Loan to buy more textiles to extend my business

Rita

Accra, Ghana

4% repaid

Entrepreneur

Name

Rita

Member since

June 2016

On-time repayments

34 installments  •  29%

About Me

My name is Rita Baah. I am 23 years old.I come from a town named Akrofufu in the Eastern Region but I was born in Accra.I reside and grew up at Awoshie with my mother.I am the only child.I had my basic education at Achimota Preparatory School, secondary education at Benkum Senior High School and went to the University of Ghana for my tertiary education.I was raised by a single mother who was into the business of selling textiles but she is no longer in business as an unfortunate fire outbreak caused her to lose her shop.Due to this incident, I had to start moving to people's shops to help them pack up their goods.I was then sent to my Auntie for her to help me further my education.It was a living hell but I had no choice.

My Business

While in school,I was still helping people pack up their goods into their shops. Through this work I was able to earn a little money to fend for myself in order to alleviate pressure on my mother.I managed to establish a solid relationship between me and some of the workers who introduced me to some textile suppliers.I spoke to them about my intension on selling textiles but I don't have enough money to purchase them.

Loan Proposal

If I am given this loan,I would purchase some traditional textiles start selling them and eventually expand to selling clothes for both men and women.The profit I would make out of this business would help me support my mother and also save up to further my education.

Feedback

None

None

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Loan Info

Project Type

Classic Loan

Disbursed amount

$60.00

Date disbursed

Oct 11, 2016

Repayment status

Late

Projected term

5 months

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Craig Newmark

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Anonymous

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Anonymous

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Paul Buchheit

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Jake Gibson and Beverly Picardo

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  • Salihu    Apr 22, 2017

    Once again I got in touch with Rita and she promise to start making payment from nest week.

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  • Salihu    Mar 6, 2017

    I have been able to get in touch with Rita and she promised to start making payment this week end.
    Thank you.

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  • Rita    Oct 11, 2016

    Thank you all so much once again.I have received the money.
    I pray to God and ask for upliftment in all your endeavours.

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  • Rita    Oct 8, 2016

    Thank you all so much for your generosity.Really appreciate. Now I can purchase different textiles to add to what I already have.

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  • Rita    Oct 6, 2016

    With the help of the first loan, I was able to purchase a few textiles and God being so good I have been able to alleviate a little bit of pressure on my mother.
    I am hoping to purchase more textiles with the second loan that will be granted to me and as my business grows, I'll extend a helping hand to people who need help.

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  • Rita    Sep 20, 2016

    With God being so good,I have been able to sell all the textiles successfully.I have managed to save up some small change I have been getting from some of my customers to help me increase my payment.

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  • Rita    Jul 19, 2016

    It is with great pleasure that I write this message.With this money I would be purchasing a few of the textiles to start up my businsess.This would definitely help me fend for myself and help my mother in anyway that I could.To my kind hearted lenders,I say a huge thank you and may God bless you in ways you wouldn't fathom.

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