To expand my clean water distribution service
Stephen
Berekum, Ghana
68% repaid
Entrepreneur
Name
Stephen
Member since
April 2015
On-time repayments
125 installments • 23%
About Me
I am Gyan Stephen, a young Ghanaian who started my basic education at Berekum Grace primary school. I then continued to Berekum Senior High School and completed in 2009. I am the eldest of four with two of my junior brothers currently at the Senior High School. I have graduated from the Professional Institute where I studied professional courses in customer services and sales and marketing at Accra. After my graduation, I decided to set up a water production and distribution company with my uncle who offered Chemistry at the Kwame Nkrumah University of Science and Technology in Kumasi. I started this company to generate a little income to help my mother take care of the younger ones. She is truly a hard working woman and I thank her for whatever she has done for me but I feel it is time for me to fend for myself. My people are kind and care for each other. I like watching football and also reading books.
My Business
At the company, we manufacture filtered water and sell to customers around and far from the area. We have wholesale and retails. The water we manufacture is really needed for healthy growth. The demand for the water is very high because people require water each day. It is essential to the body and helps the body carry out so many life processes. I chose to do this type of business with my uncle because I realized that my community lacks clean source of water. There are so many water wash diseases in the community since the access to water is not enough. Also I chose this business to raise some funds to help my family and some needy ones in the community and the whole region as well. We don't spend much each month since this is a start-up company. Apart from the heavy machines we use, each month, we spend about close to $400. Right now, we are doing reinvestment so we don't save all the money. We generate profit though. We have decided to reinvest the profit we get from the expansion of the company when the loan is given to us. Thank you.
Loan Proposal
Thank you for my first loan. After graduation, I have set up a water production and distribution company. It is a new company though. When I am given the loan I have requested, I will buy more sachet rubbers, hire enough workers, hire tricycles normally called motor King in Ghana, and filter, and membranes. These will cost around $600 to $700 so I will support it with the little that I have been able to raise. Since there are so many remote areas here, I will first buy the motor King so that I am able to supply the areas where the heavy trucks cannot go. It has been reported that most of my are ill due to cholera so I have decided to make it my responsibility to provide them clean and safe water. This will help reduce the water washed and water borne diseases in the community and provide healthy growth. The loan will increase my profit by about 30% and also help my people in the area. Thank you.
Feedback
Positive
None
Neutral
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Negative
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Loan Info
Project Type
Classic Loan
Disbursed amount
$285.00
Date disbursed
Sep 21, 2015
Repayment status
Late
Projected term
25 months
Other loans
Lenders
United States
Denver, CO USA, United States
United States
Summary
Amount repaid
$187.50
Amount remaining
$89.00
Expected completion
Nov 5, 2017
Status
Repaying late
Installment amount
$2.50
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Oct 4, 2015 | $5.00 | Oct 8, 2015 | $5.00 |
| Oct 11, 2015 | $2.50 | Oct 26, 2015 | $2.50 |
| Oct 18, 2015 | $2.50 | Oct 26, 2015 | $2.50 |
| Oct 25, 2015 | $2.50 | Oct 31, 2015 | $2.50 |
| Nov 1, 2015 | $2.50 | Nov 16, 2015 | $2.50 |
| Nov 8, 2015 | $2.50 | Nov 16, 2015 | $2.50 |
| Nov 15, 2015 | $2.50 | Nov 16, 2015 | $2.50 |
| Nov 22, 2015 | $2.50 | Dec 3, 2015 | $2.50 |
| Nov 29, 2015 | $2.50 | Dec 3, 2015 | $2.50 |
| Dec 6, 2015 | $2.50 | Dec 7, 2015 | $2.50 |
