understand me and have patience for me. May the peace and blessings of the season be upon all the lenders. Afehyia pa oooo

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  • Elizabeth    Dec 29, 2015

    Dear Lenders, Greetings to you.l know you have helped me with your and lam having pass due because l am sick and lhave to stop work for a while. I will start repay the loan as soon as possible. Please understand me and have patience for me. May the peace and blessings of the season be upon all the lenders. Afehyia pa oooo

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  • Roy    Oct 8, 2015

    Hello Elizabeth. Are you feeling better?

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    • Elizabeth    Dec 29, 2015

      Dear Roy 'l am getting well .lhope l will recovery soon. Thank you

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  • Elizabeth    Sep 30, 2015

    Dear Lenders,
    I cannot pay the full installment amount due. I would like to reduce my payment because,l was sick and now l am getting well so l do not want to fall behind the repayment.Thank you all the lenders.

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  • Roy    Sep 23, 2015

    Hello Elizabeth. How are you?

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    • Elizabeth    Sep 23, 2015

      Hi Roy, lam doing a bit well. Thank you very much. You always write me and ask about me. Which means you don't loan to me alone but you also care about my personal condition. I thank you and all the lends very much for supporting me. I pray that l will be very and work hard to repay my loan on time.
      Best Regards,
      Elizabeth,

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      • Roy    Sep 23, 2015

        You're welcome Elizabeth. Indeed, I am concerned about you. and your family
        I also suggest when lenders are asking about repayments, it is not so much that they are concerned about their money, more than they are concerned about you......For the return is not great enough for that. We do not lend to get a financial return ourselves.
        Rather it is that they, lenders are concerned about the other borrowers as well as you. Most of the money you repay, is then lent to someone else..... Most of us, will not lend money we consider we will need in the future. I think that is a bad idea, and I understand Zidisha discourages it.

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        • Elizabeth    Sep 30, 2015

          Thanks Roy and God bless you for what you are doing for people like us

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  • Roy    Sep 5, 2015

    Elizabeth, Remember it is in your interest to keep a good repayment record.
    Good luck

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    • Elizabeth    Sep 22, 2015

      Hi Roy, Thank you very much for your advice. I became sick the moment l got my loan fund and l always use my business profit to make payment. I stopped work for a while. Now, l have started working and I promise to make payment on time. Roy, today, l have made one payment and l would like to know if l can
      reschedule to make payment on time. Thanks and God bless you

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  • Joseph    Sep 2, 2015

    Best wishes

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  • Elizabeth    Aug 31, 2015

    Hello lenders, l have received the loan and l am going to use to buy equipment and inventory. I am glad for what you have done for me. Thank you very much.

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  • Elizabeth    Aug 31, 2015

    Hello lenders, l have received the loan and l am going to use to buy equipment and inventory. I am glad for what you have done for me. Thank you very much.

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  • Elizabeth    Aug 27, 2015

    I will used my loan to buy equipment and inventory for my business. With this my income and profit will increase so that l will be able to save some for my child school fees. Thank to all the lenders for funding my loan. I am very glad.

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  • Elizabeth    Aug 27, 2015

    I will used my loan to buy equipment and inventory for my business. With this my income and profit will increase so that l will be able to save some for my child school fees. Thank to all the lenders for funding my loan. I am very glad.

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  • Elizabeth    Aug 27, 2015

    I will used my loan to buy equipment and inventory for my business. With this my income and profit will increase so that l will be able to save some for my child school fees. Thank to all the lenders for funding my loan. I am very glad.

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  • Elizabeth    Aug 24, 2015

    Dear Lenders, Thank you so far for your loan funds. My loan is 7% funded and is about to expire in 5 days time and l hope you will not let it to expire. Please l would like you to continue to lends me the remaining so that l will be able to achieve my goal and help my children to continue their education. Thank you once again.

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  • Eunice    Aug 21, 2015

    Good luck with you everything

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  • Elizabeth    Aug 19, 2015

    Dear Lenders,
    The loan l took from Zidisha has helped me to extended my business in order to be able to serve my customers adequately. I am proudly paying school fees for my children. I and my family are able to live better life now.l hope all the lenders will continue to offer their support to me again.Thank you all the lenders and God bless you.

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  • Elizabeth    Aug 15, 2015

    Hello lenders, l just want to write and let all the lenders to know that business is doing well and l am working hard to repay my loan on time. My children are doing well too. Thank you very much for supporting me. I appreciate your support so far.

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  • Roy    Aug 14, 2015

    Hello Elizabeth, How are you?....Well I hope. Would you please give us a little news.
    Good luck to you.

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    • Elizabeth    Aug 15, 2015

      Dear Roy, l am doing well by the grace of God and thank you very much for asking about me.

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  • Elizabeth    Jul 16, 2015

    Hello lenders Greetings to you all in the name of God. Hoping everyone one is doing well just as l and my business is doing well here. Thank you for your support.

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  • Elizabeth    Jun 30, 2015

    Hi lenders. The loan l took from you has helped me to grow my business and profit too has increase a bit. I am grateful for the great assistance. Thank you and God bless you all.

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  • Elizabeth    Jun 21, 2015

    Happy father's day to all the fathers here. God bless you for being fathers to us. We love you all.

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