To buy African beads and stones to make necklaces to sell
Evans King
Konongo, Ghana
$0 to go
100% funded of $157 goal
0
days left
Entrepreneur
Name
Evans King
Member since
April 2021
On-time repayments
12 installments • 17%
About Me
My official name is Evans King Osei Bonsu. I was named after my grandfather who was a king at Duaponpo in Ashanti Kingdom. Ashanti is a great Kingdom with great people as the golden stool unites us all. This is the place I was was born and I proud to be among my people. I am yet to marry and have completed sencodary school at Konongo Odumasi Shs. I live alone with two of my siblings whom I cater for. I like skipping and very active in sports.
My Business
I sell tradional clothes like kente, funeral clothes, traditional beads and necklace. People from all sort of world comes toy shop to trade. I make them happy by giveing them a product worth o their money. By so doing I get money to cater for my family and also reinvest the rest into the business. My passion for this work is high as I want to build a brand to compete for international market. In a day I make more sales like seven clothing a day with some costing Ghc250 upwards. This fetches me enough profit to reinvest into my business. With a little push I would be able to train more youth for them to acquire these skills to also make earns meat.
Loan Proposal
Since the president made it compulsory for all government institutions and private to wear traditional clothing on every friday of the week it has really have a good impact on my work and ever since sales has shoot up which has prompted me to make more traditional necklaces forsale. With the loan I am applying forbidding would be able to buy materials to make ten necklaces at a cost of Ghc 800 and sell to raise a profit of Ghc 700 which would really have a good impact on my business. Customers feel satisfied when they get necklaces which match their traditional clothes and would patronize my goods well. I would save some of the profit for expenses and use the rest for reinvestment to help my business grow.
Income Source
As I said earlier the sales of traditional clothing with necklaces is very high on demand and thisvhelos us to raise enough profit per day. I would pay the loan from this money I earn per day.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$157.00
Date disbursed
Apr 24, 2021
Repayment status
Late
Projected term
2 months
Other loans
Lenders
United States
Germany
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