Loan to boost my second hand clothing

Jennifer Effah

Berekum, Ghana

100% repaid



Jennifer Effah

Member since

November 2018

On-time repayments

36 installments  •  78%

About Me

I am Jennifer Effah,the last but on of seven children of Mr and Mrs Tabiri. I started my schooling at grace creche preparatory and Junior high school. Then went to Demonstration Senior high school and finally completed at Saint Hubert junior high school. from there I continued at jinijini senior high school for my senior secondary education. I have now completed with better grades. my parents are both cocoa farmers. because my parents are two seasonal cocoa farmers and I have elderly siblings ahead who are at tertiary i was not disappointed at all when my parents gave me money when I completed Senior high school to start trading to raise save money and get enroled in any of my desire tertiaries in the country. I believe my dreaming of a future teacher is still in progress.

My Business

I currently sell second hand clothing and unused store bags. i have been in this business for about two to three years now. i carry them to the door steps of my cherished and faithful customers. some pay at the spot when they buy and others pay on credit basis I must stay though the business is at times stressful it is Good because it is profitable. Because of my Good customer relations and affordability of my goods I have more than enough customers that always patronize my affordable Good quality goods. I am still saving towards my education. I believe if i do not get the chance to stop this business of my and and go and stay totally at the campus to do my education i will do o distance education and continue also with my trading. I also make much sales on the internet by posting most of my items with their prices on the next and at my facebook official page. My profit varies from week to week.

Loan Proposal

My lenders first I must say I am most grateful for your support towards my business. I am here again to apply yet another loan to boost my business in a way of adding new bales of second hand clothing. If after all the deductions my loan that will reach me is larger enough to purchase new bales of second hand clothing commonly known as (folce). It will increase my profit of about fifteen percent. I see for your help and I will also be that loyal borrower as usual. I will pay you on time as promised. I want this loan to enlarge my business in order to save enough money to continue my education and also employ some one to take care of my business whiles I am away. I will add more second hand clothing to my stock as soon as the loan is disbursed. I believe my lenders to fund my loan and i will receive it on time.






Loan Info

Project Type

Classic Loan

Disbursed amount


Date disbursed

Jan 6, 2019

Repayment status

On Time

Projected term

1 week

Cost to entrepreneur

Service fee: $2.91

Credit risk payment: $11.65


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