Buying and selling of shoes

Vincent

Sunyani, Ghana

100% repaid

Entrepreneur

Name

Vincent

Member since

May 2016

On-time repayments

251 installments  •  57%

About Me

I started school at Holy Spirit school and late completed my Senior High at St. James Senior High School. During my school days my parents did not have enough money so i cultivated the habit of saving to enable me buy things that i needed for my self. I stated the shoe business with the small capital i gain from my investment account. Actually I come from a family with business background where everybody have the intention of establish his or her own business. Currently I don't have children yet but I pray that if I ever get married and have children i will always encourage my children to learn and be good entrepreneurs. My hobbies are listen to music and playing basketball.

My Business

My shoes and slippers business is doing good in the market. My intention of starting this business was basically to provide easy shoes and slippers for the youth, for some time now i realize that not only the youth that are purchasing the goods but also the elderly, hence has increase the demand of the products. currently the cost incurring in transportation is high because am not able to purchase the shoes in large quantities from my supplier to enable me meet the demand of customers. I am currently working as a relationship officer in a financial institution so i will use part of my income to pay the loan weekly. The profit from this business is been reinvest in growing my business.

Loan Proposal

This loan will be used for purchasing:
21 pairs of shoes
1 pair cost for men : $10.44
1 pair cost for ladies: $7.83
I expect my profit to go up from 2% to 5% increase if i am able to purchase 21pairs at a time it will help me reduce my transportation cost since i will be able to save additional 3% from sales.

Feedback

None

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Loan Info

Project Type

Classic Loan

Disbursed amount

$200.00

Date disbursed

May 28, 2016

Repayment status

On Time

Projected term

3 months

Other loans

Lenders

Paul Buchheit

Mountain View, United States

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  • Vincent    May 17, 2021

    i want to adjust the amount to ease pressure on the remaining balance

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  • Daniel    May 16, 2021

    He about paying it

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  • Daniel    Apr 16, 2021

    He said he will complete the remain amount very soon

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  • Vincent    Mar 1, 2021

    i want to reduce it to enable me make payment on time

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  • Daniel    Feb 3, 2021

    I did not get in touch with him personally but one of his references was able to talk to me but in regard to why he has failed in in his installment plan he was silent on it... Also directed the reference to tell him he can adjust his payment plan

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  • Daniel    Feb 3, 2021

    I learnt he was indisposed and now regaining recovery...

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  • Vincent    Jan 18, 2021

    I'm going through financial problem right now

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  • Vincent    Dec 7, 2020

    I'm going through financial problem. I have been sick for some time now

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  • Richmond    Apr 5, 2018

    I went to his house and explained to him that since he is having difficulty, he can reduce the repayment amount and continue paying. He has agreed to do so.

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  • Richmond    Feb 21, 2018

    Vincent will be making payment very soon. He told me when I called him.

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  • Vincent    Jan 3, 2018

    I would like to take this opportunity to say that am really sorry to my lenders for not been consistent with payment of loan. This is due to fact that I was sick.

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  • Vincent    Dec 16, 2016

    I have move to a new location due to that reason, sale of shoes have been slow. i hope things will pick up soon.

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  • Vincent    Oct 14, 2016

    These smart shoes are ready for distribution thanks to my lenders. I appreciate your support in my business.

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  • Vincent    Sep 14, 2016

    I would like to take this opportunity to appreciate my lender for the loan and the positive impact they have made in my life am very grateful for their support. this loan would be used to purchase more shoes for my business. I believe that with this loan i would be able to increase my customer base and working capital as well. I have ordered about 25pairs of shoes from my supplier and a soon as they are delivered i would post a photo to update my lender Thank you.

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  • Vincent    Sep 6, 2016

    This loan will be use to purchase more shoes for my business and i believe that this will lead to increase in my customer base and working capital. i would like to take this opportunity to thank my lenders for their support and the impact they made in my life God richly bless them all.

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  • Vincent    Sep 4, 2016

    Honestly the result from the loan has been positive. The loan has really help me increase my working capital, my customer base and income as well. I am very grateful to my lender for the positive impact he has made to my life and I say God bless you.

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  • Vincent    Sep 2, 2016

    My shoe business now is on a new level thanks to the help of Zidisha, there have been 60% increase in customer base due to this i need to also increase my production to enable me maintain my current customer base. Due to this new update i would like to pay off the rest of my dept to enable me raise new one.

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  • Vincent    Jun 23, 2016

    I used the loan to purchase more easy wear shoes. This has realy help boost business by increasing customers as well as sales. I hope with the current trend I may be able to expand my market base.

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  • Vincent    Jun 10, 2016

    The reason for the change in repayment schedule is due to fact that there have been delays in the production of the shoes. The purpose of the loan has turn out to be positive, customers have already ordered for the shoes just waiting for the production to be ready for distribution.

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