Entrepreneur
Name
Yeboah
Member since
February 2016
On-time repayments
211 installments • 13%
About Me
I am called Yeboah Silas. I am 28 years of age, dark in complexion and moderately built. I come from Atebubu in the Brong Ahafo Region of Ghana. I am from a family of three and the first son of my parents. I had my primary and Basic Education at the Atebubu D/A Basic School and furthered at Amantin Senior High School in the Brong Ahafo Region of Ghana. I could not continue to the tertiary level due to financial hardships. My father died when I was 18 years old so I was catered for by my mother alone. My mother is a poor farmer so no money to further to the tertiary level of the educational ladder. I am a self-employed. I run my own agro chemical business. I entered into this business due to the high demand for agro chemical products. Over the few years of my practice, I have been able to employ two people who have been giving a helping hand at the shop. The food I like best Fufu and bush meat soup. The game I like best I is football. My hobbies are reading, swimming and watching football.
My Business
The name of my agro chemical shop is "THE FAVOUR OF THE LORD AGRO CHEMICALS". It is located at Atebubu along the Atebubu-Kumasi main road. I started the business about 5 years ago. When I stared, I use to sell the products on Tuesdays which is the market day of Atebubu. I started this way because I have no shop to keep the products so I do keep them in the house then on Tuesdays I bring them to the market to sell. Gradually, I managed to get small metal container in which I now keep the products and sell them everyday. I sell agro chemical products like fertilizers,pesticides weedicides etc. I have employed two workers who have been helping me always at the shop. I live in a farming community so my products go on well for me. I was able to get profit ranging from $35 to $60 every week. Which assist me to cater for my family. My prime aim is to expand the business so that I can employ more people to reduce the unemployment rate in my country.
Loan Proposal
Dear lenders, I wish to apply for a loan of $100 to expand my agro chemical business. When given this loan, I will use it to buy more fertilizers into my shop. Dear lenders the amount I have is not enough so please assist me with the loan. When this loan is given to me, it will help me purchase more fertilizer. This will also go a long way to help me increase my profit margin by 65% every week. Since my business is sited in a farming community, there is a high demand for fertilizers so with your help, my business can be expanded. I hope my loan will be considered fully funded on time. I promise to repay my loan on time. I will also agree to any terms and conditions given. Dear lenders please come to my aid. Thank you.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$100.00
Date disbursed
Mar 3, 2016
Repayment status
On Time
Projected term
3 months
Other loans
Lenders
Summary
Amount repaid
$105.19
Amount remaining
$0.00
Date repaid
May 26, 2016
Status
Fully repaid
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Mar 13, 2016 | $5.25 | Mar 13, 2016 | $5.25 |
| Mar 20, 2016 | $0.00 | ||
| Mar 27, 2016 | $1.31 | Mar 29, 2016 | $1.31 |
| Apr 3, 2016 | $1.31 | Apr 5, 2016 | $1.31 |
| Apr 10, 2016 | $1.31 | Apr 14, 2016 | $1.31 |
| Apr 17, 2016 | $1.31 | May 3, 2016 | $1.31 |
| Apr 24, 2016 | $1.31 | May 3, 2016 | $1.31 |
| May 1, 2016 | $1.31 | May 3, 2016 | $1.31 |
| May 8, 2016 | $1.31 | May 3, 2016 | $1.31 |
| May 15, 2016 | $1.31 | May 18, 2016 | $1.31 |
| May 22, 2016 | $26.23 | May 20, 2016 | $26.23 |
| May 29, 2016 | $26.23 | May 21, 2016 | $26.23 |
| Jun 5, 2016 | $26.23 | May 24, 2016 | $26.23 |
| Jun 12, 2016 | $5.25 | May 26, 2016 | $5.25 |
| Jun 19, 2016 | $5.51 | May 26, 2016 | $5.51 |
| Jun 26, 2016 | $0.00 | ||
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