Iventory into my boutique shop

Twum

Sunyani-odumasi, Ghana

100% repaid

Entrepreneur

Name

Twum

Member since

February 2016

On-time repayments

85 installments  •  48%

About Me

Am called Twumasi Michael. I am 29 years of age, fair in complexion and moderately built. I come from Sunyani-Odumasi in the Brong Ahafo Region of Ghana. I am in a family of seven and the second son of my parents. I had my primary and Basic Education at the Odumasiman Demonstration Primary and J.H.S and furthered at Sunyani Senior High School in the Brong Ahafo Region of Ghana. I pursued an HND course in Marketing at the Sunyani Polytechnic (S-Poly) in Ghana. I am married to Mrs. Comfort Frimpomaa with two lovely kids, Lordina and Peter. I am self-employed. I run my own mini boutique where I sell all kinds cloths, both second hand and brand new (Already made). I entered into this business due to the high demand for cloths in my area. Over the few years of my practice, I have been able to employ one person who give a helping hand at the shop. The food I like best is plain rice and beans stew. My hobbies are reading, watching movies and art work.

My Business

I started my mini boutique with the name"THE BASE SPECIAL BOUTIQUE" in the year 2012 with the capital of $250.00. I sell all kinds of cloths such as men's wear, women's wear, children's wear,shoes and sandals etc. I also sell second-hand cloths of all kinds. I have employed only one person into my business. Now I have a capital of about $750. Due to the increasing demand of cloths, my business is fast growing. I intend to open up my business to a greater height due to the high demand of cloths. I also intend to increase my profit margin from 50% to 60% by the close of the next three months. I am now working also with Herbalife which is a nutrition company and it's now in Ghana. We provide good nutrition to all manner of persons. It had boosted my business strategies and my business is now flourishing like never before. Part of the profit will be reinvested In my business so that I can make prompt payment.

Loan Proposal

Dear lenders, am pleading with you to help me with a loan of $100.00 to purchase more cloths into my mini boutique. I have some capital but not enough to make the purchase. When am given this loan, it will help me expand my boutique and employ more people. It will also help me increase my profit margin by 50% within the next three months. The increase in my profit will go a long way to assist me take very good care of my kids as well as my aged mother. I will agree to any terms and conditions given to me and promise to repay my loan on time. Thank you .

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$100.00

Date disbursed

Mar 3, 2016

Repayment status

On Time

Projected term

2 months

Lenders

The Zinc Team

San Francisco, United States

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  • Eric    Feb 27, 2020

    Applicant phone has been switched off and one of his references has promised to talk to him for the repayment

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  • Agnes    Jan 23, 2020

    I didn't reach the applicant but i was able to speak to his reference and promised to inform him to make the payment

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  • Twum    Sep 2, 2019

    Business has slowed down a little bit and that is making me not reach my target every week and i am hoping for a better change this week so that i can do the necessary settlements.
    Thank you very much.

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  • Twum    Aug 10, 2019

    Please my lenders i would like to reduce my next 2 installments because business has been slow for me this week and i do not want to default in my repayment. I will make sure that every necessary step is put in place so that i can repay as scheduled. Thank you my lenders.

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  • Twum    Jul 29, 2019

    The amount i received is GHS 544 after the service fee as well as the credit risk payment. The money was used to buy some ladies and gents clothes and they are being added to the stock that i had already and seriously business will be so good in the few weeks to come since my customers will have a lot to choose from. Thank you very much my lenders for such a kind gesture and i appreciate that very much. Once again thank you my lenders.

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  • Twum    Jul 27, 2019

    This loan will be used to purchase more clothes for my shop including both ladies and gents wear. This will go a long way to help me since i will be able to meet the demands of my customers. Thanks to you my lenders for your support.

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  • Twum    Nov 19, 2018

    thank you very much my lenders for such a wonderful assistance and things are very much okay.

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  • Twum    Sep 1, 2017

    I am highly grateful for such a support. This loan has really helped me alot. I've been able to increase my profit margin. I really thank you my lenders for the support given me.

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  • Twum    Jul 3, 2017

    I just received GHS 727 after the 5% service fee. This amount will be used to buy more clothes and shoes for both ladies and gents and also to make my shop look very active in order to cater for all manner of persons who needs good clothes to wear. Thank you my lenders for such a wonderful support. God bless you

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  • Twum    Jul 2, 2017

    Before I say anything I would like to express my sincere gratitude to o my dear lenders as you continue to support me in my business. This amount will be used to buy ladies and gents clothes and shoes so that my shop can be filled up with good clothes. This will go a long way to help me because I will be able to support my family with the income that will be generated and now I can see there's hope for my future. Once again thank you my lenders and may God reward you in all your endeavors.

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  • Twum    Jun 26, 2017

    The loan was used to purchase some clothes for my botique. I have been able to reinvest in my business and now it's booming so much. My earnings have increased to 35% and am still counting my profit. I've been able to provide good nutrition to my family and the people around me ever since I came into contact with Herbalife nutrition.

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  • Hellen Korkor    Feb 14, 2017

    Twum says he will pay soon

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  • Twum    Sep 5, 2016

    Thank you lenders,i have received my loan of $395.04

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  • Twum    Aug 24, 2016

    This loan will help me purchase enough cloths into my mini boutique. thank you for your support.

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  • Twum    Jun 24, 2016

    The loan $205.15 given to me has help me purchased enough cloths into my shop.my business is now growing fast. thank you for your support.

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  • Twum    May 18, 2016

    I have received my loan.thank you

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  • Twum    May 16, 2016

    Thank you lenders for your support and kindness.My business has improved by 10% with the first loan given to me.

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  • Twum    May 10, 2016

    My business has improved all because of the help of Zidisha.

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  • Twum    May 1, 2016

    business is good

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  • Twum    Mar 21, 2016

    Business is good this week so i want to increase my repayment amount.thank you

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