Loan for my clothing and beads business

Linda

Cape Coast, Ghana

8% repaid

Follow Linda

How it Works

Entrepreneur

Name

Linda

Member since

July 2016

On-time repayments

30 installments • 60%

About Me

I am Linda Nyarko and a young Ghanaian. I am 23 years of age. I am an enterprenuer. I completed senior high school some four years ago and after one year i decided to travel on the path of engaging in my small local wears business and local beads too.
I started this business when there was a clear sign that i will not be able to proceed to the tertiary due to lack of finance.
After working very hard for years now, everything is falling into place now and am glad of my decision to venture into trade.

My Business

I sell locally sown cloth, the ones we call African wear and some local beads. I buy the raw material and give them to specialist for the production to which i pic them up latter and sell.
The young and the old are turning to these local wears of late. Then the beads too used for local events and daily dressing. Hence they are in a high demand now. I ventured into this business because the starting up capital was quiet less, one that i could afford. Then my interest increased and my passion lighted up. I have consistently been making normal profit ever since i started this business.
This business have improve my life so much as is making me self reliant and supporting me and my family economically.

Loan Proposal

I will use some $110.00 to buy the fabrics for the production of the local african wears. Then i will use $80.00 to purchase the beads for sale. Then i will use $20.00 To pay for other service of the fashion designers.
After the fashion designer is done with the production, i will pic them up and sell them in my shop. Nicely displayed, it attracts lots of customers which brings in the needed revenue.
My business will be kept vibrant . I will make a profit increase of some 10% more above my usual profit margin due to the help of this loan.