Expansion of my clothing production

Martin

Sunyani, Ghana

33% repaid

Entrepreneur

Name

Martin

Member since

July 2015

On-time repayments

55 installments  •  36%

About Me

IS GRACE AND MERCIES..iii
It wasn’t easy through my education career, my parents struggle had to always pay our school bills because they were financially handicap and we were twins as well.

The Sadness and memorable occasion in my education career and life is when both my parent died in one month in the year 2015. This tragedy compels me to stop my education in S.H.S 1. Because there was no body to help me continue my education again.
I stay in the house for 2 years and worked to raise some money to write(WASSCE PRIVATE) exams which was not easy but I manage to pass after 2yaers of sitting for the WASSCE and GBCE private exams.
It has always been my dream to continue my education after getting the certificate to the university but life without a helper is difficult.
The story continues another day.

My Business

.THEBEGINNING OF MY BUSINESS.
One day I wake-up in the morning and something spoke to my hearing that you can sow, so I spoke to one woman to help me get a sowing machine to start. It was like a joke to many people, because I have never learned how to sow before, buy by God grace am now a divine fashion designer.

MY BUSINESS INCOME.
The major income of my fashion business is that i buy materials and sow them and sell to people , i have business woman and men who also come for some and go and market them.

REASONS FOR SEEKING THIS LOAN AGAIN AND IN THE FUTURE.
I must say that the loan you gave which I have successful paid has help me in my business... And am looking forward for people to fund this my second loan application which will go a long way to expand my business.. There is a saying a man who is faithful in small will be faithful in much.

*I need this loan to be able to buy more materials and sow and sell to people.
*Am seeking for this loan money to help me open my own shop, because currently am sowing in a friends shop.
*I want to use this loan money to help me expand my business in the future by exporting some of my fashion designs.
*I also want to help those who have the passion to become fashion designers , but don’t have any body to help them, free of charge and even in the future buy hem sowing machines to use it to learn.
The future is bright... I HAVE A DREAM.

Loan Proposal

Actually I use my first money to buy materials for sowing which was very useful to my business because it helps me get more customers to purchase my clothes, because they always get different kinds of materials they colour which I have use to sow different types of clothes. I have already reinvest the profit I had from the first loan you gave me. So I will again use this my second loan to buy more materials and sow for ready market. I will buy materials wealth $ 250 to $300.

Actually the first loan money was small and the charges too, yet still I managed it to increase my profit margin to 10% and is still growing.

I believe through this with little little savings I will get my own fashion shop and work by God Grace, and I will be helpful to my society and my family when they are in need.

I must say that the loan you gave which I have successful paid has help me in my business... And am looking forward for people to fund this my second loan application which will go a long way to expand my business.. There is a saying a man who is faithful in small will be faithful in much...

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$199.00

Date disbursed

Dec 29, 2015

Repayment status

Late

Projected term

9 months

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