Entrepreneur
Name
Jacob
Member since
January 2015
On-time repayments
132 installments • 70%
About Me
My name is Jacob Arthur, a Ghanaian living in the central region of Ghana. i am 25 years old and a high school graduate. i am the first of five children. as a child, all i wanted to become was a soldier but i lost that dream and due to financial constraints . but as a man and being the first of five children, idleness is not an option that i have so i took to selling second hand clothes for a living . The meaning of this is that i have to work harder else my siblings who are in school will have to drop out from school since my moms strength alone can not do it. For now i have a dream of opening my own boutique . Having been able to save a little and am working very hard to reach that dream with a targeted year. the greatest virtue that i have learn over the years is hardworking and integrity. i love to read and play foot ball and then also engage in a lot of church activities.
My Business
i am into the selling of clothes and i can barber too very well so sometimes i swing businesses but for the past two years now i have been selling second hand clothes in my community. i take the bales and move around with the clothes, i go from house to house, and then also markets. on market days sale are always very high than the normal days. i attend markets days four times a week. these clothes are needed since is not everyone who are able to purchase the brand new ones. for every bale you sell, you make more than 35% profit . A typical second hand clothe bale cost about $60 . then out of this profit, i live on part.l..
Loan Proposal
I am into the selling of second had clothes in my community in the central region of Ghana. i will purchase four bales full of clothes for children with each costing around $65 now so the four will make some $260. then i will use the rest to purchase four other bales for adults one for men and the other for women.
the benefit that this will create to those in the nearby villages can not be over emphasized. it will provide low cost clothing for these people both young and old Whiles helping a young man in the course of building his dream business the impact way.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$513.00
Date disbursed
Mar 20, 2017
Repayment status
Late
Projected term
61 months
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