Loan to purchase sachet (bagged) water for sale
Akosua
Banda Nkwanta, B/a, Ghana
100% repaid
Entrepreneur
Name
Akosua
Member since
January 2015
On-time repayments
187 installments • 41%
About Me
My name is Akosua Mansah. I am a Ghanaian. I was raised among all boys except my mom. I thus had a little formal education but not much. I at least had one that allows me to read and write. I basically did not continue my education due to financial difficulties on the side of my parents.
But it was my choice that I became a trader since I am naturally good at that. I started selling sachet water on the high streets of Bandah and later graduated to selling it on a retail basis. Bandah Nkwantah is a very busy place with diversity of people due to the commercial activities.
My Business
I sell or deal in sachet water but on a large scale. I buy about a hundred bags of sachet water with a hundred dollars. After sales, I will make 50% to 70% percent profit on the amount of money invested. I invest back into my business and live also on a percentage of it. I challenge myself every day with my business bearing in mind that hard work is what will produce the needed profits and sales. So I work from dawn to dusk.
Loan Proposal
i sell what we locally call pure water which is actually sachet water. if my loan is funded in full, i will use the entire amount to purchase bags of sachet water for sale. however, with the injection of this capital, some people can also come and purchase on small scale for resale.
As at now, one bag of sachet water cost some $2.5 and others also cost $4.00 depending on which one customers demand the most due to branding and quality. so i will use $150 to purchase the one that one bag cost $2.5 and then the remaining $150 will be used to purchase the one that a bag cost $4.00.
both varieties are in equal demand in my community. so in total, i will be getting up to about 300 bags of sachet water for sale and distribution.
i will be so happy that the people of my community will have clean and treated affordable drinking water to consume just through my little effort to expand my business. Then to myself, my profit margin will shoot up and that i will be making a profit of more than 40% of the invested $300. Then also everyday i will work so for sure , i will be able to repay the loan in full in the appointed time and date and as scheduled.
About Me
My name is Akosua Mansah. I am a Ghanaian. I was raised among all boys except my mom. I thus had a little formal education but not much. At least one that allows me to read and write. I basically did not continue my education due to financial difficulties on the side of my parents.
But it was my choice that i became a Trader since i am naturally good at that than intellectually. I started selling sachet water on the high streets of Bandah and later graduated to selling it on retail basis. Bandah Nkwantah is a very busy place with diversity of people due to the commercial activities.
My Business
i sell or deal in sachet water but on a large scale.I buy about hundred Bags of sachet water with a hundred Dollars. and after sales, i will make 50% to 70% percent profit on the amount of money invested. i invest the rest back into my business and live also on a percentage of it. I challenge myself everyday on with my business bearing in mind that hardwork is what will produce the need profits and sales. So i work from dawn to dusk.
Loan Proposal
i sell what we locally call pure water which is actually sachet water. if my loan is funded in full, i will use the entire amount to purchase bags of sachet water for sale. however, with the injection of this capital, some people can also come and purchase on small scale for resale.
As at now, one bag of sachet water cost some $2.5 and others also cost $4.00 depending on which one customers demand the most due to branding and quality. so i will use $150 to purchase the one that one bag cost $2.5 and then the remaining $150 will be used to purchase the one that a bag cost $4.00.
both varieties are in equal demand in my community. so in total, i will be getting up to about 300 bags of sachet water for sale and distribution.
i will be so happy that the people of my community will have clean and treated affordable drinking water to consume just through my little effort to expand my business. Then to myself, my profit margin will shoot up and that i will be making a profit of more than 40% of the invested $300. Then also everyday i will work so for sure , i will be able to repay the loan in full in the appointed time and date and as scheduled.
