Clothing sales expansion

Adebayo

Ibadan, Nigeria

18% repaid

Entrepreneur

Name

Adebayo

Member since

December 2018

On-time repayments

48 installments  •  27%

About Me

I am Alabi Moshood Adebayo. A Nigerian business man. I had my SSCE in the year 2004. I later had my university education in the year 2014 from Ahmadu Bello University ,Zaria. Business has being my passionate dream since childhood, and this made me to fully go into it when I grew up ( specifically after my Tertiary Education).
My childhood through adult in life was through a lot of self struggling for survival. And this made me to be able to finance my university education by myself and little by parents.
I thank God today, my life has positively changed for better through my business minded and self determination.
Thank you.

My Business

I am into the sales and supply of unisex wears such as clothing, baby clothes, shoes, bags, baby toys e.t.c. This business started when i was in secondary school but came in fully when I got through with my Tertiary education in 2014.
The initial capital of the business was generated through contribution from friends, family and myself. This was maintained through proper monitoring of the business and ploughing back of profit generated into the business.
Clothing business has been one of the fastest growing business in the world today as it remains the essentials that one cannot do without.
The business has witnessed a lot of challenges such low running capital, poor facilities and e.t.c but most of which were overcome through resilience and determination.
With the support of Zidisha lending platform there has been a tremendous growth increase to the business. This has increased my earnings and thereby improve the size of the business and increased the running capital as well.
Thank you.

Loan Proposal

The loan is going to be used in the following areas of the business:
1. Boost the running capital- I will add the loan to my running capital of which I believe is going to increase my earnings and hence increase the growth rate of the business.
2. Purchase high demand products- I will use the loan in buying more and highly demanding products and this will sales rate of the business.
3. Diversification of the sales- I will use the loan in diversifying the sales and hereby covering more items and hence business turn out
With the invention of all the above, I believe the business will grow tremendously in terms of turn out and as well increase my earnings. With the increase in the business turn out, I believe this will be of help to family, community and the society at large.

Feedback

None

None

None

Loan Info

Project Type

Classic Loan

Disbursed amount

$396.00

Date disbursed

Mar 7, 2019

Repayment status

Late

Projected term

9 months

Lenders

Paul Buchheit

Mountain View, United States

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  • Adebayo    Sep 29, 2019

    Business low turn out

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  • Adebayo    Jul 31, 2019

    Low business turn out

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  • Adebayo    Jun 25, 2019

    Low turn out

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  • Adebayo    Jun 11, 2019

    Low business turn out

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  • Adebayo    Jun 5, 2019

    Low business turn out rate

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  • Adebayo    Apr 21, 2019

    Emergency

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  • Adebayo    Apr 13, 2019

    Business turn out affected

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  • Adebayo    Mar 31, 2019

    Low turn out rate

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  • (Comment deleted by author)

    • Adebayo    Mar 28, 2019

      Thank you very much for the clarification. I just found out today that her problem has been rectified.
      The menu ADD NEW DISCUSSION just pop up on her dashboard. She is now able to reply and add to discussion on the forum.
      Thank you.

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  • Adebayo    Mar 23, 2019

    Business low turn out rate

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  • Adebayo    Mar 17, 2019

    Hello zidisha,
    The repayment schedule adjustment was made as a result of unforseen circumstances that came around in my business turn out rate.
    I hope to do well and abide by the reschedule.
    Thank you.

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  • Adebayo    Mar 7, 2019

    Thank you very much zidisha for the loan disbursed. I believe this loan will help in boosting my business turn out rate.
    I will reciprocate the kind gesture of zidisha by making early repayment.
    Thank you.

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    • (Comment deleted by author)

      • Adebayo    Mar 8, 2019

        Thank you very much, I really appreciate the advice and I will stick to on- time repayment.
        Thanks.

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  • Adebayo    Mar 6, 2019

    Zidisha should please review my loan status showing pending for almost two weeks now

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  • Adebayo    Feb 24, 2019

    I will use the loan in financing my business.
    Thank you zidisha.

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  • Adebayo    Jan 6, 2019

    I will the loan finance clothing business running capital.
    I will buy more stock clothes of different sizes. I believe this will help improve my earnings.
    Thank you zidisha

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  • Adebayo    Jan 4, 2019

    Kudos to zidisha, its being a wonderful platform.

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  • Adebayo    Dec 17, 2018

    Zidisha has being very helpful to me.
    Kudos!

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  • Adebayo    Dec 15, 2018

    Thank you my lenders on this platform, thanks to zidisha. The loan is very timely and helpful. I pledge to utilize the loan on my business and as well make an early repayment.
    Thanks

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  • Adebayo    Dec 14, 2018

    I am using this medium to thank my honourable lenders on this platform. You have being of help to me in several ways. kudos to you.
    I want to assure my reputable lenders on this platform that if my loan could be funded, I will utilize 100% of it in funding my business and I will pay back as and when due.
    Thank you.

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  • Adebayo    Dec 14, 2018

    Thank you zidisha, The loan is being helpful. Looking forward to get more in the future.
    Thank you.

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