Ruth Harriet
Berekum, Ghana
100% repaid
Name
Ruth Harriet
Member since
March 2015
On-time repayments
90 installments • 27%
My name is Serwaa Ruth Harriet. I come from Berekum in the Brong Ahafo Region. I am 32 years old. I started my basic education at AKAB Complex School at Berekum and continued at Techiman Senior Secondary school. After completing, I decided to continue my tertiary education in one of the tertiary institutions, but due to financial difficulties I was withdrawn from college. I am now married and blessed with two boys.
When I was in the secondary school, I developed a habit of selling so when I was withdrawn from college, I started a petty trading. I was engaged in the selling of onion, garden eggs, tomatoes, pepper and many more. I entered into the selling of clothes in 2012 with a based capital of about 600 dollars.
I am punctual at church, decent and humble. I am currently the church youth group.
I started my clothes business in 2012 with a based capital of about 600 dollars. This money was raised from a profit I had when I was in a petty trading. I entered into clothes selling after studying the market in the area where I am living. I saw that there is nobody living in the area and sells clothes. The people who sells clothes to us are all from different areas so I decided to change my petty trading to clothes selling.
At first it was difficult in getting customers but when people find out that I was in clothes business, they all started coming to me. Now when there is a programme in my community and even my church, people order clothes from me. People in my area and church trust me a lot so sometimes, I am giving the to buy them clothes that I am not having. I am able to make a profit of about 75 dollars in a week. I use some of the profit to pay for my children school fees.
I am looking forward to expand my business by renting a store room to display my clothes. And also be able to employ people to help me distribute my clothes. I estimate about 3000 dollars for my expansion work.
REPAYMENT
I will be able to repay any loan offered me from the profit from the sale of the clothes.
I will use the requested amount to rent a store room which cost about 500 dollars a year. I will purchase some of the new clothes in market and display them in the store to make it attractive and be able to supply customers with their demands. A bundle of clothes is about 30 dollars. This will also help me to employ people who will send clothes to people who do not have time to come to the store. If am able to expand the business ,I know for sure that demand will be high and my profit will increase to about 80 to 100 dollars in a week.
Positive
3
Neutral
None
Negative
None
Project Type
Classic Loan
Disbursed amount
$100.00
Date disbursed
Apr 8, 2015
Repayment status
On Time
Projected term
6 weeks
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