Buy logistics for business expansion

Appiah

Tuobodom, Ghana

100% repaid

Entrepreneur

Name

Appiah

Member since

August 2017

On-time repayments

73 installments  •  82%

About Me

I completed Junior High School and that was my last school l attended and also my highest academic qualification. This was due to my poor family background, even this application was filled by my colleague who invited me to zidisha. I then have to learn trade, which brought me under apprenticeship as tailor. Five years after apprenticeship I became Master which I do for living. I am married with four children whom I am taking care of. I want my children to acquire higher education than I did. Probably a university degree. I like soccer though I am not good at playing.

My Business

I have been into sewing or tailoring business since the year 2007 and still counting. It is my source of income and livelihood. I earn about $250 a month which I use to take care of my family and the business. Because of this I am not able to expand the business as I want to. I therefore need about $350 to $4000 to expand my business in the next six or seven years ahead. This will generate about $450 to $6000 income within the same period. I need the money to buy logistics which will be necessary for the business.

Loan Proposal

The loan will be used to buy machines like electric sewing machines, kneating machine or overlock machine to boast the business viability to meet demand.
Again, part of the money will be used to open a new store where materials necessary for sewing will be sold to other tailors which will also generate income for me.

Feedback

1

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  • nicole    Jul 16, 2019

    Paid on time -- I would gladly lend to you again!

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Loan Info

Project Type

Classic Loan

Disbursed amount

$121.00

Date disbursed

Aug 31, 2017

Repayment status

On Time

Projected term

2 months

Lenders

Paul Buchheit

Mountain View, United States

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