A loan to organize more straw and utensils for dyeing color

Obeng

Bolgatanga, Ghana

100% repaid

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How it Works

Entrepreneur

Name

Obeng

Member since

August 2016

On-time repayments

66 installments • 80%

About Me

My name is Obeng Yeboah. My father a retired teacher in Vocational art and my mother a petty trader in bolgatanga market
But because i took to this art work with my father same when he retired the zeal and propensity to create more art innovation.
i took to basket weaving, since here in bolgatanga is the best project and creates more exposure that is the your own is manageable good and also create you some kind exposure. l love making baskets and other art work with includes, carve stools ,handbags, hats and many more. i also have many foreign client who hails from Europe and china who indeed love our art work . This foreigners usually patronize it.

My Business

Business all this years has been good since chunk of this foreign clients buys back a way have a positive impact to our lives and businesses. My profit quotients is variably good , And i sometimes make a dividends on all this carve stools and baskets and hand bags to the tuned of GHS 1230 which is equivalent to 317 USD a week.
But until recently things are sailing down and i am facing challenges in terms of finance and raw material due to the changes in our climate conditions and also the propensity to to access facility.
Due to some unfortunate lapse and challenges that led to the fall back in my loan increment , infact had actually affected my estimates , but however i hope if this facility is swiftly funded i can pay for my sons school bills basket weaving business too as well.

Loan Proposal

Currently I will use the loan to organize more straw and utensils for dyeing color for the making of 600 assorted basket that has just been ordered for, It is Pertinent to purchase raw materials such as the straw before the lean season sets in because sometimes it hike up and eventually increases the production cost. I will also organize some human capital to help support me in the making of these assorted 600 baskets ordered. I remain grateful and thankful for working with you all .