Elizabeth
Ho -kpetoe - Posmonu, Ghana
10% repaid
Name
Elizabeth
Member since
February 2016
On-time repayments
59 installments • 80%
My name is Elizabeth Akonu from Ghana in West of Africa. i grew up in a family of Four with me been the only girl but i was the first too. my father was a pupil teacher and my mother was a trader. Thus i did went to the market so many times with my mom in my childhood days. i had quiet a nice time growing up as my schooling was my parents priority. However everything changed when my other siblings were born and as the number increased so did our standard of living. now my father and us were stationed in one Village in the Ashanti region of Ghana.
Then my father got sick with prostrate along the way and everything changed drastically such that we have not really been able to recover from it till today. he had to go on compulsory retirement and with it associated problems.
as a results, i decided to not continue with my education right after my senior high school certificate exams and i joined my mom in the trade. It was difficult but with time i really picked it up and with the hard working attitude that was instilled in my from childhood, i was able to go through it.
As mom grew older, the responsibilities as a woman in the house felt on me and i took it gladly even though i was not of the legal age then. i have managed this local cloth, beads and ear rings business for more than seven years now and with hard work and dedication to a dream to help push my young brothers through school and to grow the business to the best of my abilities and to help myself in the process to avoid been vulnerable, this is how far i have come now.
I like cooking as a hobby and also swimming.
As we speak, i deal and sell local cloth, all kinds of beads, and all kinds of jewry most especially ear rings and hand bangles for ladies and women.
these are everyday goods, since women always buy cloth and beads for their dressing styles. For me, choosing this kind of business was due to the fact that we were given these inventory on credit and which we pay latter. and the initial amount was not that much and then the profits was great and there were an already market for the cloth, beads, and the ear rings.
Selling cloth in Ghana is very lucrative, when you invest say a $100, you make around 45%to 50% of the invested capital. so i will make from $45-$50 of profit and the same run for the beads but the ear rings makes more than a 50% profit of invested capital.
The profits are used to cater for the rest of my brothers school expenses, and to keep the home, then i safe a very small percentage and invest the rest into the business.
I will invest the entire amount straight into the business. i will buy the following items;
Local made textile cloth of all kinds..............$150.00
local made beads like those i am standing closer to in my profile picture..............................................................................$120.00
Ear rings of all kinds for both the young and old.........$80.00
This funding will really instill confidence in to my business and will help me to sell more to realize my dream of building a great business even though it is so small today.
since this capital is for business, i will be making close to a 50% profit on the entire capital which i am going to invest. Then i am in the better position to repay well now since this time around i will be receiving the entire amount,. With this i say thank you to all who helped me the first time. I am forever grateful.
Positive
1
Neutral
None
Negative
None
Project Type
Classic Loan
Disbursed amount
$472.00
Date disbursed
Aug 2, 2016
Repayment status
Late
Projected term
66 months
Other loans
Ask Elizabeth a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.
Amount repaid
$49.86
Amount remaining
$445.88
Expected completion
May 28, 2017
Status
Repaying late
Installment amount
$55.28
Expected Payments | Actual Payments | ||
---|---|---|---|
Aug 14, 2016 | $12.92 | Aug 15, 2016 | $12.92 |
Aug 21, 2016 | $1.29 | Aug 23, 2016 | $1.29 |
Aug 28, 2016 | $1.29 | Aug 29, 2016 | $1.29 |
Sep 4, 2016 | $1.29 | Sep 6, 2016 | $1.29 |
Sep 11, 2016 | $1.29 | Sep 6, 2016 | $1.29 |
Sep 18, 2016 | $1.29 | Sep 20, 2016 | $1.29 |
Sep 25, 2016 | $1.29 | Sep 20, 2016 | $1.29 |
Oct 2, 2016 | $1.29 | Oct 10, 2016 | $1.29 |
Oct 9, 2016 | $1.29 | Oct 10, 2016 | $1.29 |
Oct 16, 2016 | $1.29 | Oct 20, 2016 | $1.29 |
Oct 23, 2016 | $1.29 | Oct 25, 2016 | $1.29 |
Oct 30, 2016 | $1.29 | Oct 25, 2016 | $1.29 |
Nov 6, 2016 | $1.29 | Nov 9, 2016 | $1.29 |
Nov 13, 2016 | $1.29 | Nov 16, 2016 | $1.29 |
Nov 20, 2016 | $1.29 | Nov 21, 2016 | $1.29 |
Nov 27, 2016 | $1.29 | Dec 5, 2016 | $1.29 |
Dec 4, 2016 | $1.29 | Dec 13, 2016 | $1.29 |
Dec 11, 2016 | $1.29 | Dec 13, 2016 | $1.29 |
Dec 18, 2016 | $1.29 | Dec 13, 2016 | $1.29 |
Dec 25, 2016 | $1.29 | Dec 23, 2016 | $1.29 |
Jan 1, 2017 | $1.29 | Dec 23, 2016 | $1.29 |
Jan 8, 2017 | $1.29 | Jan 13, 2017 | $1.29 |
Jan 15, 2017 | $1.29 | Jan 25, 2017 | $1.29 |
Jan 22, 2017 | $1.29 | Jan 25, 2017 | $1.29 |
Jan 29, 2017 | $0.00 | ||
Feb 5, 2017 | $0.00 | ||
Feb 12, 2017 | $0.77 | Feb 17, 2017 | $0.77 |
Feb 19, 2017 | $0.77 | Mar 3, 2017 | $0.77 |
Feb 26, 2017 | $0.77 | Mar 3, 2017 | $0.77 |
Mar 5, 2017 | $0.77 | Mar 8, 2017 | $0.77 |
Mar 12, 2017 | $0.77 | Mar 8, 2017 | $0.77 |
Mar 19, 2017 | $0.77 | Mar 8, 2017 | $0.52 |
Mar 21, 2017 | $0.26 | ||
Mar 26, 2017 | $0.77 | Mar 21, 2017 | $0.52 |
Apr 1, 2017 | $0.26 | ||
Apr 2, 2017 | $55.28 | Apr 1, 2017 | $1.29 |
Apr 9, 2017 | $55.28 | ||
Apr 16, 2017 | $55.28 | ||
Apr 23, 2017 | $55.28 | ||
Apr 30, 2017 | $55.28 | ||
May 7, 2017 | $55.28 | ||
May 14, 2017 | $55.28 | ||
May 21, 2017 | $55.28 | ||
May 28, 2017 | $5.42 |
Loading...