Spare parts for my car

Michael

Central Region/ Kakumdo, Ghana

100% repaid

Entrepreneur

Name

Michael

Member since

July 2016

On-time repayments

35 installments  •  57%

About Me

I am Michael Agyapong from Kakumdo in the central Region and I am twenty three years of age. I schooled at Kakumdo junior high school and proceeded to Cape Coast technical Institute where I studied auto mechanical engineering.
After school life was a though game so I started working as a commercial driver. I have been working in as a driver till now.
With the little amount I managed to save, I reached an agreement with my car owner and he accepted $1000 I saved and instructed me to pay the remaining on an installment.
I thing I like about my job is that no matter how bad business is I manage to get my daily sales.
Central Region is a region full of tourist sites and beautiful landmarks.
I want my future children to be prosperous.
I like football and swimming.

My Business

I drive passengers to their destination in exchange for money.
My business is in high patronage because the number of cars to people in the region is 1:120. So it's high in demand.
I chose this business because it is highly patronized.
My typical cost is $20 a day and I love it.
I save 50% of my salary which is $30 and the remaining for mentaince.

Loan Proposal

I intend to use my loan to buy spare parts for my car. Car business is the business which I have been into for years is very lucrative business. This business generates me an income of $20 a day. I promise to use my loan to buy spare parts and also fuel for my car.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$9.00

Date disbursed

Aug 5, 2016

Repayment status

On Time

Projected term

6 weeks

Lenders

NH

Nancy Hull

United States

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Summary

Amount repaid

$9.29

Amount remaining

$0.00

Date repaid

Sep 24, 2016

Status

Fully repaid

Repayment History

Expected Payments Actual Payments
Aug 17, 2016 $1.81 Aug 17, 2016 $1.81
Aug 24, 2016 $1.81 Aug 24, 2016 $1.81
Aug 31, 2016 $1.81 Aug 31, 2016 $1.81
Sep 7, 2016 $1.81 Sep 7, 2016 $1.81
Sep 14, 2016 $1.81 Sep 7, 2016 $1.81
Sep 21, 2016 $0.26 Sep 24, 2016 $0.26

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