Purchase of power generator

Mensah

Drobo, Ghana

100% repaid

Entrepreneur

Name

Mensah

Member since

April 2015

On-time repayments

91 installments  •  45%

About Me

Adjei Mensa is my name. I come from Ampenkro, a village near Drobo in the Brong Ahafo region of Ghana. My parents were peasant farmers who divorced when I was three years. It has been a miracle for my upbringing as a result of a relatively large family (seven siblings) and divorced parents. I had to start fending for myself from a tender age. I completed teacher training college and subsequently the university through the assistance of a good Samaritan. I therefore want to help my younger siblings as well as my nephews and nieces to continue their education and cater for my old mother. My community is a poor one so I intend creating an educational fund through the assistance of benevolent societies to cater for the needy.

My Business

I owe a provision and cold store in a small community called Menji in the Tain district of Ghana. Most of the town folk had to preciously travel about 10 kilometers to have access to meat and other valuable vegetables. I therefore created a cold store to sell fish and frozen chicken for consumption. This has eased the burden on the townsfolk from travelling for these products. I have recently added soft drinks and items for sale. Efforts are being made to purchase an extra refrigerator to make up for the increasing demand for my products.

Loan Proposal

I live in a community where there is erratic power supply. The unstable power supply has lead to the decline and total collapse of most businesses. My products depend solely on electricity and continuous power outage could lead to the rotting of the products.
My main purpose is to purchase a power generator to supplement the hydroelectric power I depend on.
I will require 500 dollars to secure a quality generator for my products. I am a teacher and would use part of my salary to augment my loan to enable me secure the generator.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$191.00

Date disbursed

Dec 20, 2015

Repayment status

On Time

Projected term

3 months

Lenders

dlpringle

Denver, United States

B

bugdaniel

Switzerland

I

Ian

United Kingdom

WE

Wendy Emlyn

Devon, United Kingdom

R

Ryan

United States

Ask Mensah a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.

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  • Mensah    Oct 11, 2016

    I had to assist my sister who gained admission to the Midwifery and Nursing Training College to pay her fees. This has taken considerable told on my finances and business. Since business is quite good I hope I would be able to turn things around and be able to adjust payments upwards.

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  • Mensah    Sep 24, 2016

    I am glad to announce that I have received a loan of $193 from Zidisha. This money would be used to purchase vegetables to stock my shop. I am very grateful to my lenders and the entire Zidisha community.

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  • Mensah    Sep 22, 2016

    I thank my lenders and the entire zidisha team for funding my loan. This loan would help me a great deal in purchasing stock for my grocery shop.

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  • Mensah    Sep 15, 2016

    I am happy to announce to the entire Zidisha community that I have finally paid my loan fully. The loan enabled me to increase my stock and generate a reasonable income to support my family. I am very grateful.

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  • Mensah    Apr 29, 2016

    I have finally received my loan from Zidisha. I will use the amount to expand my business. I am highly grateful

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  • Mensah    Apr 13, 2016

    My loan has finally been funded. I will use the money to increase the frozen beef,chicken and fish that I buy to stock my refrigerator. I am hopeful that this will maximize my profit. I am grateful to my lenders and the entire zidisha community. Thank you very much!

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  • Mensah    Mar 31, 2016

    I'm grateful to my lenders for helping me secure a power generator to augment power supply. I always have well frozen beef, chicken and fish for my shop.

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  • Wendy Emlyn    Mar 6, 2016

    Hello Mensah, can you get in touch with Zidisha to reduce your payments to a more manageable level? That is better than letting yourself get behind with your payments, which can make it harder to get a future loan.
    God bless you,
    Wendy

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  • Mensah    Jan 8, 2016

    I have spent much in securing a power generator to augment the power supply. I therefore need to pay less to enable me have enough money to maintain my stock

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  • Mensah    Dec 20, 2015

    I'm grateful to my lenders for funding this loan. It'll enable me secure a power generator which will keep my products frozen in an event of black out( there is erratic power supply in my country).

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  • Mensah    Dec 7, 2015

    I want to thank the entire zidisha community for this loan. The loan has helped me expand my stock. I have been able to double my stock over the period I had assess to the loan. I have been able to add other products like pork, beef and offals to my stock. The profit I have accrued was used in paying my siblings fees.

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  • Mensah    Aug 22, 2015

    I thank my lenders for this loan. I will be able to expand by cold store by increasing my stock and also generate income to support my siblings ' education.

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  • Mensah    Aug 12, 2015

    I'm happy to say that zidisha's loan has been a blessing to me. My stock has increased tremendously and I have been able to secure a power generator to stabilize my business due to erratic power supply in my country. I have been able to pay the fees of my two siblings and supported a sibling in his farming.

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  • Mensah    Jul 23, 2015

    I'm glad to announce that my loan has been funded. It would enable me secure a power generator for my cold store due to erratic power supply in my country. I will also increase my stock and hire an extra hand to help me operate my shop.

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  • Mensah    Jul 13, 2015

    I'm so happy to announce to the zidisha community and particularly my lenders about my successful completion of the payment of my first loan. Through the assistance given to me, my sales doubled within the last two months and I have successfully purchased a refrigerator for my business.

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  • Mensah    Jun 23, 2015

    Business is improving.

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  • Mensah    Jun 9, 2015

    There has been an improvement in sales.

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  • Mensah    May 18, 2015

    I have received my first loan and would like to say a big thank you to my lender .

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  • Sarfo    May 5, 2015

    I recommend master Adjei Mensa for loan funding. He is trustworthy and his business is worth investing. I have personally visited his shop. I'm highly optimistic that he will maintain an on time payment if his loan is approved.

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  • Mensah    Apr 30, 2015

    I'm very grateful that my application has been accepted and posted for funding. I hope I would get funders soon enough. I'm going to ensure on time payment once funded. Thanks!

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