Loan to boost my business

Opoku

Santasi-kumasi, Ghana

Funds disbursed

$0 to go

100% funded of $71 goal

0

days left

Entrepreneur

Name

Opoku

Member since

September 2016

On-time repayments

122 installments  •  19%

About Me

Opoku Godfred is my name. I am 34years of age. A recent graduate of the Presbyterian University College in Sunyani,Ghana. I studied Bsc. Mathematics with Statistics.

The town i had my university education that is Sunyani..

Whiles in school, i had the opportunity to visit most of these villages by forms of outreach programmes to teach and impact the young ones the importance of Mathematics in education and life as a whole.

My Business

Upon my visit, i realised the main occupation of people there are farming and livestock. And even with that its very difficult for thier produce to be bought since road networks to the villages are very poor and bad in condition. This has then made their produce lie waste and rot after harvest. Their livestock also tend to grow old and later they consume it themselves.
I then made it a promise to help them sell thier produce and livestock whiles in school buy gathering money from friends and going to these villages with a small truck to buy and convey the livestock and produce back to the town markets for sale.

I first gathered 150cedis = $45 from friends.

I rented the truck for 50cedis=$15 for a day, bought livestock and farm produce with the extra 100cedis=$30 from them.

I later brought the goods to the town market and sold all and made a profit of 50cedis=$15 from the sale.
I repayed all the monies to took from friends and had about 20cedis=$6.3 for myself

This brought many smiles and happiness to their lives because the money the recieved made them enroll their children school and also have some money on them for upkeep of their farms and homes.

I then continued this activity once or twice every month depending on my schedule in school. I sometimes breaked even with me benefiting nothing but i was so excited anytime i get to the villages and see them with smiles of me coming to give them hope.

Loan Proposal

I am really so happy for requesting this loan to establish enough capital to boost my profit. This loan is extremely going to help me to increase my business capital. Now I am the happiest guy now because of this loan. And I will be very responsible for repaying this loan because of your helping opportunity.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$71.00

Date disbursed

Mar 20, 2017

Repayment status

Late

Projected term

22 months

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