Loan for my hair business

Rita

Zogbele - Tamale, Ghana

38% repaid

Entrepreneur

Name

Rita

Member since

November 2016

On-time repayments

37 installments  •  32%

About Me

I have begun life as a poor child born into a very poor family at Zogbele, animal rearing community in the Northern Region of Ghana. I had my basic education at Zogbele District Assembly(D/A) school and then furthered to Tamale Senior High School(TAMASCO) where I studied Home Economics/Science (Fashion and Design Option).
However, after I completed TAMASCO, there was no one to look after me at tertiary so I hustled to get seed capital to operate hair retailing business here in Zogbele, Tamale so as to earn and make a difference.
Today, everybody in the family and some neighbors look up to me in times of difficulties. At the moment, I am gladly looking after a number of intelligent but poor children in school at various stages. Glory be to God.

My Business

I run hair retailing shop of mine own where I sell different kinds of hair on the market. Across the globe, ladies today want to look gorgeous with different types of hair styles and; Ghana and Tamale for that matter is not exception. This development make the demands on hair to augment oftentimes.
This has also informed decision to choose this kind of business. I buy most of my hair from Kumasi because of its nearness to me as compared to Accra. Since I purchase my goods from outside my region of residence, most of my expenses go to transportation of my goods from Kumasi to Tamale.
I reinvest part of my profits into the business and use the some to support others especially my dependants. The remaining profits is then saved against contigencies

Loan Proposal

Hello, Lenders
I write submissively apply for financial support (Loan) to enable me transport my goods from Kumasi to Tamale for sale. But for the heavy expenditure on my dependants, I would have catered for it using my income.

However, if you could please approve this humble application, it will result to an appreciation in my revenue margin thereby equipping me to stay in business and keep supporting others.
I hereby humbly submit my application for your review and swift approval.
I hope to hear from you sooner favourably.

Thank you

Rita Sottie

Feedback

None

None

None

Loan Info

Project Type

Classic Loan

Disbursed amount

$9.00

Date disbursed

Nov 25, 2016

Repayment status

Late

Projected term

8 months

Lenders

Lotus Flower

United States

PG

Paul Graham

United States

Humble Bundle Community

San Francisco, United States

A

Anonymous

United States

A

Anonymous

United States

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Summary

Amount repaid

$3.58

Amount remaining

$5.89

Expected completion

Aug 13, 2017

Status

Repaying late

Installment amount

$0.26

Repayment History

Expected Payments Actual Payments
Dec 4, 2016 $0.26 Nov 30, 2016 $0.26
Dec 11, 2016 $0.26 Nov 30, 2016 $0.26
Dec 18, 2016 $0.26 Nov 30, 2016 $0.26
Dec 25, 2016 $0.26 Nov 30, 2016 $0.26
Jan 1, 2017 $0.26 Jan 25, 2017 $0.26
Jan 8, 2017 $0.26 Jan 25, 2017 $0.26
Jan 15, 2017 $0.26 Jan 25, 2017 $0.26
Jan 22, 2017 $0.26 Jan 25, 2017 $0.26
Jan 29, 2017 $0.26 Jan 25, 2017 $0.26
Feb 5, 2017 $0.26 Jan 25, 2017 $0.26
Feb 12, 2017 $0.26 Jan 25, 2017 $0.26
Feb 19, 2017 $0.26 Jan 25, 2017 $0.26
Feb 26, 2017 $0.26 Jan 25, 2017 $0.26
Mar 5, 2017 $0.26 Jan 25, 2017 $0.26
Mar 12, 2017 $0.26
Mar 19, 2017 $0.26
Mar 26, 2017 $0.26
Apr 2, 2017 $0.26
Apr 9, 2017 $0.26
Apr 16, 2017 $0.26
Apr 23, 2017 $0.26
Apr 30, 2017 $0.26
May 7, 2017 $0.26
May 14, 2017 $0.26
May 21, 2017 $0.26
May 28, 2017 $0.26
Jun 4, 2017 $0.26
Jun 11, 2017 $0.26
Jun 18, 2017 $0.26
Jun 25, 2017 $0.26
Jul 2, 2017 $0.26
Jul 9, 2017 $0.26
Jul 16, 2017 $0.26
Jul 23, 2017 $0.26
Jul 30, 2017 $0.26
Aug 6, 2017 $0.26
Aug 13, 2017 $0.26

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