Name
Rebecca
Member since
January 2017
On-time repayments
216 installments • 41%
I am currently enrolled as a Distance Learning Student with the University of Cape Coast (UCC). I am pursing a Diploma in Basic Education. I hope to graduate by next year and be employed as a professional teacher. Barely a few months ago, I successfully rented a shop, which I am currently using for business to sell vegetables and various cooking ingredients. I am hoping to expand my business and make more profit to be able to pay my school fees and other educational expenses.
I started my business a few months ago by buying a few cooking items such as vegetables and spices and selling from the house. Soon, I realized the market was available so I started searching around my area for a place to rent for my business. By the grace of God, I got a container which was by the road side and not too far from my place of residence. I used my savings to pay the rent fee and the rest to buy a few items to sell. Business has been good but the lack of capital means I purchase goods on smaller scale and this drastically reduces my profit margin. I have currently employed one lady who helps me to take care of the shop.
I will use this loan of GH¢23.00 (Twenty Three Ghana Cedis) to stock up on carrots for my grocery shop. I hope to earn a profit of over 100% of the capital of GH¢23.00 used to buy the carrots after a period of one month. This will enable me to pay back the loan on time. Aside paying back the loan, this will also help my business to grow and eventually help make like better for myself and my family.
Positive
None
Neutral
None
Negative
None
Project Type
Classic Loan
Disbursed amount
$6.00
Date disbursed
May 10, 2017
Repayment status
On Time
Projected term
4 weeks
Other loans
Amount repaid
$5.81
Amount remaining
$0.00
Date repaid
Jun 11, 2017
Status
Fully repaid
Expected Payments | Actual Payments | ||
---|---|---|---|
May 21, 2017 | $0.97 | May 21, 2017 | $0.97 |
May 28, 2017 | $1.69 | May 27, 2017 | $1.69 |
Jun 4, 2017 | $1.69 | Jun 9, 2017 | $1.69 |
Jun 11, 2017 | $1.45 | Jun 11, 2017 | $1.45 |
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