Loan to buy ladies wear for resale

Regina Adu

Sunynia, Ghana

100% repaid

Entrepreneur

Name

Regina Adu

Location

Sunynia, Ghana

On-time repayments

3 weekly installments  •  67%

About Me

My name is Regina Adu from the greater accra region of ghana. I am married with two kids and they all want to become doctors in future, I couldn't achieve my dream of becoming a nurse because of the lack of financial support on the side of my parents. After I got married my husband gave me money as capital to start my own business which has helped me a lot.

My Business

I sell ladies wear at the kantamanto market in Accra central. I chose this business because fashion has become the order of the day now and kantamanto is a big market so there are so many people who come there to buy things day in day out. my cost of sales is GHS 5200 and my revenue is GHS 8350.

Loan Proposal

I will buy ladies jeans, straight dress, ladies foot with the loan for resale. this will help grow my business to help increase my profit to help my family and also get whatever my customers want.

Income Source

I am at the central market of the nation and so many people come to buy things day in out day out hence very difficult to run at a loss but in case of any risk I will repay with profit from other business.

Feedback

None

None

None

Lenders

Babbitt Family Foundation

Sioux Falls, SD,  United States

PG

Paul Graham

United States

Loan Info

Disbursed amount

$22.22

Date disbursed

Apr 16, 2021

Repayment status

On Time

Projected term

1 week

Cost to entrepreneur

Service fee: 5% of $22.22 = $1.06

Credit risk payment: $2.83

Optional expediting fee: $3.18

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