Justine
Accra, Ghana
100% repaid
Name
Justine
Member since
August 2016
On-time repayments
49 installments • 76%
I am a young lady of 41 years and a mother of three beautiful girls and a boy. I am from Kpando in the Volta Region of Ghana. I attended both my primary and senior secondary school education in my hometown. Thereafter, I proceeded to St. Teresa's Teacher Training in Hohoe. I taught for about a decade and apply for study leave into the University. I graduated in 2009. Owing to the inadequacy of my salary, I decided to add buying and sale of secondhand clothing as my second source of income. All my children have very high expectations; the three girls want to become lawyers whilst the boy aspires to become an engineer.
There are so many cultural practices where I live.The most interesting among them is 'Homowo'. It is a festival of thanksgiving to the gods for a bumper harvest.
I buy and sell secondhand clothing. This is in high demand because it is within the affordability of all income brackets because its price is low compared to those from boutiques. Due to my small capital outlay, I normally go in for selection of the best few clothes that my capital can afford. I have ready customers who take delight in my selection of the clothing, hence my turnover is very good. I normally make between 25 to 30% of my capital as profit. I use part for the children's school fees and reinvest the rest to grow the business.
I wish to use the current loan to acquire more children's ware.Of late the demand for children's ware is increasing day by day hence I shall increase my stock in order to increase my supply so as to meet the growing demand of my customers.I shall spend $200 on the Children's ware.Besides am also contemplating opening a new branch of shop for somebody to man for me.The left over funds which is about $70 shall be use to kick start that project as well.
My daily sales from Monday to Saturday shall enable me make repayment every Sunday.I have placed a reminder alert on my mobile phone.It reminds me after church every Sunday.
I am a young lady of 41 years.A mother of 4.Three beautiful girls and a boy.Am from Kpando in the Volta Region of Ghana.I attended both my Primary and Senior Secondary school Education in my Home town. Thereafter, I proceeded to St. Teresa's Teacher Training
in Hohoe.I taught for about a decade and apply for study leave into the University.
I graduated in 2009,Owing to the inadequacy of my salary,I decided to add buying and sale of second hand clothing as my second source of income.There are so many cultural practices where I live.The most interesting among them is 'Homowo'.It is a festival of thanks giving to the gods for bumper harvest. All my children have very high expectations,the three girls want to become lawyers whilst the boy aspire to become an engineer.
I buy and sell second hand clothing.This is in high demand because it is within the affordability of all income bracket.This is because its price is low compared to those from boutiques.Due to my small capital outlay,I normally go in for selection of the best few clothes that my capital can afford.I have ready customers who take delight in my selection of the clothing.Hence my turnover is very good. I normally make between 25 to 30% of my capital as profit.
Yes I use part for the children's school fees and reinvest the rest to grow the business.
I wish to use the current loan to acquire more children's ware.Of late the demand for children's ware is increasing day by day hence I shall increase my stock in order to increase my supply so as to meet the growing demand of my customers.I shall spend $200 on the Children's ware.Besides am also contemplating opening a new branch of shop for somebody to man for me.The left over funds which is about $70 shall be use to kick start that project as well.
My daily sales from Monday to Saturday shall enable me make repayment every Sunday.I have placed a reminder alert on my mobile phone.It reminds me after church every Sunday.
Positive
None
Neutral
None
Negative
None
Project Type
Classic Loan
Disbursed amount
$272.00
Date disbursed
Jun 15, 2017
Repayment status
On Time
Projected term
2 months
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