Inventory of ladies' handbags

Richard

Obuasi, Ghana

100% repaid

Entrepreneur

Name

Richard

Member since

April 2016

On-time repayments

146 installments  •  49%

About Me

Born and raised in Obuasi, Ashanti Region of Ghana, I have always loved this town for its business opportunities it creates. At elementary school, I developed an intense enthusiasm for business management and entrepreneurship. So I pursued business electives as my course of study at high school and graduated with distinction mostly due to my urge for trade. Coming from a less privileged home, I still overcame the challenges of spending and saved quite an amount of money to realize my dreams of becoming a renowned businessman in my town. Though it has not being all roses but I have developed a philosophy of saving more, reinvesting more and expecting more. This philosophy has helped me throughout these years.

My Business

Bags retail has being my business since graduating from school. I conceived this business idea whilst still a student. This was due to the fashion trend that hit the school and the nation at large. Ladies would prefer once daily meal with luxurious wardrobe to a less-fashionable three square meal a day. After graduating, I commenced this ladies bags business with the little savings I had accumulated over time. With a 20% profit at start, mainly due to the high demand of the bags, I knew straight ahead that with a high business capital I would soon become a big businessman. Though supporting my little siblings, I always manage to reinvest at least 55% of the business profits.

Loan Proposal

With high prospects for my bags business due to its inelastic demand, and through your benevolent lending I have positioned my business to a standard I much appreciate today. And as strength and growth come only through continuous effort and struggle, I seek a third loan of about $500 to help me outspread my business which will bolster my profits by at least 30%. With your lend-lease, am certain you can put a smile not only on my face but likewise on the faces of the whole family that depend on my livelihood. Thank you for your benevolence.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$505.00

Date disbursed

Feb 2, 2017

Repayment status

On Time

Projected term

5 months

Lenders

Paul Buchheit

Mountain View, United States

PG

Paul Graham

United States

Craig Newmark

United States

The Zinc Team

San Francisco, United States

Humble Bundle Community

San Francisco, United States

A

Anonymous

United States

Paul Buchheit

Mountain View, United States

M

Mary

United States

A

Anonymous

United States

JG

Jake Gibson and Beverly Picardo

San Francisco, United States

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  • Richard    Feb 17, 2022

    I am changing the installment amount to be able to pay conveniently

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  • Richard    Feb 10, 2022

    I am requesting a change in my installment amount in order to repay with ease

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  • Richard    Feb 3, 2022

    I am by this requesting a change in installment amount in order to be able to pay conveniently

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  • Richard    Jan 19, 2022

    I am requesting an installment adjustment so to be able to pay on time

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  • Richard    Jan 12, 2022

    To easily repay

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  • Richard    Dec 25, 2021

    For better repayments

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  • Richard    Dec 15, 2021

    To repay well

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  • Alfred    Dec 15, 2021

    Dear lenders,
    Richard said he will do his best to complete his repayments on time.

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  • Richard    Dec 1, 2021

    Readjusting for better repayment

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  • Richard    Oct 27, 2021

    To be able to repay easily on time

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  • Richard    Sep 22, 2021

    Scheduling for better repayment rate

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  • Richard    Aug 20, 2021

    .

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  • Richard    Jul 15, 2021

    Adjusting instalment

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  • Richard    May 14, 2021

    To repay on time

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  • Richard    Apr 6, 2021

    To maintain an better replacement rate

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  • Richard    Mar 14, 2021

    I'm much grateful for this loan. With this loan I can purchase more goods and expand my business.
    Thanks to all my lenders.

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  • Richard    Mar 8, 2021

    I'm much grateful for this loan. Stocks will be immediately purchased as I see my business flourishing due to the benevolence of all my lenders. Thank you

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  • Richard    Feb 24, 2021

    With the high prospects for my bags business due to its inelastic demand, and through your generous lending I have positioned my business to a level I much appreciate today, exploring several online avenues to market and sell my products during this pandemic season.
    As strength and growth comes only through continuous efforts and struggle, I seek a fifth loan to help me expand my business. With this loan fund, I believe my profits would increase to about 35% and with all certainty I know it will put a smile not only on my face but also on the faces of the whole family that depend on my livelihood.
    Thank you for your endless support and benevolence.

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  • Kenneth    Jan 14, 2021

    He was not feeling too well ,but he is okay now,will continue to make payment from Friday this week.

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