Entrepreneur
Name
Jeremiah
Member since
February 2021
On-time repayments
17 installments • 47%
About Me
Am Jeremiah Biney w hiho stays at Atimatim, in the Ashanti region of Ghana. I come from Ekumfi Otuam in the central region. I am 34 years old. I am from the fante tribe and also speak additional languages such as , English, Ga, and Twi. Am also of the Christian religion. I had my tertiary education at Takoradi Polytechnic, where I studied Accountancy and completed in 2010-2011 academic year. I did my national service at Bepaose Methodist primary where I taught mathematics and Information and Communication Technology. After my national service . I have worked with institution such as Bepoase State College as a Financial Accounting , Cost Accounting and Business Management teacher, Daybreak Trading Enterprise as an Accountant in Adum, Kumasi, Omad 7 Consult, as a marketing manager, Sky Opportunity Consult as a branch manager. I own a kente business named as Bineybest kente consult in the Ashanti region and Central region. Currently, am a teacher at Adonia Angels Academy at Maakro in the Ashanti region.
My Business
My business name is BineyBest Kente Consult established in August , 2018. Am head of operation is in Bepaose, where I had my national service. I also have another branch in the Central region . My core business in this field of kente is that, I weave the kente and also train others and upon they perfecting the work I award some of my kente contract to them. I produce quality kente for wedding, funerals, festivals, naming ceremony, inauguration ceremony, Thanksgiving service, anniversary among others. I look forward to expand my kente customer base gradually to meet the demand of the target market on a timely delivery. Currently, my workers in Ashanti region amount to 5 while in the Central region, they are all undertraining hoping to graduate them for full scale of work
Loan Proposal
My purpose for this loan is to enable me purchase kente materials such as thread(reyon/cotton) and scissors. I will also buy packaging rubber for all finished kente goods to customers around and outside my locality. Due to the demand nature of this business, having materials or stocks already for production is an advantage to win my customers and attract others due to the timely production and delivery of kente to all customers.
Income Source
Due to the nature of this business, any order of kente being it for women or men, goes with an advance payment before work is started. After work is completed, the remaining balance is paid by the customer before the kente cloth is sent to him or her.With other contract,more than half of the amount involved is paid before work start. This friendly terms of payment ensures that no contract performed undergoes delay in payment. As a result bof this, I get all my sales on time which is an incentive to repay whatever loan granted me as a have indicated by installment
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Loan Info
Project Type
Classic Loan
Disbursed amount
$26.00
Date disbursed
Apr 20, 2021
Repayment status
On Time
Projected term
4 weeks
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