Buying butterfly sewing machine

Emmanuel Nkansah

Kumasi, Ghana

100% repaid

Entrepreneur

Name

Emmanuel Nkansah

Member since

October 2020

On-time repayments

36 installments  •  25%

About Me

I am Emmanuel Nkansah a 35 years old man who is very hardworking. Growing up was not easy but with God everything was possible as my parents separated. I work as an apprentice in sandals when time were difficult and developed skills in that trade. I teenage of 15 I used to sell and amend peoples torn sandals for money. I was able to gather funds and with the help of my Aunt I was able to complete Shs. Since there was no money to continue I decide trade.I decided to invest in this sandals business and praying my works would go far. I am now married recently with and my wife is five months pregnant. I love football and a fan of Chelsea.

My Business

I make Ghana Sandals, slippers for people in my community. I supply it to schools, Government entities and other institutions. People patronize my products because I make it to a good standard. With the kind of services I offer them they feel happy to work with me because I always supply them based on their request and very timely. This helps me to raise enough revenue and profit. I join Zidisha because is my dream that one day I would be able to supply schools in West Africa and beyong with my product and volunteer some to the orphange.

Loan Proposal

I need this loan to purchase butterfly sewing machine. I am using an old one which is faulty and makes my work difficult. With this loan I can buy a new one which will enable me to sewing more leathers to make shoes. My customers keeps complaining of my timing of delivery and its because the sewing machine doesnt work very normally I normally lack behind time.
With this machine I can work efficiently and make more profit to help my business.

Income Source

With Covid 19 protocols in place , market has been normal and I pray this continue. I would be paying from my daily sales. Thank you.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$112.68

Date disbursed

Nov 2, 2020

Repayment status

On Time

Projected term

1 week

Cost to entrepreneur

Service fee: $7.60

Credit risk payment: $6.08

Optional expediting fee: $7.60

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