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
I have open new branch of my shoe business at Brong Ahafo regional capital sunyani, which the loan will be used to buy shoes and sandals to stock it up. I want to meet up the demand of my customers at that region which they have continuesly been buy their shoes from me. The profit I will make from it, 20% will be save for future projects and emergencies, 50% of will be reinvested in the business and the remaining will be use to help my brother's University education.
Please help fund it and as I always do, I will repay on time.
Feedback
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Loan Info
Project Type
Classic Loan
Disbursed amount
$880.00
Date disbursed
Jun 10, 2019
Repayment status
On Time
Projected term
6 weeks
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Ask Yeboah a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.
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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