Expansion of sales of cane products business

Wise Torgbo Dziedzorm Kwaku

Sunyani, Ghana

90% repaid

Entrepreneur

Name

Wise Torgbo Dziedzorm Kwaku

Member since

November 2014

On-time repayments

221 installments  •  71%

About Me

I am a young man of 28 years old and first of a family of five to my parents Mr. Torgbo Samuel and Mrs. Fe- Mensa Stella. I live in Sunyani in the Brong Ahafo region of Ghana. I had my basic and secondary education in the Bekwai municipality where my parents are predominantly farmers of cocoa and palm plantation. I attended my secondary college for Visual Art studies and Business studies in the Awudome between 2001-2004 and Oppon Memorial Secondary between 2005-2008 respectively.
I continued my tertiary education to pursue HND in Marketing at the Sunyani Polytechnic. i am currently persuing my Bsc Marketing Distance program with the University of Cape Coast - Sunyani campus in the Brong Ahafo region. Though I have interest in becoming a master holder in Marketing, my passion to utilize the opportunities for rural art development in my country is at a high desire.

My Business

To treasure above all else, I take desire in taking adventure in sales of goods and services. I have been very successful in my current cane business. I appreciate the good returns I made from my personal selling job in the last year.
Considering the durability of cane and bamboo products, I have been able to direct my customer attention to other durable cane and bamboo product such as babies cot, dining table and chairs, wall drops, rocking chair, dressing mirror stand and bamboo bed. I am still working hard on my store room to use as a shop which I shall combine stationary items Due to the majority of Christians and literate in my community I shall also sell the Holy Bible and other books. Due to my skills in sales and marketing, I am able to penetrate through the market as the demand for my goods gradually increases in the market.
PURPOSE OF LOAN AND REPAYMENT
My business is at the growth stage and need to be sustained. I need your support financially to move through to maturity. I am a testimony to how your organization has supported some Ghanaian businesses. The loan will help me pre finance my producers to produce to meet my customers demand. The suppliers of the raw materials only supply their materials upon demand by my producer. I believe the loan will help me support them to have materials always. Considering the demand and the national attention on locally produce goods, I will be able to pay back the loan with interest as schedule.
My vision is to supply the end product of the cane and bamboo material to all part the country by the next two years possibly and profitably.
PROFIT AND SUSTAINABILITY
I have always made profit from my sales. I started without capital but I made profit after a day sales. The sales business is very profitable and can be sustained for the next generation. I will advice my producers with my marketing skills for innovative products to sustain the business. After my first adventure, I have invested some capital and need to invest more to meet the demand to make good returns.

CONCLUSION
Indeed the lord is on our side for your previous loan have been very profitable. I would be grateful if my application in considered. I will be able to make profit because the demand for the cane products is competively affordably as compared to other metal, plastic and timber furniture products. I hope you are convinced to lend and support my business to grow due to my previous success. Thank you and God richly bless you.

Loan Proposal

I need the loan to prefinace my producer for him to buy the needed raw materials for production of the furniture products. The items includes Cane, Bamboo and Fabric, which cost almost $800.00.
I am promoting business in a local balance whiles creating job for skillful craftmen.
I have a Plan of making $1300.00 equivalent to Ghs5000.00 by December.
This target is achievable looking at the current demand of the local producst in my community.

Feedback

3

None

None



Loading...

