Loan to buy cylinder

Richard

Winneba,central Region, Ghana

41% repaid

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How it Works

Entrepreneur

Name

Richard

Member since

June 2015

On-time repayments

248 installments • 27%

About Me

My name is Richard Aduonu . I am a boy of twenty five years old .I was born at Agona Abodom and grew up at Agona Swedru in the central region of Ghana. I started schooling at the age of three years . I completed my basic school at the age of sixteen years old .I further my education to the secondary school at Agona Nsaba Presbyterian secondary school .After secondary school I started selling pure water on the street for about three month and made a savings of about four hundred Ghana cedis(gh400) .I later switch to sell torch light, radio, iron etc. at Winneba central campus. I like this business because it has help me alot in my life .Moreover I settle at winneba because there are many schools there and the Aboakyir festival they use to celebrate which is so special . Finally I couldn't go to university because of hardship in my country. I will like to thank you very much for taken my letter into consideration.

My Business

my business is a sole own business located at Winneba central campus . I started with about four hundred Ghana cedis about four years ago but has expand to about five thousand Ghana cedis . I Sell things like electric iron, fan , extension socket, rice cooker and many more. My business has been moving on successfully since I started, even though I faced some challenges some times . Further more my business is at the road side where many people pass which also contribute to the well being of my business. Moreover , the demand for my goods incease because the thing s I sell are things the students need day- in day-out. Finally my business continue to expand because i use the profit for reinvestment in my business . I thank u for taken my business story into consideration.

Loan Proposal

If you give me the loan I will use it to buy cylinder and add it to my goods and sell. I need the cylinders because most of the people who stay around there use to ask for it and some of the university students also ask for it. One cost about $25 and $15 so if I get it I will buy most and add it to my goods. Moreover it will make my profit increase . I hope my loan will be funded quickly. Thank you