For buying materials and machine for my business

Fosu John

Berekum, Ghana

85% repaid

Entrepreneur

Name

Fosu John

Member since

August 2015

On-time repayments

39 installments  •  64%

About Me

FOSU JOHN IS MY NAME.I AM TAILOR BY PROFESSION.I AM THE FIRST BORN OF MY PARENT.I STARTED MY EDUCATION IN BEREKUM SAINT TESS PRIMARY AND JUNIOR HIGH SCHOOL,I COMPLETED MY JUNIOR HIGH SCHOOL, BUT CAN NOT COMPLETED SENIOR HIGH LEVEL.THE REASON WHY I CAN NOT COMPLETED IS THAT MY FATHER PASS AWAY.ON THE 1ST DAY OF MARCH WHEN I WAS 15 YEARS OF AGE AND FIRST YEAR STUDENT IN SENIOR HIGH SCHOOL,I RECEIVED INFORMATION FROM MY HEAD MASTER AND IT WAS SAD NEWS.ALL IS ABOUT THE DEATH OF MY FATHER ,HE REPORT TO ME THAT MY FATHER HAS DIE AND I CAN NOT STAND ON MY FIT BECAUSE AM WORRY AND CRYING ABOUT MY EDUCATION.I STARTED CRYING WHO WILL TAKING CARE OF MY EDUCATION .IN FACT MY SCHOOL MASTER AND MY FRIENDS WAS CRYING BECAUSE OF HOW I WAS CRYING ABOUT MY EDUCATION.SINCE THAT MY MUM WAS TAKING CARE OF MY EDUCATION AND MY YOUNGER SISTER TOO. MY MUM GOT HEART ATTACK AND SHE CAN NOT WORK ANY MORE,SO I CAN NOT GET MONEY TO PAY MY FESS AND IN THE SAME TIME MY REGISTRATION FESS TOO.BECAUSE OF THAT I STOP SCHOOL , NO SUPPORT.ONE DAY I AM ON MY WAY FROM CHURCH TO MY HOME AND I TAKE TAXI WITH A MAN WHO LEFT HIS MOBILE PHONE IN THE CARE SO I TAKE THE PHONE AND QUICKLY CALLED HIM AND GIVE THE PHONE TO HIM ,HE ASK MY NAME AND LITTLE ABOUT MY LIFE.I SAID EVERY THING ABOUT MY LIFE TO HIM AND HE TOLD ME HE WILL HELP ME SO I SHOULD COME TO HIS SHOP .HE GIVE ME HIS ADDRESS.THE NEXT DAY I WANT THERE AND I MET HIM ,HE TOLD ME MORE ABOUT LIFE AND HE ASK IF I AM INTERESTING IN THE BUSINESS ,WHY NOT I TOLD HIM I AM INTERESTED SO SINCE THAT HE STARTED TEACHING ME MORE ABOUT DESIGNING AND HOW TO SEWING .FIVE YEARS I BECAME MY OWN MASTER HE HELP ME RENT SHOP AND THAT IS HOW I GOT MY OWN BUSINESS.

My Business

MY JOB INVOLVES,DESIGNING AND PRODUCTION OF CLOTHS.I DESIGN CLOTHS ACCORDING TO CUSTOMERS TASTE AND PREFERENCE.
DESIGNED CLOTH ARE ON DEMAND AS MOST PEOPLE PREFER TO WHAT THEY CAN WATCH BEING PROCESSED AND WOULD OBVIOUSLY MEET THERE TASTE AND PREFERENCES.IT MAKE THE BUSINESS GOODS GO HIGH.I CHOOSE THESE BUSINESS BECAUSE I HAD BEE TRAINED,AND THE BUSINESS IS GOOD AND GIVE ME DAILY BREAD AND HELP ME TO TAKE CARE OF MY FAMILY.
EVERY DAY I CAN GET AROUND GHC50 TO GHC100 SO THE MONTH WHEN I SERVICE MY MACHINES AND PAY MY UTILITY BILLS I CAN GET AROUND 300 TO 500 GHANA CEDIS .I WILL USED MY PROFIT TO TAKE CARE OF MY FAMILY AND PAY MY CHILDREN SCHOOL FESS AND SAVE FOR PURPOSE OF BUSINESS EXPANSION

Loan Proposal

I AM TAILOR,SO I DESIGNING AND PRODUCTION OF CLOTH FOR PEOPLE LIKE SCHOOLS, GOVERNMENT WORKERS ,ASSOCIATIONS.THE WORKERS HERE ALWAYS BUSY AT THEIR WORK.MANY PEOPLE CALLED ME FOR WORK.BECAUSE I GOT MORE WORK IS THAT I DID IT FOR THEM IN THE TIME THEY NEED IT.
FROM MY SAVINGS AND LOAN THAT I AM APPLYING FOR I HOPE TO BY NEW MACHINE AND MATERIALS FOR MY BUSINESS.I CHOOSE THESE BUSINESS BECAUSE I HAD BEE TRAINED,AND THE BUSINESS IS GOOD AND GIVE ME DAILY BREAD AND HELP ME TO TAKE CARE OF MY FAMILY.
EVERY DAY I CAN GET AROUND GHC50 TO GHC100 SO THE MONTH WHEN I SERVICE MY MACHINES AND PAY MY UTILITY BILLS I CAN GET AROUND 300 TO 500 GHANA CEDIS .I WILL USED MY PROFIT TO TAKE CARE OF MY FAMILY AND PAY MY CHILDREN SCHOOL FESS AND SAVE FOR PURPOSE OF BUSINESS EXPANSION

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$92.50

Date disbursed

Aug 14, 2015

Repayment status

Late

Projected term

9 months

Cost to entrepreneur

Service fee: $2.41

Fosu opted to pay $6.33 into the Zidisha Members Loan Fund in return for a higher starting credit limit.

Lenders

nicole

Worcester, Ma, United States

C

cjmenchaca

Austin, United States

D

Dadiolafs

Vestmannaeyjar, Iceland

ads68

Melbourne, Australia

fairspirit

Utrecht, Netherlands

stever

Cape Coral, United States

dlpringle

Denver, United States

mepster

San Francisco, Ca, United States

KM

Kirsty M

United Kingdom

Matthias

Frankfurt Am Main, Germany

Rosario von Li

San Jose, Ca, United States

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