Kente materials

Jeremiah Biney

Kumasi, Ghana

100% repaid

Entrepreneur

Name

Jeremiah Biney

Location

Kumasi, Ghana

On-time repayments

16 weekly installments  •  44%

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

This loan will go into the purchase of raw kente materials. This purchase is to have an advance materials in stock in order to meet the timely needs of my customers and to be able to maintain them for future orders. Moreso, it will help me in quickly delivery on behalf of customers who needs the kente clothes but are not financially sound to make a deposit so we start the work for them.

Income Source

This business usually takes an advance of deposit depending on the amount involved to complete work. As a result, each order to be carried out will have to have some amount deposited before we start. This enable my business to retrieve the amount owed by customers with little difficult and business continue with ease. This initial deposit reduce the total cost to be paid and capital would not be locked up, hence the ability to pay my loan is assured.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$18.02

Date disbursed

May 29, 2021

Repayment status

On Time

Projected term

4 weeks

Cost to entrepreneur

Service fee: $0.82

Credit risk payment: $3.27

Optional expediting fee: $1.64

Lenders

E

Emilie

Toronto, Canada

LH

Lisa Heinze

Milwaukee, Wisconsin, United States

VC

Victor Chong

United States

Paul Buchheit

Mountain View, United States

CE

Christopher Engleright

Stafford, United States

DH

David Hopkins

United States

JI

James Innes

United Kingdom

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