Loan Info

Project Type

Classic Loan

Disbursed amount

$333.00

Date disbursed

May 8, 2015

Repayment status

Late

Projected term

47 months

Cost to entrepreneur

Service fee: $8.48

Lenders

AltruisticSelfishnes

Chicago, United States

ErikN

Stockholm, Sweden

Martin

Manama, Bahrain

TheWhiteCat

Surrey, United Kingdom

S

Sherry

Pittsburgh, United States

ads68

Melbourne, Australia

P

Prysdahl

Marshall, United States

fairspirit

Utrecht, Netherlands

BF

Bob Fitzjohn

Fontvielle, Monaco, Yemen

D

Don100

Wilton, United States

N

naranburgos

Madrid, Spain

E

E

Marin county, United States

O

ormung13

Christchurch, New Zealand

T

thebonseung

Republic of Korea

W

wiwillia

Milbrae, United States

J

jdallatezza

United States

P

perle0

United States

mepster

San Francisco, Ca, United States

I

idris

United States

C

ColoradoSkier

Denver, United States

K

kitkat

United States

PolarBearCapital

United States

Franmiguel

Perth, Australia

MW

Matt Willis

United States

Mouhamed

United States

Ask Wise a question about this loan project, share news and photos of your own, or send a simple note of thanks or inspiration.

Please log in to comment.

  • Bismark Baiden    Jan 1, 2019

    Hi lenders,
    I have not been able to reach Wise on phone. Will let you know when i am able to get him. Thanks

    Log in to reply • Share
  • Bismark Baiden    Nov 4, 2018

    Hi lenders,
    I got in touch with Wise, and he was complaining of not getting notification on his phone to enable his make payment on time but he will do his possible best to make payment of the loan. Thank you all

    Log in to reply • Share
  • Bismark Baiden    Jul 24, 2017

    Hi lenders,
    I have not been able to reach Wise on phone. Will let you know when i am able to get him. Thanks

    Log in to reply • Share
  • Bismark Baiden    May 12, 2017

    Hi lenders,
    I got in touch with Wise, and he said that he had some family issues which made him financially unstable for sometime now to make regular payment of the loan. He said that he will start payment soon since everything is good for now by the grace of God. Thanks.

    Log in to reply • Share
  • Franmiguel    Dec 5, 2016

    Hi Wise,
    Happy Holiday Season to you.
    I hope you and your business have a great 2017.
    Regards
    Michael

    Log in to reply • Share
  • Wise Torgbo Dziedzorm Kwaku    Jul 5, 2016

    Hello,
    My wife and I have agreed to channel most of our capital into the sales of Fast Moving Consumer goods (FMCGs )and the operation of Mobile Money services.
    I will do well to update you all on the development.
    Thank you.
    My regards,
    Wise.

    Log in to reply • Share
  • Wise Torgbo Dziedzorm Kwaku    Apr 23, 2016

    "I believe LOVE is God's solution for victory over life toughest challenges in trouble times".

    Log in to reply • Share
  • Wise Torgbo Dziedzorm Kwaku    Apr 17, 2016

    Hello Friends,
    I have the joy to inform you that, I got married to a lovely and beautiful woman on the 16th of April, 2016.
    I am sorry I could not invite you. But I hope you will appreciate my announcement. Please, things have not gone the way I expected with you (my team at zidisha), but I had to take this tough decision at this difficult time. I promise you that I will from now concentrate on my payment schedule. I thank you for your support and tolerance about my dealings with you.
    Regards.
    Wise.

    Log in to reply • Share
  • Franmiguel    Dec 17, 2015

    Hi Wise,
    I am sorry to hear of your misfortune.
    I hope things pick up for you and that you and your business have a great 2016.
    Happy Holiday Season to you.
    Regards
    Michael

    Log in to reply • Share
    • Wise Torgbo Dziedzorm Kwaku    Feb 9, 2016

      Hi Franmiguel,

      Thanks very much for your encouragement and motivation.
      I am not given up on my business and my partnership with you all.
      You have been very helpful to my business an I will not let you down.
      Thanks very much.
      Wise

      Log in to reply • Share
  • Wise Torgbo Dziedzorm Kwaku    Nov 27, 2015

    Hello my dearest lenders, i am very sorry for not been able to update you. I fell into the hands of some wrong business men with my investment. Due to delay in production from my first producer, i visited other producers in order to meet the market demand. about four months now, i traveled to my village to work to refinance my business. Please do not worry, i will do my best keep my business and pay off my loan. Thank you.

