Loan to buy generator to support my business
Kofi
Mpatasie, Ghana
0% repaid
Entrepreneur
Name
Kofi
Member since
February 2018
On-time repayments
71 installments • 93%
About Me
The fourth born of seven. A senior high school graduate who obtained his secondary education from Berekum senior high school. I am currently self employed and also work as a part timer for a non-governmetal organization company who are into afforestation in my area here.. I am about twenty six years old. I dream of furthering my education to become a teacher in future. The people here in my community are mostly subsistence farmers. They farm to feed their families and sell less. The comcmunity lacks many activities. I am hoping to continue my education this year I will use my savings and loans I raise from this organization to further my education and keep my company functioning at the same time. This organization is helping most people I must comfess I am a benefit as well since Joining this organization I am not under pressure considering paying my loan.
My Business
I operate a video centre where I show football matches and other sports. I show matches from major leagues like the English premiership,Spain league,Germany league Italy and many other leagues around the world. I also operate video game centre in addition People come to play to ease tension and pressure. I earn money on daily basis.I also work on part time basis with a souuth african based company which has a branch here in my area here . This company is purely into planting trees (afforestation). This company pay me on monthly basis. I use my profit to re invest in the business. I also want to enter into transportation business. I want to buy car to offer services to people in my community, region and country as a whole. As a plan to make this dreaming com to reality I want to raise loan here to support my motive and vision. Lenders I am counting on you for my loan to be funded on time.
Loan Proposal
My lenders with the previous loans I have been able to buy new and modern televisions to my video centre. One major problem that I want to overcome is light problem. When ever I depend on only electricity for light power. When ever the light goes off I business does not move. I want to overcome this big problem of electricity and so I want to buy a generator and use it as a standby power supply. This generator will cost around GHs 300.00 to 3500. The remaining sum will be used to buy another television to support this same business. Since joining this zidisha organisation It has been really helpful to me and my entire family. I believe my lenders will help with the funding of this loan too. My transportation business is still on mind. I will repay this loan and whiles paying it I will also save money so that I will add it up to my next loan to start the transportation business. This organisation has indeed come to help we the smaller business operators. I will also use the opportunity to thank my lenders once again for been supportive to my business.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$1,253.00
Date disbursed
Apr 26, 2019
Repayment status
Late
Projected term
4 months
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