Selling hand-woven kente cloth

John Kusi

Kumasi, Ashanti Region, Ghana

100% repaid

Entrepreneur

Name

John Kusi

Member since

October 2015

On-time repayments

119 installments  •  100%

About Me

l was born at Bonwire, Ghana, where l grew up and went to high school. l settled into selling of Kente clothes when l couldn't continue my education due to my financial problem. l started my own business after raising a small amount of money. l rented a store where buyers usually come to buy Kente in person or can order in bulk. Kente weaving is a traditional occupation of the people of Bonwire, particularly for the males. Traditionally, most people at Bonwire are automatic weaver of Kente clothes. It's very interesting. Other than that, l am a footballer and I enjoy it very much.

My Business

l engage in retail sale of Kente cloth in my store. Kente cloth is a colorful masterpiece art work which is mostly used by people during festive seasons such as wedding, engagement, naming ceremony, festivals and even funerals. I chose to sell Kente because it is a native occupation and l know the know-how and am adroit at Kente production and sales. Prices of Kente clothes usually range from $50.76 to $507.63 equivalent to GHs 200 to GHs 2000 depending on the complexities of the designed employed in the clothes. l will use the loan that Zidisha will provide to buy more Kente from Kente producers. Kente is a type of silk and cotton fabric made of interwoven cloth strips and is the icon of African cultural heritage around the world.
The amount will be specifically used to purchase six sets of clothing in the different combination category. Each costing $ 126.91 (GHs. 500). This will give me more advantage by increasing my capital for ready market business. yes indeed the loan is for business and a sale of a cloth could give me a profit of $20.31 (GHc. 80) for each "

Loan Proposal

l will use the loan to purchase the kente cloth fro the kente weavers. As a retailer of kente, l will buy several classes of the kente ranging from triple weaving to double weaving to single weaving. l will buy 5 different sets of the triple weaving. each set cost $157.87 (GHs 700) = 5 * 157.87= $789.35 for the triple weaving

l will use the rest of the money to purchase the double weaving type which is less expensive as compared to the triple weaving. each double weaving cost GHs 400 ($ 90.21).
In all, GHs 500 ($112.76) profit is expected to be made after the sales of these kente cloth.
Thank you

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$1,191.17

Date disbursed

Sep 25, 2017

Repayment status

On Time

Projected term

8 months

Cost to entrepreneur

Service fee: $32.79

Lenders

JimVandegriff

Trinidad, California, United States

N

nycjen

United States

PG

Paul Graham

United States

Stephan W

Witten, Germany

Paul Buchheit

Mountain View, United States

A

Anonymous

United States

JG

Jake Gibson and Beverly Picardo

San Francisco, United States

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