Loan to buy new clothing to stock my boutique for xmas sales
Evans
Odumase, Ghana
33% repaid
Entrepreneur
Name
Evans
Member since
August 2015
On-time repayments
134 installments • 17%
About Me
I grew up in an extended family with three sisters. It was unfortunate for me because my parents were separated and my mom was the sole bread winner of the house. This made life difficult as i started basic school in Roman catholic public school since my mom did was just trading in petty items. Life is full of uncertainties and that God blessed my elder sister with lucrative job and a responsible man for marriage who in turn sent me to a private school to complete basic school. She sponsored my education in the secondary school and lastly graduating from the university. My goal was to at least complete university and she made that dream a reality when my dad neglected his responsibility of catering for us.
I started the clothing business when i was in my final year in the university because i had some free times then. My sister travel overseas and brought home stock lots of clothing of which she sells it wholesaling . I thought about it to start my own business and so started selling it by door to door. I realized that was difficult due to the proximity of the area. I manage to secure some little funds from her to rent a store and now have one but have little clothing in the store because of inadequate funds to invest more into different kinds of clothing for men and women. People loves to buy good and long lasting cloths and its my desire to trade in goods of high quality. My hobby is reading and researching
My Business
I trade in used clothing and brand new type of clothing from Europe. People prefer clothes from UK for important gatherings like party's, wedding, etc . Besides the clothing , I used fans in the premises and television to entertain my customers. I have one worker who is my niece and pays at the end of every month.
i have in mind to add shoes of different brand and types to make my boutique and one stop store . I choose this kind of business because of the fashion nature of the ladies and gents in this modern times. I sell one clothes depending on the brand . lowest cost is about $10 for one. I am able to raised much in festive season like Xmas , Easter and holidays.
I will use the profit to reinvest in the business and some for personal remittances .
Clothing business in my place is now lucrative not like before. I look forward to someone with kind heartedness to expand my clothing business.
Loan Proposal
Christmas is just at the corner and in times like this people buy a lot. I will buy new clothing for my boutique so that my customers may get the kind of dress they want. This will increase my profit and help me expand my business.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$189.00
Date disbursed
Dec 18, 2015
Repayment status
Late
Projected term
29 months
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