Francis Dominic
Kumasi, Ghana
11% repaid
Name
Francis Dominic
Member since
July 2015
On-time repayments
30 installments • 40%
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.
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.
I want to buy more different brands of external harddrives, Land linephones, Radios, different types of Remote controls, Jetflash or Pen drives, etc etc.The dollar ranges from 10d,12d, up to 100d.
If i get more items, customers will get whatever they need and choose from. By so doing, the demand will increase and i expect the profit margin between 70 to 90%
Positive
None
Neutral
None
Negative
None
Project Type
Classic Loan
Disbursed amount
$233.00
Date disbursed
Nov 16, 2015
Repayment status
Late
Projected term
4 months
Other loans
Amount repaid
$25.00
Amount remaining
$202.25
Expected completion
Apr 3, 2016
Status
Repaying late
Installment amount
$12.50
Expected Payments | Actual Payments | ||
---|---|---|---|
Nov 29, 2015 | $12.50 | Nov 29, 2015 | $12.50 |
Dec 6, 2015 | $12.50 | Jan 12, 2016 | $12.50 |
Dec 13, 2015 | $12.50 | ||
Dec 20, 2015 | $12.50 | ||
Dec 27, 2015 | $12.50 | ||
Jan 3, 2016 | $12.50 | ||
Jan 10, 2016 | $12.50 | ||
Jan 17, 2016 | $12.50 | ||
Jan 24, 2016 | $12.50 | ||
Jan 31, 2016 | $12.50 | ||
Feb 7, 2016 | $12.50 | ||
Feb 14, 2016 | $12.50 | ||
Feb 21, 2016 | $12.50 | ||
Feb 28, 2016 | $12.50 | ||
Mar 6, 2016 | $12.50 | ||
Mar 13, 2016 | $12.50 | ||
Mar 20, 2016 | $12.50 | ||
Mar 27, 2016 | $12.50 | ||
Apr 3, 2016 | $2.25 |
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