Buying more executive shoes and sandals to resell
Yeboah
Berekum, Ghana
100% repaid
Entrepreneur
Name
Yeboah
Member since
August 2015
On-time repayments
146 installments • 82%
About Me
It all started when I have to stop my university education due to money issue as the person who is paying for my school fees said he can't afford anymore so my parent have to continue from where he has left it. After this incident I went for loan and started this business on my own which I have paid it back without owning them. I want to put my business on the next level by creating a website for it so that I can reach millions of people, thus joining the online selling. I want a future where my kids will enjoy better education and to be best of what they believe in. Now I've been teaching myself how to develop Android app. So that I can develop one for my work soon.
My Business
Am into selling of executive shoes. It is mostly used by the working class and occasionally used by non working class. In my society it represent decency and gentleness. I earn profit from it as I buy it at wholesale price and sell it to my customers to earn a profit from it. I can buy a shoe of 150ghc and sold it at 250-300ghc to earn a living. I incur cost like electricity, transportation and rent. But my cashflow outweigh my cost
Loan Proposal
This loan will be used to buy more shoes and sandals of low price and sell them as higher price which will aid me to increase my profit. This time so I good time for business as all work here in Ghana have resume from the Christmas break and new employee Ave hjoin the working force, they all be force to buy executive shoes as a requirement or their dressing code. So I intend to use this opportunity to my advantage buy buying more shoes and reselling them. A shoe that I will buy for 80GHC will be sold for 120-200GHC depending on the person finance. The profit will be invest in rearing pig as am planning to enter into the livestock business.
Feedback
Positive
5
Neutral
None
Negative
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Loan Info
Project Type
Classic Loan
Disbursed amount
$582.00
Date disbursed
Feb 22, 2019
Repayment status
On Time
Projected term
7 weeks
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Summary
Amount repaid
$582.21
Amount remaining
$0.00
Date repaid
Apr 12, 2019
Status
Fully repaid
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Mar 3, 2019 | $93.17 | Mar 2, 2019 | $93.17 |
| Mar 10, 2019 | $93.17 | Mar 8, 2019 | $93.17 |
| Mar 17, 2019 | $93.17 | Mar 15, 2019 | $93.17 |
| Mar 24, 2019 | $93.17 | Apr 5, 2019 | $93.17 |
| Mar 31, 2019 | $93.17 | Apr 10, 2019 | $93.17 |
| Apr 7, 2019 | $93.17 | Apr 10, 2019 | $23.19 |
| Apr 12, 2019 | $69.98 | ||
| Apr 14, 2019 | $23.19 | Apr 12, 2019 | $23.19 |
Isak Maaseide Jan 8, 2020
Margaret Nov 4, 2019
Paul Thompson Jul 15, 2019
Margaret Apr 28, 2019
Margaret Dec 20, 2018
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