A loan to complete my new tailoring shop

Ernest

Akim Oda, Ghana

100% 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 like to seek for these loan to complete my new tailoring shop which was started when I first contracted my first loan. I also wish to pay off the sewing machine which I bought on credit with the first loan. Upon receiving this second loan I shall use this funds to complete the project and at the same time pay the remaining balance on the new sewing machine I went in for.
Business is still inching gradually and I hope that by getting close to December I will definitely increase my profit margin to about 67% base on the new loan and new improvement I have benefit from all this funding. God Bless all our Noble Lenders.

Feedback

3

None

None

  • nicole    Aug 25, 2017

    My second loan to Ernest -- I recommend him to others & would be glad to lend to him a third time!

    Log in to reply • Share
  • nicole    Mar 13, 2017

    Ernest paid on time & I would be happy to lend to him again!

    Log in to reply • Share


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Loan Info

Project Type

Classic Loan

Disbursed amount

$135.00

Date disbursed

Oct 11, 2016

Repayment status

On Time

Projected term

5 months

Lenders

nicole

Worcester, Ma, United States

Cloudways

Malta, Malta

dlpringle

Denver, United States

Matching Fund

Sterling, United States

Paul Buchheit

Mountain View, United States

C

Crainster

Chapel Hill, United States

Mike and Jacqui

United Kingdom

JA

Jared Anthony

CT, United States

J

James

United States

RE

Richard Ellis

United Kingdom

Craig Newmark

United States

The Zinc Team

San Francisco, United States

Benjamin Kniaz

Boston, United States

Humble Bundle Community

San Francisco, United States

A

Anonymous

United States

A

Anonymous

United States

Paul Buchheit

Mountain View, United States

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