Loan to boost my clothing sale business
Twum
Sunyani-odumasi, Ghana
100% repaid
Entrepreneur
Name
Twum
Member since
February 2016
On-time repayments
85 installments • 48%
About Me
Am called Twumasi Michael. I am 29 years of age, fair in complexion and moderately built. I come from Sunyani-Odumasi in the Brong Ahafo Region of Ghana. I am in a family of seven and the second son of my parents. I had my primary and Basic Education at the Odumasiman Demonstration Primary and J.H.S and furthered at Sunyani Senior High School in the Brong Ahafo Region of Ghana. I pursued an HND course in Marketing at the Sunyani Polytechnic (S-Poly) in Ghana. I am married to Mrs. Comfort Frimpomaa with two lovely kids, Lordina and Peter. I am self-employed. I run my own mini boutique where I sell all kinds cloths, both second hand and brand new (Already made). I entered into this business due to the high demand for cloths in my area. Over the few years of my practice, I have been able to employ one person who give a helping hand at the shop. The food I like best is plain rice and beans stew. My hobbies are reading, watching movies and art work.
My Business
I started my mini boutique with the name"THE BASE SPECIAL BOUTIQUE" in the year 2012 with the capital of $250.00. I sell all kinds of cloths such as men's wear, women's wear, children's wear,shoes and sandals etc. I also sell second-hand cloths of all kinds. I have employed only one person into my business. Now I have a capital of about $750. Due to the increasing demand of cloths, my business is fast growing. I intend to open up my business to a greater height due to the high demand of cloths. I also intend to increase my profit margin from 50% to 60% by the close of the next three months. I am now working also with Herbalife which is a nutrition company and it's now in Ghana. We provide good nutrition to all manner of persons. It had boosted my business strategies and my business is now flourishing like never before. Part of the profit will be reinvested In my business so that I can make prompt payment.
Loan Proposal
Thank for for your support and kindness so far. The second loan given to me has really brought some increase in my weekly sales.My lenders,i need a third loan of GHS 1530.00 to help purchase more cloths into my shop so that i can sell more to increase my weekly profit by 35%.My lenders,please help me with this loan and i promise to repay my loan on time. thank you
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Loan Info
Project Type
Classic Loan
Disbursed amount
$395.00
Date disbursed
Sep 5, 2016
Repayment status
On Time
Projected term
9 months
Other loans
Lenders
United States
Summary
Amount repaid
$395.04
Amount remaining
$0.00
Date repaid
Jun 23, 2017
Status
Fully repaid
Installment amount
$10.29
Next installment
Jun 11, 2017
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Sep 18, 2016 | $10.29 | Oct 8, 2016 | $10.29 |
| Sep 25, 2016 | $10.29 | Oct 8, 2016 | $1.29 |
| Oct 14, 2016 | $9.01 | ||
| Oct 2, 2016 | $10.29 | Oct 14, 2016 | $2.57 |
| Oct 19, 2016 | $7.72 | ||
| Oct 9, 2016 | $10.29 | Oct 19, 2016 | $5.15 |
| Oct 28, 2016 | $5.15 | ||
| Oct 16, 2016 | $10.29 | Oct 28, 2016 | $5.15 |
| Nov 3, 2016 | $5.15 | ||
| Oct 23, 2016 | $10.29 | Nov 3, 2016 | $7.72 |
| Nov 7, 2016 | $2.57 | ||
| Oct 30, 2016 | $10.29 | Nov 7, 2016 | $10.29 |
| Nov 6, 2016 | $10.29 | Nov 26, 2016 | $10.29 |
| Nov 13, 2016 | $10.29 | Nov 26, 2016 | $10.29 |
| Nov 20, 2016 | $10.29 | Nov 26, 2016 | $10.29 |
| Nov 27, 2016 | $10.29 | Nov 26, 2016 | $10.29 |
| Dec 4, 2016 | $10.29 | Nov 26, 2016 | $2.57 |
| Jan 25, 2017 | $7.72 | ||
| Dec 11, 2016 | $10.29 | Jan 25, 2017 | $10.29 |
| Dec 18, 2016 | $10.29 | Jan 25, 2017 | $7.72 |
| Jan 26, 2017 | $2.57 | ||
| Dec 25, 2016 | $10.29 | Jan 26, 2017 | $10.29 |
| Jan 1, 2017 | $10.29 | Jan 26, 2017 | $10.29 |
| Jan 8, 2017 | $10.29 | Jan 26, 2017 | $10.29 |
| Jan 15, 2017 | $10.29 | Jan 26, 2017 | $10.29 |
| Jan 22, 2017 | $10.29 | Jan 26, 2017 | $9.52 |
| Jun 9, 2017 | $0.77 | ||
| Jan 29, 2017 | $10.29 | Jun 9, 2017 | $10.29 |
| Feb 5, 2017 | $10.29 | Jun 9, 2017 | $10.29 |
| Feb 12, 2017 | $10.29 | Jun 9, 2017 | $4.38 |
| Jun 9, 2017 | $5.92 | ||
| Feb 19, 2017 | $10.29 | Jun 9, 2017 | $10.29 |
| Feb 26, 2017 | $10.29 | Jun 9, 2017 | $10.29 |
| Mar 5, 2017 | $10.29 | Jun 9, 2017 | $10.29 |
| Mar 12, 2017 | $10.29 | Jun 9, 2017 | $10.29 |
| Mar 19, 2017 | $10.29 | Jun 9, 2017 | $10.29 |
| Mar 26, 2017 | $10.29 | Jun 9, 2017 | $10.29 |
| Apr 2, 2017 | $10.29 | Jun 9, 2017 | $9.52 |
| Jun 19, 2017 | $0.77 | ||
| Apr 9, 2017 | $10.29 | Jun 19, 2017 | $10.29 |
| Apr 16, 2017 | $10.29 | Jun 19, 2017 | $10.29 |
| Apr 23, 2017 | $10.29 | Jun 19, 2017 | $10.29 |
| Apr 30, 2017 | $10.29 | Jun 19, 2017 | $10.29 |
| May 7, 2017 | $10.29 | Jun 19, 2017 | $8.24 |
| Jun 22, 2017 | $2.06 | ||
| May 14, 2017 | $10.29 | Jun 22, 2017 | $10.29 |
| May 21, 2017 | $10.29 | Jun 22, 2017 | $9.01 |
| Jun 23, 2017 | $1.29 | ||
| May 28, 2017 | $10.29 | Jun 23, 2017 | $10.29 |
| Jun 4, 2017 | $10.29 | Jun 23, 2017 | $10.29 |
| Jun 11, 2017 | $10.29 | Jun 23, 2017 | $3.86 |
| Jun 18, 2017 | $0.00 | ||
| Jun 25, 2017 | $-16.73 | ||
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