Loan to expand my business
Francis Dominic
Kumasi, Ghana
100% repaid
Entrepreneur
Name
Francis Dominic
Member since
July 2015
On-time repayments
30 installments • 40%
About Me
Am the 4th child to mr and mrs Donkor.I grew up and started my infancy education at St. Pauls R/C School. I participated in every activity which was introduced in that time.
It got to a point my parents started facing financial challenges, so i decided to help by entering into small buy and sell business. I used some of the profits
for the things i needed.
Due to hard work, a friend of mine gave me additional money to invest in the business.
My Business
I deal with home used or second hand items.
Not everyone can afford a brand new items. So most of them buy the second hand goods which are less affordable to the brand new ones.
I choose it Because it's a kind of business i have practice before and still like doing it.
I don't have proper mechanism in place to check that. But what i do is, any amount i invest, at the end of period i deduct the
amount i invested from the total amount
received during the period. So when the
amount exceeds the one i invested it means i have a profit.
Reinvest in the business.
Loan Proposal
Radio,External harddrives, SD cards, all kinds of Remote controls, etc. And the prices ranges from 60usd,55usd,40usd, dawn wards.
It will help me to expand the business. And also customers will get what they demand for even in bulk.
I expect my business to increase by 15%.
Feedback
Positive
None
Neutral
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Negative
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Loan Info
Project Type
Classic Loan
Disbursed amount
$100.00
Date disbursed
Jul 29, 2015
Repayment status
On Time
Projected term
2 months
Other loans
Lenders
Summary
Amount repaid
$113.00
Amount remaining
$0.00
Date repaid
Oct 27, 2015
Status
Fully repaid
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Aug 9, 2015 | $10.00 | Aug 10, 2015 | $10.00 |
| Aug 16, 2015 | $10.00 | Aug 17, 2015 | $10.00 |
| Aug 23, 2015 | $10.00 | Aug 23, 2015 | $10.00 |
| Aug 30, 2015 | $10.00 | Aug 30, 2015 | $10.00 |
| Sep 6, 2015 | $10.00 | Sep 6, 2015 | $10.00 |
| Sep 13, 2015 | $10.00 | Sep 14, 2015 | $10.00 |
| Sep 20, 2015 | $10.00 | Sep 21, 2015 | $10.00 |
| Sep 27, 2015 | $10.00 | Oct 2, 2015 | $10.00 |
| Oct 4, 2015 | $10.00 | Oct 9, 2015 | $10.00 |
| Oct 11, 2015 | $10.00 | Oct 11, 2015 | $10.00 |
| Oct 18, 2015 | $13.00 | Oct 27, 2015 | $13.00 |
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