Loan for baking ingredient and equipment
Richard
Elmina In Cape-coast, Ghana
100% repaid
Entrepreneur
Name
Richard
Member since
February 2015
On-time repayments
291 installments • 58%
About Me
I am Richard Asamoah, 25 years old. I started my primary education at Super Confidence International School. I furthered my junior education at T. I. Ahmadiyya Junior High School - Asokwa. After I obtained my Junior High certificate, things became unbearable for me. So I had to leave my parents and I lived with a relative. I like the Ashanti culture because I could see them eating "fufu" early morning or late at night. Moreover, their language is very powerful in the sense that is dominating all over Ghana. What I enjoy most is table tennis, the reason being that it involves all the body parts and is also good exercise.
My Business
My business is entitled Good Father Bakeries. It is located at Asokore Mampong. Initially, I was the only baker who established myself there, so the demand and supply were very high and I was making quite some profit. I chose this business because my locality didn't have any bakery centre, so after awhile I decided to venture into that. The interest, or better still the profit gained, is reinvested into the business to extend my productions. I want to produce on a larger scale to provide for the length and breadth of Kumasi.
Loan Proposal
I WILL BUY BAKING FLOUR.
As afore said i will buy again baking flour together with baking equipment to enhance my baking business. The baking flour and the equipment will cost $ 950.
Per my business records, the business has increased tremendously from April 2016 till now.
If the figure coated above is disbursed the profit percentage will inctease from 20% to 31%.
Thank you
About Me
I am Richard Asamoah, 25 years old and I started my primary education at Super confidence international school were i furthered my junior education at T. I Ahmadiyya Junior High school -Asokwa. After i obtained my Junior High certificate, things became unbearable for me. So had to leave my parents and lived with a relative. I like the Ashanti culture because i could see them eating "fufu" early morning or late at night. And moreover their language is very powerful in the sense that is dominating all over Ghana. What i like enjoying most was table tennis, the reason been that it involves all the body parts and also a good exercise that is.
My Business
My business is entitled Good Father Bakeries located at Asokore Mampong. Initially i were the only baker who eatablised myself there, so the demand and supply were very high and was making quite some profit. I chose this business because, my locality wasnt having any bakery centre so after a while i decided to venture into that. The interest or better still the profit gained is reinvested into the business to extend my productions. I want to produce on a larger scale to providin for the length and breadth of Kumasi.
Loan Proposal
I WILL BUY BAKING FLOUR.
As afore said i will buy again baking flour together with baking equipment to enhance my baking business. The baking flour and the equipment will cost $ 950.
Per my business records, the business has increased tremendously from April 2016 till now.
If the figure coated above is disbursed the profit percentage will inctease from 20% to 31%.
Thank you
Feedback
Positive
3
Neutral
None
Negative
None
Loan Info
Project Type
Classic Loan
Disbursed amount
$643.00
Date disbursed
Jan 24, 2017
Repayment status
On Time
Projected term
11 months
Other loans
Lenders
United States
United States
Jake Gibson and Beverly Picardo
San Francisco, United States
Ask Richard a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.
guenter Aug 20, 2018
Mary Feb 13, 2018
Richard Mar 28, 2018
Loading...