New engine fofr my taxi

Samuel

Techiman, Ghana

54% repaid

Entrepreneur

Name

Samuel

Member since

August 2017

On-time repayments

153 installments  •  82%

About Me

I was born on the 4th march 1979 in at Wenchi in the brong ahafo region. I attended R/C basic school and completed in 1995. I proceeded to Koforidua Secondary Technical School in the eastern region and completed in 1998. Stayed in the house for two years to better my results. In 2000 I was admitted at Jasikan Teacher Training College and completed in 2003 which I became a teacher and was posted to Wenchi.
after ten years of teaching I bought a taxi which I drive myself in other to earn an extra income to help me to cater for my family. The land or culture of where I live is a business town that is Techiman. My children want to be highly respected persons who contribute positively to national development. i used to play and love football.

My Business

I drive taxi and also a teacher. These service is important because people need transport to be able to move from their home to workplace.
I choose the transport business because it has good returns.
The typical costs and revenue is the renewal of roadworthy certificate, insurance, income tax and maintenance of the car.
Part of the profit is used to make savings, pay school fees for children and then home improvements.

Loan Proposal

I will use the money to buy an engine for my taxi and the amount involve will cost $400.00.
The taxi when fixed with new engine will help myself and others in the discharge of my duties and will help the car run efficiently. This car will help me to send my children to and fro to school. The taxi also help me to make more profit as when it run efficiently will increase my daily sales and will increase profit in my business.
This will help me to repay the loan and also help in the upkeep of my family and help me pay for my children school fees.
Hope my proposal will be accepted.
Thanks.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$382.00

Date disbursed

Nov 4, 2017

Repayment status

Late

Projected term

33 months

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  • Samuel    Aug 11, 2018

    For some time now I had a problem for my business. Which is affecting my income and not able me to pay the earlier instalment.

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  • Stephen    Jul 12, 2018

    Please you are in arrears now , kindly settle it now. Thank you

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  • Samuel    Feb 7, 2018

    For about three months now I have not be able to work with my car which makes it difficult to repay the current amount.

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  • Samuel    Nov 25, 2017

    My taxi developed a mechanical fault hence will not be able to repay the 50Gh for my next installment. I wish to increase the installment when i am relived.
    Thanks.

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  • Samuel    Nov 2, 2017

    Thanks so much for the loan. I will use it to buy an engine.
    It will help my taxi to run efficiently and increase my sales daily.
    I must grateful.

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