Entrepreneur
Name
Dorcas
Member since
March 2016
On-time repayments
182 installments • 75%
About Me
My name is Dorcas Afrane. I was born on July 31st, 1977 in Takoradi in the western region of Ghana. I was born into a family of 10 including my parents. I started school when I was 6 years old, but my education was not that smooth because my health was a challenge. As a result of the large family size, I opted for vocational school after completing my basic education.
In 1996, I had a chance to visit my uncle in Nigeria. That short visit turned into almost a decade and half. It was in Nigeria that I dreamt of starting a pastry business, and I started making plantain chips in Nigeria. I returned to Ghana after 14 years in Nigeria.
My Business
Upon my return from Nigeria, I researched to find a good business idea. One thing led to the other, and I determined that a business making plantain chips could flourish here.
So far business has been good. My only challenge is that I need money to expand the business to meet higher demand from my clients.
This a summary of my current weekly expenditures:
- Cooking oil: $28.00
- LPG (gas): $30.00
- Plantains: $90.00
- Polythene (packaging): $13.00
- Transportation: $13.00
-- Total: $180.00, of which I am able to earn $52.00 in a week as profit.
Loan Proposal
My business grows on the ability to attract and keep clients. Selling plantain chips is very lucrative in Sunyani. I wish to apply for a loan of $800.00 to meet demand from my clients. The market is growing for plantain chips, and I believe I am in a good spot to maximise my market share. With this loan, I will be able to produce 4x my current capacity and earn $150.00 per week. I will use the money to buy more plantains, cooking oil, LPG (gas), and polythene packaging. My weekly expenses and income will double with this loan.
Here is a possible summary of my weekly expenses:
- Cooking oil: $40.00
- LPG (petroleum gas): $50.00
- Plantain: $190.00
- Polythene (packaging): $20.00
- Transportation: $15.00,
- Total: $315.00, of which I expect to earn $150 a week as profit
I believe the lenders of Zidisha will help me fulfill my dreams and help increase my family's living standard. Thank you!
About Me
My name is Dorcas Afrane. I was born on 31st July 1977 in Takoradi in the western region of Ghana. I was born into a family of 10 including my parents. I started schooling at 6 years. My schooling was not that smooth because my health was a challenge. And as a result of the large family size, I opted for vocational school after completing my basic education.
In 1996, I had a chance to visit my uncle in Nigeria. The short visit was extended to almost a decade and half. It was in Nigeria that, I dreamt of the business of pastries. I started making plantain chips in Nigeria for a while. I returned to Ghana after 14 years in Nigeria.
My Business
Upon my return from Nigeria, I did survey around for some business to do. One thing led to the other and I realize that my business of making plantain chips will flourish here. My main business is making plantain chips. So far it has been good. My only challenge is the money to expand the business to meet the needs of my clients. This a summary of my weekly expenditure on my business: cooking oil - $28.00, LPG - $30.00, Plantain - $90.00, Polythene – $13.00, Transportation – $13.00 Totalling to $180.00, I am able to get $52.00 in a week as profit.
Loan Proposal
Business grows on the ability to attract and keep clients. Selling of plantain chips is very lucrative in Sunyani. I wish to apply for a loan of $800.00 to meet the needs of my clients. The market is growing for plantain chips and I believe I have a singular purpose to maximise my market share of buyers. With this loan I will be able to produce 4 times my current capacity and I will be earning $150.00 per week. I will be buying more plantains, cooking oil, LPG and polythene. My summary weekly expenditure and income will double given this loan. Summary weekly expenses are: cooking oil - $40.00, LPG - $50.00, Plantain - $190.00, Polythene – $20.00, Transportation – $15.00, Totalling to $315.00. I will be able to get $150 as return on investment resulting in a great improvement in family standard of living. I believe the Lenders of Zidisha will help me fulfil my dreams of increasing my family's living standard. Thank you.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$361.00
Date disbursed
Nov 29, 2016
Repayment status
On Time
Projected term
7 months
Lenders
United States
Los Angeles, United States
United States
United States
Asheville, Nc, United States
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Summary
Amount repaid
$339.53
Amount remaining
$0.00
Date repaid
Jul 10, 2017
Status
Fully repaid
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Dec 11, 2016 | $9.63 | Dec 11, 2016 | $9.63 |
| Dec 18, 2016 | $9.63 | Dec 19, 2016 | $9.63 |
| Dec 25, 2016 | $9.63 | Dec 26, 2016 | $9.63 |
| Jan 1, 2017 | $9.63 | Jan 2, 2017 | $9.63 |
| Jan 8, 2017 | $9.63 | Jan 8, 2017 | $9.63 |
| Jan 15, 2017 | $9.63 | Jan 15, 2017 | $9.63 |
| Jan 22, 2017 | $9.63 | Jan 23, 2017 | $9.63 |
| Jan 29, 2017 | $9.63 | Jan 30, 2017 | $9.63 |
| Feb 5, 2017 | $9.63 | Feb 6, 2017 | $9.63 |
| Feb 12, 2017 | $9.63 | Feb 12, 2017 | $9.63 |
| Feb 19, 2017 | $9.63 | Feb 19, 2017 | $9.63 |
| Feb 26, 2017 | $9.63 | Feb 27, 2017 | $9.63 |
| Mar 5, 2017 | $9.63 | Mar 5, 2017 | $9.63 |
| Mar 12, 2017 | $9.63 | Mar 13, 2017 | $9.63 |
| Mar 19, 2017 | $9.63 | Mar 19, 2017 | $9.63 |
| Mar 26, 2017 | $2.41 | Mar 19, 2017 | $2.41 |
| Apr 2, 2017 | $12.04 | Mar 26, 2017 | $12.04 |
| Apr 9, 2017 | $12.04 | Apr 3, 2017 | $12.04 |
| Apr 16, 2017 | $12.04 | Apr 10, 2017 | $12.04 |
| Apr 23, 2017 | $12.04 | Apr 17, 2017 | $12.04 |
| Apr 30, 2017 | $12.04 | Apr 23, 2017 | $12.04 |
| May 7, 2017 | $12.04 | May 1, 2017 | $12.04 |
| May 14, 2017 | $12.04 | May 8, 2017 | $12.04 |
| May 21, 2017 | $12.04 | May 14, 2017 | $12.04 |
| May 28, 2017 | $12.04 | May 22, 2017 | $12.04 |
| Jun 4, 2017 | $12.04 | May 28, 2017 | $12.04 |
| Jun 11, 2017 | $12.04 | Jun 6, 2017 | $12.04 |
| Jun 18, 2017 | $12.04 | Jun 12, 2017 | $12.04 |
| Jun 25, 2017 | $12.04 | Jun 18, 2017 | $12.04 |
| Jul 2, 2017 | $12.04 | Jun 27, 2017 | $12.04 |
| Jul 9, 2017 | $24.08 | Jul 3, 2017 | $12.04 |
| Jul 10, 2017 | $12.04 | ||
Vicki Stewart Apr 16, 2018
Dorcas Jun 6, 2018
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