Loan to buy rice and other provisions for my shop
Agbagba
Dormaa Ahenkro_ghana, Ghana
6% repaid
Entrepreneur
Name
Agbagba
Member since
September 2016
On-time repayments
87 installments • 39%
About Me
region Dormaa municipality that the people are mainly poultry farmers only few are engaged in cash crops like cashew nuts and cocoa. Others engage themselves in trading like myself. My people celebrate KWAFIE festival. Kwafie means the season of food. I have two boys and they want to be medical officers. I like reading a lot and chatting with friends on social media.
My Business
I sell general goods like milk,milo,sugar,soap,satchel water and many others. Dormaa Ahenkro is municipality that has a thick population and it's surrounding villages and towns come to market on Tuesday's to buy and sell. The items I sell are bought in larger quantities to be retailed in the various villages and towns. Even the town folks who are government employees come to my shop to buy for home consumption. I went into this business because I had no option. My dream was to persue higher education to be employed for a better employment but because my mother could not afford, I decided to join my mother's business. And I have not regretted since that has helped me take care of myself and my family. I started selling with Ghc500 and now my capital is arround Ghc2000. I make sales of about Ghc300 to Ghc400 a day and even more when it is a market day. I use part of the profit I make to pay for my ward's school fees, part to buy food and shelter and the remaining part of the profit goes back into my business for it to grow.
Loan Proposal
I want to buy twenty boxes of milk $13, ten boxes of mosquito coils $10, nine boxes of mosquito spray $16. Intact most of my customers prefer mosquito spray to the coil but the few that cannot afford the spray buy the coil to avoid mosquito bites . I will buy ten cartons of washing soap $16.If I'm granted this loan amount, I will buy twelve boxes of baby diapers $21. Baby diapers is now controlling the market. I will also include about eight boxes of bathing soap $19
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Loan Info
Project Type
Classic Loan
Disbursed amount
$133.00
Date disbursed
May 26, 2017
Repayment status
Late
Projected term
13 months
Other loans
Lenders
United States
United States
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