Industrial sewing machine for my clothing production
Ernest Banewer
Techiman, Ghana
100% repaid
Entrepreneur
Name
Ernest Banewer
Member since
January 2016
On-time repayments
50 installments • 98%
About Me
I am a University graduate who believes that Africa could be a better place with entrepreneurship. So after my national service to my country I decided to do something with my hands and not to wait to be employed by the government. I therefore started to learn how to sew African prints and within a month I could sew perfectly like someone who has learnt it for years. I love to sew and I want to help others to learn it too.
My Business
Sewing African wears is my business and I love it so much. Although it is small now, I believe it will become bigger in the near future when I get the needed support. My dream is to become the leading supplier of African wears in Ghana and across Africa in the foreseable future and to also train brilliant but poor people to also learn and be on their own. So help me to help others.
Loan Proposal
When I get this loan, I would use it to purchase an industrial sewing machine. My current sewing machine is too old and it is not working efficiently.
If I'm able to get a new one, I could work faster and reduce production time significantly. This can help me increase my earnings by 20%.
It would cost about $350 to get it and set it up for work locally.
Feedback
Positive
3
Neutral
None
Negative
None
Loan Info
Project Type
Classic Loan
Disbursed amount
$362.00
Date disbursed
Nov 17, 2016
Repayment status
On Time
Projected term
3 months
Other loans
Lenders
United States
United States
United States
United Kingdom
Basel, Switzerland
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Summary
Amount repaid
$361.85
Amount remaining
$0.00
Date repaid
Mar 17, 2017
Status
Fully repaid
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Nov 26, 2016 | $17.91 | Nov 25, 2016 | $17.91 |
| Dec 3, 2016 | $17.91 | Dec 3, 2016 | $17.91 |
| Dec 10, 2016 | $17.91 | Dec 9, 2016 | $17.91 |
| Dec 17, 2016 | $17.91 | Dec 16, 2016 | $17.91 |
| Dec 24, 2016 | $17.91 | Dec 24, 2016 | $17.91 |
| Dec 31, 2016 | $17.91 | Dec 30, 2016 | $17.91 |
| Jan 7, 2017 | $17.91 | Jan 6, 2017 | $17.91 |
| Jan 14, 2017 | $17.91 | Jan 13, 2017 | $17.91 |
| Jan 21, 2017 | $17.91 | Jan 20, 2017 | $17.91 |
| Jan 28, 2017 | $23.03 | Jan 27, 2017 | $23.03 |
| Feb 4, 2017 | $23.03 | Feb 4, 2017 | $23.03 |
| Feb 11, 2017 | $23.03 | Feb 13, 2017 | $23.03 |
| Feb 18, 2017 | $23.03 | Feb 18, 2017 | $23.03 |
| Feb 25, 2017 | $23.03 | Feb 24, 2017 | $23.03 |
| Mar 4, 2017 | $23.03 | Mar 5, 2017 | $23.03 |
| Mar 11, 2017 | $23.03 | Mar 10, 2017 | $23.03 |
| Mar 18, 2017 | $39.41 | Mar 17, 2017 | $39.41 |
BernadetteV Mar 17, 2017
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