Loan to buy equipments to expand my business
Ahmed
Techiman, Ghana
100% repaid
Entrepreneur
Name
Ahmed
Member since
May 2016
On-time repayments
224 installments • 37%
About Me
I am the last child in a family of fifteen. My father got married to two women and in all his children I am the last one among them. I am now a graduate with a second class upper division in diploma in psychology and foundation of education. I saved my salary for two years before I was able to use that money to drill a borehole for water. People in my community are hard-working people and self reliant. I would like my children to become businessmen and businesswomen in the future. I like researching and studying when I am free.
My Business
I have a borehole for water. I have expanded it to about twenty houses in my community. I have also mounted poly tanks in front of the house where I live. I sell water to those who don't have piped bored water in their homes. As it is a saying that water is life, people in my community encounter difficulty in getting access to water. I took it upon myself to drill a borehole. It cost me about GHS15000 to drill, buy poly tanks and expand to houses in my area. I will use the profit to buy water equipment to houses that have no pipe in them.
Loan Proposal
I would use the loan to buy poly tanks and pipes to expand my water to most people in my community houses to be able to get access to water very easily. The cost of the above mentioned items is $1000.when the expansion of the water is successful ,my community members will get easier assess to drinking water.I hope to get a profit of 5% increased in my daily income.
About Me
Am the last child in a family of fifteen.My father got married to two women and in all his children am the last one among.Am now a graduate with second class upper division in diploma in psychology and foundation of education. I saved my salary for two years before I was able to use that money to drill a bore hole water.People in my community hard working people and self reliant. I would like my children to become business men and women in future. I like researching and studying when am free.
My Business
I have a bore hole water . I have expanded it to about twenty houses in my community. I have also mounted a poly tanks in front of the house where I live. I sell to those who don't have pipe bored water in their homes. As it is a saying that water is life , people in my community encounters difficulty in getting access to water so I took it upon myself to drill one. It cost me about GHS15000 to drill,buy poly tanks and expansion to houses in my area. I will use the profit to buy water equipment to houses that have no pipe in them.
Loan Proposal
I would use the loan to buy poly tanks and pipes to expand my water to most people in my community houses to be able to get access to water very easily. The cost of the above mentioned items is $1000.when the expansion of the water is successful ,my community members will get easier assess to drinking water.I hope to get a profit of 5% increased in my daily income.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$200.00
Date disbursed
May 18, 2016
Repayment status
On Time
Projected term
4 months
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Mary Nov 8, 2017
BernadetteV Nov 8, 2017
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