| Dec 13, 2015 | $2.50 | Dec 27, 2015 | $2.50 |
| Dec 20, 2015 | $2.50 | Jan 5, 2016 | $2.50 |
| Dec 27, 2015 | $2.50 | Jan 5, 2016 | $2.50 |
| Jan 3, 2016 | $2.50 | Feb 23, 2016 | $2.50 |
| Jan 10, 2016 | $2.50 | Feb 23, 2016 | $2.50 |
| Jan 17, 2016 | $2.50 | Feb 23, 2016 | $2.50 |
| Jan 24, 2016 | $2.50 | Feb 23, 2016 | $2.50 |
| Jan 31, 2016 | $2.50 | Feb 23, 2016 | $2.50 |
| Feb 7, 2016 | $2.50 | Mar 8, 2016 | $2.50 |
| Feb 14, 2016 | $2.50 | Mar 8, 2016 | $2.50 |
| Feb 21, 2016 | $2.50 | Apr 11, 2016 | $2.50 |
| Feb 28, 2016 | $2.50 | Apr 11, 2016 | $2.50 |
| Mar 6, 2016 | $2.50 | Apr 11, 2016 | $2.50 |
| Mar 13, 2016 | $2.50 | Apr 11, 2016 | $2.50 |
| Mar 20, 2016 | $2.50 | Apr 11, 2016 | $2.50 |
| Mar 27, 2016 | $2.50 | Apr 19, 2016 | $2.50 |
| Apr 3, 2016 | $2.50 | Apr 19, 2016 | $2.50 |
| Apr 10, 2016 | $2.50 | Apr 19, 2016 | $2.50 |
| Apr 17, 2016 | $2.50 | May 4, 2016 | $2.50 |
| Apr 24, 2016 | $2.50 | May 4, 2016 | $2.50 |
| May 1, 2016 | $2.50 | May 4, 2016 | $2.50 |
| May 8, 2016 | $2.50 | May 4, 2016 | $2.50 |
| May 15, 2016 | $2.50 | Jul 4, 2016 | $2.50 |
| May 22, 2016 | $2.50 | Jul 4, 2016 | $2.50 |
| May 29, 2016 | $2.50 | Jul 4, 2016 | $2.50 |
| Jun 5, 2016 | $2.50 | Jul 4, 2016 | $2.50 |
| Jun 12, 2016 | $2.50 | Jul 4, 2016 | $2.50 |
| Jun 19, 2016 | $2.50 | Aug 5, 2016 | $2.50 |
| Jun 26, 2016 | $2.50 | Aug 5, 2016 | $2.50 |
| Jul 3, 2016 | $2.50 | Aug 5, 2016 | $2.50 |
| Jul 10, 2016 | $2.50 | Aug 5, 2016 | $2.50 |
| Jul 17, 2016 | $2.50 | Aug 24, 2016 | $2.50 |
| Jul 24, 2016 | $2.50 | Aug 24, 2016 | $2.50 |
| Jul 31, 2016 | $2.50 | Aug 24, 2016 | $2.50 |
| Aug 7, 2016 | $2.50 | Aug 24, 2016 | $2.50 |
| Aug 14, 2016 | $2.50 | Sep 6, 2016 | $2.50 |
| Aug 21, 2016 | $2.50 | Sep 6, 2016 | $2.50 |
| Aug 28, 2016 | $2.50 | Sep 6, 2016 | $2.50 |
| Sep 4, 2016 | $2.50 | Oct 5, 2016 | $2.50 |
| Sep 11, 2016 | $2.50 | Oct 31, 2016 | $2.50 |
| Sep 18, 2016 | $2.50 | Oct 31, 2016 | $2.50 |
| Sep 25, 2016 | $2.50 | Nov 5, 2016 | $2.50 |
| Oct 2, 2016 | $2.50 | Nov 5, 2016 | $2.50 |
| Oct 9, 2016 | $2.50 | Nov 15, 2016 | $2.50 |
| Oct 16, 2016 | $2.50 | Nov 15, 2016 | $2.50 |
| Oct 23, 2016 | $2.50 | Nov 15, 2016 | $2.50 |
| Oct 30, 2016 | $2.50 | Nov 30, 2016 | $2.50 |
| Nov 6, 2016 | $2.50 | Nov 30, 2016 | $2.50 |
| Nov 13, 2016 | $2.50 | Dec 8, 2016 | $2.50 |
| Nov 20, 2016 | $2.50 | Dec 8, 2016 | $2.50 |
| Nov 27, 2016 | $2.50 | Dec 28, 2016 | $2.50 |
| Dec 4, 2016 | $2.50 | Jan 5, 2017 | $2.50 |
| Dec 11, 2016 | $2.50 | Jan 23, 2017 | $2.50 |
| Dec 18, 2016 | $2.50 | Jan 23, 2017 | $2.50 |
| Dec 25, 2016 | $2.50 | Feb 28, 2017 | $2.50 |
| Jan 1, 2017 | $2.50 | Feb 28, 2017 | $2.50 |
| Jan 8, 2017 | $2.50 | Feb 28, 2017 | $2.50 |
| Jan 15, 2017 | $2.50 | Feb 28, 2017 | $2.50 |
| Jan 22, 2017 | $2.50 | Feb 28, 2017 | $2.50 |
| Jan 29, 2017 | $2.50 | Apr 5, 2017 | $2.50 |
| Feb 5, 2017 | $2.50 | Apr 27, 2017 | $2.50 |
| Feb 12, 2017 | $2.50 | Apr 27, 2017 | $2.50 |
| Feb 19, 2017 | $2.50 | Apr 27, 2017 | $2.50 |
| Feb 26, 2017 | $2.50 | Apr 27, 2017 | $2.50 |
| Mar 5, 2017 | $2.50 | ||
| Mar 12, 2017 | $2.50 | ||
| Mar 19, 2017 | $2.50 | ||
| Mar 26, 2017 | $2.50 | ||
| Apr 2, 2017 | $2.50 | ||
| Apr 9, 2017 | $2.50 | ||
| Apr 16, 2017 | $2.50 | ||
| Apr 23, 2017 | $2.50 | ||
| Apr 30, 2017 | $2.50 | ||
| May 7, 2017 | $2.50 | ||
| May 14, 2017 | $2.50 | ||
| May 21, 2017 | $2.50 | ||
| May 28, 2017 | $2.50 | ||
| Jun 4, 2017 | $2.50 | ||
| Jun 11, 2017 | $2.50 | ||
| Jun 18, 2017 | $2.50 | ||
| Jun 25, 2017 | $2.50 | ||
| Jul 2, 2017 | $2.50 | ||
| Jul 9, 2017 | $2.50 | ||
| Jul 16, 2017 | $2.50 | ||
| Jul 23, 2017 | $2.50 | ||
| Jul 30, 2017 | $2.50 | ||
| Aug 6, 2017 | $2.50 | ||
| Aug 13, 2017 | $2.50 | ||
| Aug 20, 2017 | $2.50 | ||
| Aug 27, 2017 | $2.50 | ||
| Sep 3, 2017 | $2.50 | ||
| Sep 10, 2017 | $2.50 | ||
| Sep 17, 2017 | $2.50 | ||
| Sep 24, 2017 | $2.50 | ||
| Oct 1, 2017 | $2.50 | ||
| Oct 8, 2017 | $2.50 | ||
| Oct 15, 2017 | $2.50 | ||
| Oct 22, 2017 | $2.50 | ||
| Oct 29, 2017 | $2.50 | ||
| Nov 5, 2017 | $1.50 | ||
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