Beautiful kente yarns

Seth

Bonwire, Ghana

100% repaid

Entrepreneur

Name

Seth

Member since

August 2016

On-time repayments

97 installments  •  82%

About Me

My name is Seth Frimpong a native of Bonwire. Having lost my father at class four (4), I decided to be active footballer. My football career came to a halt when l got injured at my ankle during a match between one coast opponents. As native of Bonwire and for that matter an automatic weaver l decided to weave Kente when l couldn’t pursue my football career due to persistent ankle injury. I found it difficult to weave because of the injury and for that matter opted to sell products (yarn) that are used to produce kente cloth. I now have a store for selling the yarns but the quantity of the yarns in the store are relatively insufficient and at times get finish when the demand is high. I would be grateful if Zidisha could help me to increase the the number of the materials in the store by assisting me with their soft loans.
Interestingly, l cannot play football though, l always follow the game and for that matter a Manchester United fun and Kumasi Asante Kotoko fun

My Business

l will use all the loan that Zidisha will provide to buy yarns to fill the huge spaces in the store. Apparently to complete one set of cloth for men size, you have to get one set of yarns consisting of cotton and rayon. A cone of a cotton cost $1.5 and $3.5 for that of rayon. In total a weaver must buy total weaving material of $90 in order to complete one set of woman size cloth and $130 for men size cloth. This means that l will use the loan this time to buy 30 different set of yarns that the weavers can purchase for kente production in order to fill the spaces in the store. These will however increase the capital l am working with and also reduce frequent shortage of materials in my store

Loan Proposal

l will use all the loan that Zidisha will provide to buy yarns to fill the huge spaces in the store. Apparently to complete one set of cloth for men size, you have to get one set of yarns consisting of cotton and rayon. A cone of a cotton cost $1.5 and $3.5 for that of rayon. In total a weaver must buy total weaving material of $90 in order to complete one set of woman size cloth and $130 for men size cloth. This means that l will use the loan to buy 20 different set of yarns that the weavers can purchase for kente production in order to fill the spaces in the store. These will however increase the capital l am working with and also reduce frequent shortage of materials in my store

Feedback

2

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None

  • Margaret    Feb 1, 2018

    The loan was paid off in a timely manner!

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  • Margaret    May 29, 2017

    Seth paid off his loan perfectly and was a pleasure to work with. I would gladly lend to him again and encourage others to do the same.

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Loan Info

Project Type

Classic Loan

Disbursed amount

$129.00

Date disbursed

Sep 13, 2016

Repayment status

On Time

Projected term

3 months

Lenders

A

Anonymous

United States

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