A loan to add more stock ( local smock sales)
Ernest
Akim Oda, Ghana
3% repaid
Entrepreneur
Name
Ernest
Member since
August 2016
On-time repayments
78 installments • 86%
About Me
My name is Ernest Ponsu and i come from Akim oda in the Eastern corridors of Ghana. i lived the whole of my live in the village of 5 brothers and 2 sister. i am second level leaver graduate school with good results and later went to the polytechnic to pursuit further studies in fashion and design.
Whist in school i develop the dream to become an entrepreneur who will build up a great future in clothe making and as well sew good dresses for people. whilst all this thought came running through my mind i put up certain measures to ensure that i actualize this merciful dream of mind. the idea was good but very challenging, so as the year inch further i started facing more and more challenges both in my private and academic life . Besides this, I gravely needed certain things to help me even complete my practical tuition and learning but was really a problem , so this and many more left me in abject decision as to how to complete the course. so, as i develop that habit of designing many pretty wears for people , the more i work on that the more i then garnered the in depth experience in clothes making and designs.
So in all this efforts , it helped me gained conscious of the need there after the service i set up a small store of which i am into some tailoring duties. since i still leave within the catchment areas i am able to get people to make their clothes for them.
My Business
Talking about the business i have just started is the tailoring business, rightly into sewing and designing good clothes for more clients . People develop likes for the smart collections and designs i bring on board so i work from morning to the evening 9 pm busy sewing and meeting the requirement of my customers.
Infact as a start up i acheived a profit target of GHS 523 which is equivalent to 130 USD for now in a week.. I am hoping to push up more than that but the resource and machines required to meet this pressing demand is inadequate. i have put up strong effort to acquire another machine that could help relieved the other machine when breakdown occurs, but anytime i try, i do not succeed . i was one day discussing this problem of mine to a friend who then told me to join zidisha since they can help me in affordable loans to re sustain my business. indeed i did not declined and hence decided to join and have this fell of relieved , so if am here today is on a look out to the good lenders out there to assist me revived this seemmily lost dream. i also hope to make good repayment and meet other coming opportunities . Thank you
Loan Proposal
I will be much grateful if your outfit will kindly support me with a soft loan to help procure avalaible smock at a considerable cheaper price in order to meet the demands of my customers.
I had had a contract to pick up this stock produced by another manufacturer at a relative low price.
I believe this could fetch me some good profit margins if indeed this contract is outsourced.
Cost of inventory 25pcs = 215 USD
And transport cost = 40 USD.
It is my candid hope that this will meet your attention and funding support in order to help me bring in this stock from Daboya in the Northern part of Ghana.
The cost benefit analysis will be much cheaper than producing in house as per the retail price agreed. Thank you.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$373.00
Date disbursed
Sep 9, 2017
Repayment status
Late
Projected term
359 months
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nicole Aug 25, 2017
nicole Mar 13, 2017
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