    Log in to reply • Share
  • Wise Torgbo Dziedzorm Kwaku    Nov 27, 2015

    Hello my dearest lenders, i am very sorry for not been able to update you. I fell into the hands of some wrong business men with my investment. Due to delay in production from my first producer, i visited other producers in order to meet the market demand. about four months now, i traveled to my village to work to refinance my business. Please do not worry, i will do my best keep my business and pay off my loan. Thank you.

    Log in to reply • Share
  • Wise Torgbo Dziedzorm Kwaku    Nov 27, 2015

    Hello my dearest lenders, i am very sorry for not been able to update you. I fell into the hands of some wrong business men with my investment. Due to delay in production from my first producer, i visited other producers in order to meet the market demand. about four months now, i traveled to my village to work to refinance my business. Please do not worry, i will do my best keep my business and pay off my loan. Thank you.

    Log in to reply • Share
  • Franmiguel    Nov 13, 2015

    Hi Wise,
    I just thought that I would touch base and see how you are doing.
    Thanks for keeping up your payments.
    I hope that all is well.
    Regards
    Michael

    Log in to reply • Share
  • Wise Torgbo Dziedzorm Kwaku    Aug 18, 2015

    I mistakenly invested a lot of money into the production of sofa chairs all made from cane and bamboo sticks with a new producer, but unfortunately, this my new producer could not meet the requirement. And also, i invested the money at a wrong season here in Ghana. (Raining season, June - July). In fact i have made looses through out.
    Meanwhile, i have re invested with new capital to meet the requirement of my customers profitably.
    I hope after the next two months, i will be able to meet my normal payment schedule.
    I took a three months leave to my village to work on my father's farm together some money.
    I can make it after the next two months. Thank you.

    Log in to reply • Share
  • Wise Torgbo Dziedzorm Kwaku    Jun 8, 2015

    There is current shortage or cane and bamboo supply due to the have rain fall in the forest area. Farmers who supply the raw materials complain of wild snake around the harvest area. This is delaying production in this month. I am not able to meet my customers demand as expected.
    I wish to adjust my repayment to enable me do my repayment properly. I hope to readjust my repayment as soon as possible.
    I count on your corporation. Thank you.

    Log in to reply • Share
  • Franmiguel    May 11, 2015

    Hi Wise,
    Thanks for always keeping us up to date.
    I hope that you are now fully recovered from your bout of malaria.
    I also hope that you are fully recovered from your brothers wedding!
    In Australia, weddings usually are big celebrations where one wakes up not so happy the next day, due to eating and drinking too much!
    Anyway, I hope you had a great time.
    Regards
    Michael

    Log in to reply • Share
  • Wise Torgbo Dziedzorm Kwaku    May 11, 2015

    Hello Lenders,
    i traveled to my home village to witness my junior brother traditional marriage.
    i did not have any internet access to update my lenders.
    I am glad to say that, i have receive my loan for the past 3 days.
    I am very happy for your support.

    Log in to reply • Share
  • Wise Torgbo Dziedzorm Kwaku    May 7, 2015

    Hello Lenders,
    I am very happy for your support.
    I would be able to buy some fabrics for some new designs.
    In other to increase sales, i need to supply to meet the demand of my clients.
    The new designs will attract more businesses.
    I just realized that Most of the new others to be supply are for different purposes such as new marriages, location to new homes and also as gift to love ones.
    This current demand have call for different use of colors of fabrics.
    I thank you all very much for your support and i just want to say God blesses you all.

    Log in to reply • Share
  • Franmiguel    May 5, 2015

    Hi Wise,
    Thanks again for being such a great borrower.
    And thanks for always keeping us up to date on your two ventures.
    Sorry I could not jump into your latest loan until just now.
    Regards
    Michael

    Log in to reply • Share
    • Wise Torgbo Dziedzorm Kwaku    May 7, 2015

      Hello Michael,
      thanks very much.
      I have been fighting malaria for the past three days.
      But now i am responding to treatment.
      Thanks.
      Wise.

      Log in to reply • Share
  • Michael Sarpong    May 4, 2015

    Wow! You have a nice business.

    All the best

    Log in to reply • Share


Loading...

Loading...

Loading...