Evans
Ho Agortime, Kpetoe, Ghana
16% repaid
Name
Evans
Member since
March 2016
On-time repayments
195 installments • 14%
Evans Opoku is my name and I am a Ghanaian. I come from a family of three boys and three females with mom and dad we make eight in all. that is quiet huge. As a child, I was good with books and so I got encouraged a lot to continue learning but his was going to come to an end due to financial constraint from the part of my parents right after junior high school.
I deal in the sowing of sachet water bags so I sow it mainly for Aqua Dove mineral water. When I left junior high school and I could not further it, my father bought me my first sowing machine and gave me to a man who was already in this business and for just two years I had the chance to work on my own. The business is good, production is in mass quantity and that is to assure our business of sowing sachet water bags.
I sow sachet water bags in my community for small sachet water producing companies. I usually buy the rubber and do the designs and later the sowing. so when I invest in say $200, mostly I make a profit of not less than 60%. I choose this because I saw a huge market and demand for such a service and that was when sachet water was emerging. I put back much of the money that I make into my business and the rest for my upkeep and I do remit my parents too a lot.
This loan when funded will help me reach my targets and make much profit and also to help provide the people of my community with portable drinking water...
When I receive this funding, I will buy $200 worth of Rubber which I will use to sow sachet water bags for my clients. Then I will use the rest of the $50 to buy ink for our printing machine which does the designing of the companies logo on the rubbers before I sow them.
This will increase my profits, this will help provide clean and portable drinking water for the people of my community. With this investment of $250.00 , I expect to have a profit of not less than 50% as returns on invested capital.
With this margin, I will be surely able to repay my loan per arrangements going forward..
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Project Type
Classic Loan
Disbursed amount
$250.00
Date disbursed
Apr 27, 2016
Repayment status
Late
Projected term
45 months
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