Loan to buy shoes & sandals to sell

Yeboah Herbert

Berekum, Ghana

100% repaid

Entrepreneur

Name

Yeboah Herbert

Member since

August 2015

On-time repayments

146 installments  •  82%

About Me

It all started when I have to stop my university education due to money issue as the person who is paying for my school fees said he can't afford anymore so my parent have to continue from where he has left it. After this incident I went for loan and started this business on my own which I have paid it back without owning them. I want to put my business on the next level by creating a website for it so that I can reach millions of people, thus joining the online selling. I want a future where my kids will enjoy better education and to be best of what they believe in. Now I've been teaching myself how to develop Android app. So that I can develop one for my work soon.

My Business

Am into selling of executive shoes. It is mostly used by the working class and occasionally used by non working class. In my society it represent decency and gentleness. I earn profit from it as I buy it at wholesale price and sell it to my customers to earn a profit from it. I can buy a shoe of 150ghc and sold it at 250-300ghc to earn a living. I incur cost like electricity, transportation and rent. But my cashflow outweigh my cost

Loan Proposal

As Christmas is approaching, this loan will be used to purchase Christmas shoes and sandals as some Ghanaians have the mentality of buying their Christmas shoe and sandals now whiles is cheap. I hope to make more profit than before from this loan as the time is right for the business. I believe i can increase my profit to 5% and the second of the profit will be reinvested into my business and the rest will be save for future useage.

Feedback

5

None

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Loan Info

Project Type

Classic Loan

Disbursed amount

$304.00

Date disbursed

Nov 13, 2018

Repayment status

On Time

Projected term

4 weeks

Lenders

rebecca

Chapin SC, United States

A

agwong

California, United States

frankcalberg

Zürich, Switzerland

P

Per

Randers, Denmark

V

vidarlil

Sandefjord, Norway

smonroe

Stanford, United States

J

johans

Malmö, Sweden

N

nkalina

Bloomington, United States

tjm212003

Montreal, Canada

JB

James Broderick

Cobham, United Kingdom

B

bgalon

London, United Kingdom

E

Errol

Bradenton, FL, United States

neffe

Berlin, Germany

H

henry3x

Aarschot, Belgium

S

Snick

Halle, Germany

A

alfredo

Bremen, Germany

C

Canlender1

Nanaimo, Canada

M

mzeb

fort myers, United States

N

Neoptol

Zell am See, Austria

F

Fabrizio

Grottaferrata, Italy

M

Monarch84

Las Vegas, United States

thepaddy

Essen, Germany

zebby24

Ft.myers, United States

S

susa

Forchtenberg, Germany

G

Givemoreuseless

Waterloo, Canada

seabass

New York, United States

investor

Candiac, Canada

jesuisneil

MATTESON, United States

Johnny

shanghai, China

MarktheMormon

Sandy, Utah, United States

S

share

Whitby, Canada

Lorax

Around, United States

S

scrabblelives

Nashville, United States

Cloudways

Malta, Malta

T

tanio

Darmstadt, Germany

zphelj

Dallas, United States

ads68

Melbourne, Australia

L

leeirel

Edmonton, Canada

Gordons28

Santa Monica, United States

CA

Chris and Janet

Portland, OR USA, United States

R

ronimo

Brussels, Belgium

A

ADISI

Bern, Switzerland

Z

zidishan

Trifouillis, France

sderickson

Berkeley, CA, United States

J

JacobvdW

Netherlands

Paul Buchheit

Mountain View, United States

Brooklyn

Brooklyn, United States

Janet Merrill Miller

The Mossy Pacific Northwest, United States

Ben Triola

St. Louis, United States

Greg Howard

Reno, Nv, United States

JL

Jindou Lee

United States

Felix

Munich, Germany

Sherri Quinn

North Saint Paul, United States

WE

Wendy Emlyn

Devon, United Kingdom

Ren

Minneapolis/StPaul, United States

M

Margaret

United States

Emily

San Francisco, United States

Joshi

United States

JRM

South Bend, IN, United States

KO

Ken Oram

Warrington, United Kingdom

Ask Yeboah a question about this loan project, share news and photos of your own, or send a simple note of thanks or inspiration.

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