Feedback
Positive
5
Neutral
None
Negative
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Loan Info
Project Type
Classic Loan
Disbursed amount
$297.00
Date disbursed
Mar 23, 2015
Repayment status
On Time
Projected term
13 months
Other loans
Lenders
Republic of Korea
Halifax, United Kingdom
United States
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Summary
Amount repaid
$363.00
Amount remaining
$0.00
Date repaid
Jul 15, 2015
Status
Fully repaid
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Apr 5, 2015 | $16.33 | Apr 5, 2015 | $16.33 |
| Apr 12, 2015 | $16.33 | Apr 12, 2015 | $16.33 |
| Apr 19, 2015 | $16.33 | Apr 19, 2015 | $16.33 |
| Apr 26, 2015 | $16.33 | Apr 27, 2015 | $16.33 |
| May 3, 2015 | $16.33 | May 5, 2015 | $16.33 |
| May 10, 2015 | $16.33 | May 10, 2015 | $16.33 |
| May 17, 2015 | $0.00 | ||
| May 24, 2015 | $0.00 | ||
| May 31, 2015 | $5.33 | Jun 2, 2015 | $5.33 |
| Jun 7, 2015 | $5.33 | Jun 7, 2015 | $5.33 |
| Jun 14, 2015 | $5.33 | Jun 20, 2015 | $5.33 |
| Jun 21, 2015 | $5.33 | Jun 20, 2015 | $5.33 |
| Jun 28, 2015 | $5.33 | Jun 20, 2015 | $5.33 |
| Jul 5, 2015 | $5.33 | Jun 20, 2015 | $0.67 |
| Jul 5, 2015 | $4.67 | ||
| Jul 12, 2015 | $5.33 | Jul 5, 2015 | $0.67 |
| Jul 13, 2015 | $4.67 | ||
| Jul 19, 2015 | $5.33 | Jul 13, 2015 | $5.33 |
| Jul 26, 2015 | $5.33 | Jul 13, 2015 | $5.33 |
| Aug 2, 2015 | $5.33 | Jul 13, 2015 | $5.33 |
| Aug 9, 2015 | $5.33 | Jul 13, 2015 | $5.33 |
| Aug 16, 2015 | $5.33 | Jul 13, 2015 | $5.33 |
| Aug 23, 2015 | $5.33 | Jul 13, 2015 | $5.33 |
| Aug 30, 2015 | $5.33 | Jul 13, 2015 | $5.33 |
| Sep 6, 2015 | $5.33 | Jul 13, 2015 | $5.33 |
| Sep 13, 2015 | $5.33 | Jul 13, 2015 | $5.33 |
| Sep 20, 2015 | $5.33 | Jul 13, 2015 | $5.33 |
| Sep 27, 2015 | $5.33 | Jul 13, 2015 | $5.33 |
| Oct 4, 2015 | $5.33 | Jul 13, 2015 | $5.33 |
| Oct 11, 2015 | $5.33 | Jul 13, 2015 | $5.33 |
| Oct 18, 2015 | $5.33 | Jul 13, 2015 | $5.33 |
| Oct 25, 2015 | $5.33 | Jul 13, 2015 | $5.33 |
| Nov 1, 2015 | $5.33 | Jul 13, 2015 | $5.33 |
| Nov 8, 2015 | $5.33 | Jul 13, 2015 | $5.33 |
| Nov 15, 2015 | $5.33 | Jul 13, 2015 | $5.33 |
| Nov 22, 2015 | $5.33 | Jul 13, 2015 | $5.33 |
| Nov 29, 2015 | $5.33 | Jul 13, 2015 | $5.33 |
| Dec 6, 2015 | $5.33 | Jul 13, 2015 | $5.33 |
| Dec 13, 2015 | $5.33 | Jul 15, 2015 | $5.33 |
| Dec 20, 2015 | $5.33 | Jul 15, 2015 | $5.33 |
| Dec 27, 2015 | $5.33 | Jul 15, 2015 | $5.33 |
| Jan 3, 2016 | $5.33 | Jul 15, 2015 | $5.33 |
| Jan 10, 2016 | $5.33 | Jul 15, 2015 | $5.33 |
| Jan 17, 2016 | $5.33 | Jul 15, 2015 | $5.33 |
| Jan 24, 2016 | $5.33 | Jul 15, 2015 | $5.33 |
| Jan 31, 2016 | $5.33 | Jul 15, 2015 | $5.33 |
| Feb 7, 2016 | $5.33 | Jul 15, 2015 | $5.33 |
| Feb 14, 2016 | $5.33 | Jul 15, 2015 | $5.33 |
| Feb 21, 2016 | $5.33 | Jul 15, 2015 | $5.33 |
| Feb 28, 2016 | $5.33 | Jul 15, 2015 | $5.33 |
| Mar 6, 2016 | $5.33 | Jul 15, 2015 | $5.33 |
| Mar 13, 2016 | $5.33 | Jul 15, 2015 | $5.33 |
| Mar 20, 2016 | $5.33 | Jul 15, 2015 | $5.33 |
| Mar 27, 2016 | $5.33 | Jul 15, 2015 | $5.33 |
| Apr 3, 2016 | $5.33 | Jul 15, 2015 | $5.33 |
| Apr 10, 2016 | $5.33 | Jul 15, 2015 | $5.33 |
| Apr 17, 2016 | $5.33 | Jul 15, 2015 | $5.33 |
| Apr 24, 2016 | $5.33 | Jul 15, 2015 | $5.33 |
| May 1, 2016 | $5.33 | Jul 15, 2015 | $5.33 |
| May 8, 2016 | $3.67 | Jul 15, 2015 | $3.67 |
Janet Merrill Miller Apr 2, 2017
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