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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  • Appiah    Mar 7, 2019

    Business has been stalled after the Christmas festivities, this has affected my income. I am hoping for business to bounce back in the second quarter of the year since by that time the people here will be harvesting their tomatoes.

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  • Appiah    Feb 6, 2019

    Thanks very much for funding my loan me. I am going use the money to buy materials to stock my tailoring shop.

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  • Appiah    Jan 24, 2019

    I need this loan to buy materials to sew or sell to customers.

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  • Appiah    Jul 22, 2018

    I thank you once again for the funding of my loan. I have received the money in the amount GHS 2,302. This money has been used to buy cements and sand as I said earlier. thank you very much.

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  • Appiah    Jul 20, 2018

    I am more thankful for your effort you always make to fund my loans for me. I thank you very much. This loan is going to be used to buy cements and sand for the continuation of my building.

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  • Appiah    Jul 7, 2018

    The just ended loan helped me to progress in my building project.

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  • Isaac    Jul 1, 2018

    He said has finished paying his loan and will apply for new loan next week and I encouraged him.

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  • Appiah    Jun 28, 2018

    Business has been a bit good this week.

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  • Appiah    May 14, 2018

    I have been able to make some profit from my tailoring work. This profit has been used on my housing project. Below is the picture of the house project

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  • Appiah    Mar 9, 2018

    Dear lenders
    I have received the loan in the amount of GHS 1644 . Thank you for your support. I have used the money to buy 15 bags of cement and a double trip of sand. Thank you.

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  • Appiah    Mar 6, 2018

    Dear lenders,
    I thank you very much for funding my loan for me. I am going to use the loan to buy cement and sand for my building. I will use GHS 800 to buy cement and GHS 700 to buy sand. Thank you once again for your support.

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  • Appiah    Feb 26, 2018

    I used the just ended money to tire my working floor.

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  • Appiah    Feb 6, 2018

    Business was good for me during the Christmas festival. Profit increased by 30%. I therefore want to pay off this loan in order to get the next loan for my building project.

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  • Appiah    Dec 12, 2017

    This is a new look of my shop after using the loan to tile the floor.

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  • Appiah    Nov 23, 2017

    Dear Lenders,
    I am more than happy to tell you that I have received the money in the amount of GHS 1011. I thank you very much for providing this support to me. I am going to use the money to buy knitting machine and use the rest to buy floor tiles for my floor. Ones again thank you for your support and generosity.

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  • Appiah    Nov 16, 2017

    Dear Lenders,
    Thank you for providing fund for my loan. I promise to use the loan as specified in my loan proposal. I also promise to repay it as scheduled. Once again, thank you very much.

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  • Appiah    Nov 12, 2017

    Dear Lenders,
    I am pleading with you to fund this loan for me. I promise to pay back as scheduled. In fact i need this loan to buy knitting machine and extra electric sewing machine for my apprentice to enable me provide fast delivery service to my customers this festive season. This will increase my profit margin by 25%. please help me to get this profit increase by funding this loan for me.

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  • Appiah    Nov 4, 2017

    Dear Lenders,
    I am very much grateful for my first loan funding, in fact it helped me a lot to buy some accessories for my shop. thank you very much for your support. I also plead with you to fund my second loan for me. This will help me to tire the floor of my shop to get clean clothes for my clients. Thank you ones again.

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  • Appiah    Nov 1, 2017

    Business has been good for me this week and I want to clear the next two weeks repayment that I am suppose to pay.

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