Loan to buy knitting machine for my fashion business
Owusu
Kumasi, Ghana
100% repaid
Entrepreneur
Name
Owusu
Member since
July 2015
On-time repayments
95 installments • 53%
About Me
I am Charles Owusu it was a great experience as a child living with 2 parents my mother was a trader and my father was a fire officer. So I had the feeling of being an entrepreneur and being an employee. At early age it was my dream to start my own business since my father was always not at so I knew there was a a lot freedom being self employed. This inspired me to pick up business as a course of study at Kumasi Anglican Senior High school,After my basic education at unity prepatory school and sweet home Academy in mampong ashanti and Kasoa in the Central region respectively all in Ghana. After graduating at koforidua polytechnic with High National Diploma in Accountancy the scarcity of job motivated me to start a business business venture in order to earn a living and also help solve the unemployment situation in my country. Ghana has diverse cultures with great people and food. The people are largely hospitable they all feel great being a Ghanaian.
My Business
Okrakyi trends is a fashion firm which produces and sell Africa oriented designs and outfits to interested clients. It is a a tailor made outfits which is done to satisfy the clients' utmost specifications. Since most of our marketing is done through the social media we always assured of reaching the fair scope of our target market hence consistent turnover. Our weakly income is around gh¢800. And zidisha has played an active role in this achievement.
Loan Proposal
rising demand of my clients. this helped me manage the increasing demands of my customer in such a way that complaints from them reduced. it also helped me to have a steady cash flow which has me to purchase a new industrial sewing machine. as the business grows there is a need to do there is an increasing need for a knitting machine for which cost about $140 the finishing on my products . this will reduce the stress in send the product for knitting out outside the business which cost me about a dollar on every every product i make. this will enhance flow in production and reduce extreme breaks in the production process . that is what i current need the loan for this . thank you zidisha for make my business grow.
Feedback
Positive
3
Neutral
None
Negative
None
Loan Info
Project Type
Classic Loan
Disbursed amount
$150.00
Date disbursed
Nov 16, 2015
Repayment status
On Time
Projected term
7 weeks
Other loans
Lenders
Fontvielle, Monaco, Yemen
United States
United States
United States
Ask Owusu a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.
nicole Jan 18, 2018
Ed Jun 2, 2017
Loading...