Loan to buy shoes & sandals to sell

Yeboah

Berekum, Ghana

100% repaid

Follow Yeboah How it Works

Entrepreneur

Name

Yeboah

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

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

Other loans

Jul 2017:  $18

Aug 2017:  $26

Oct 2017:  $67

Mar 2018:  $83

May 2018:  $128

Jun 2018:  $135

Jul 2018:  $183

Sep 2018:  $223

Dec 2018:  $400

Feb 2019:  $582

Apr 2019:  $661

Jun 2019:  $880

Sep 2019:  $810

Dec 2019:  $1,144

Mar 2020:  $1,705

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

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  • Daniel    Apr 29, 2021

    His line is not going through

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  • Daniel    Mar 29, 2021

    He said he will make the payment pretty soon

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  • Daniel    Feb 27, 2021

    Advice has been given to him to use the adjust option of the repayment

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  • Kwamina    Jan 7, 2021

    Yeboah said he will start repayment soon business is slow

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  • Yeboah    Nov 15, 2020

    Business not moving 9n well but am hoping for better days to come soon.

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  • Timothy    Nov 10, 2020

    He has agreed to make some payments in a short time. Thank you.

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  • Yeboah    Sep 15, 2020

    Work still close due to the covid-19

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  • Yeboah    Jul 30, 2020

    I have not yet resume work

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  • Yeboah    Jul 13, 2020

    We are still closed and am not working am hoping to resume work soon to help me repay the amount fast as possible. Thanks to you all for your patience.

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  • Yeboah    Jun 7, 2020

    We have not resume work yet due to covid-19

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  • Yeboah    May 9, 2020

    I have not resume work yet due to social distancing here in Ghana

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  • Yeboah    Mar 28, 2020

    Coronavirus has force our government to partially lockdown our country this has affected my business. Am hoping things will get to how it was soon.

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  • Yeboah    Mar 23, 2020

    6892ghc is the amount I received and I have used it to purchase shoes which I will resell them to make profit it. Thanks you all for supporting me and may the Lord bless you all.

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  • Yeboah    Mar 20, 2020

    Shoes is what am going to buy with the money. Thanks for your continually support.

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  • Yeboah    Mar 15, 2020

    Thanks for your support and trust u have in me. Keep supporting me by contributing to help me achieve my dream.

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  • Yeboah    Mar 11, 2020

    Business has start to speed up a little bit, but am still on point of repaying this debt on time to help access for more. Thanks for your support.

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  • Yeboah    Feb 21, 2020

    Thank God for the success I have having so far. Another thanks to zidisha for keep supporting me. Business has been slow of late and small small I will pay it on time.

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  • Yeboah    Feb 3, 2020

    Thanks to you all for supporting me to this level. I promise to keep it up.

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  • Yeboah    Jan 17, 2020

    MTN Ghana is having problemvwith the network, which has make transaction impossible. So please I'll pay it as soon as the network gets back to normal.

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  • Yeboah    Jan 13, 2020

    Business has been slow lately but surely we will get there. Soon the workers will start receiving their salary which will change the economy for good. Sorry for the late repayment.

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