Purchase of electrical parts
Wadawe
Kintampo-brong Ahafo Rigion, Ghana
100% repaid
Entrepreneur
Name
Wadawe
Member since
May 2015
On-time repayments
303 installments • 63%
About Me
My name is wilberforce kofi wadawe.i am single and a member of a family of six. I lost my parent at a very tender age in which i struggle to make ends meet. Through scholarship,i completed senior secondary school and proceeded to koforidua college of education of which i came out to become a teacher at a rural community call Kunsu near Kintampo. I was not able to continue to the university because of money. When i was in the secondary school,i got government scholarship so i was able save USD100 which i use to start my electrical shop business in order to support my family.i also want to support my brothers son who want to become a doctor in the future. I like reading and soccer.
My Business
I am into the sale of electrical appliences. The business is situated at kintampo in the Brong Ahafo region of Ghana. I choose this business because of high demand for electrical parts.i. USD100 to set up the business. The iyerms are in a container.the business is very lucrative with 0.5% risk level of some parts not been purchase ontime but any amount invested in it shall not be at loss. My only challenge is that i have very limited working capital therefore should i get any fund as support, i believe in the next 2 years my business will grow from strength to strength. Now because of the support I received from you I am now at university studying Bsc Information Technology. I pray you continue helping me so that I will be able to graduate.
Loan Proposal
I want the loan to buy enough goods to start a new branch in a new by village which is to be connected to the national grid. I have being visiting the village for the past one month with some of my goods and I have realised that there is a higher demand of the electrical parts because there is no electrical shop there. I have now plan to establish a branch there immediately I receive this loan.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$150.00
Date disbursed
Jan 8, 2016
Repayment status
On Time
Projected term
4 months
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