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.

Feedback

None

None

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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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Summary

Amount repaid

$61.25

Amount remaining

$123.00

Expected completion

Jun 3, 2018

Status

Repaying late

Installment amount

$1.25

Repayment History

Expected Payments Actual Payments
Dec 27, 2015 $12.50 Dec 27, 2015 $12.50
Jan 3, 2016 $12.50 Jan 3, 2016 $12.50
Jan 10, 2016 $2.50 Jan 10, 2016 $2.50
Jan 17, 2016 $2.50 Jan 19, 2016 $2.50
Jan 24, 2016 $2.50 Jan 24, 2016 $2.50
Jan 31, 2016 $2.50 Feb 1, 2016 $2.50
Feb 7, 2016 $2.50 Feb 8, 2016 $2.50
Feb 14, 2016 $2.50 Feb 18, 2016 $2.50
Feb 21, 2016 $2.50 Feb 22, 2016 $2.50
Feb 28, 2016 $2.50 Feb 29, 2016 $2.50
Mar 6, 2016 $2.50 Mar 22, 2016 $2.50
Mar 13, 2016 $2.50 Mar 22, 2016 $2.50
Mar 20, 2016 $2.50 Mar 22, 2016 $2.50
Mar 27, 2016 $2.50 Apr 4, 2016 $2.50
Apr 3, 2016 $2.50 Apr 4, 2016 $2.50
Apr 10, 2016 $2.50 Apr 9, 2016 $2.50
Apr 17, 2016 $0.00
Apr 24, 2016 $0.00
May 1, 2016 $0.00
May 8, 2016 $0.00
May 15, 2016 $0.00
May 22, 2016 $0.00
May 29, 2016 $0.00
Jun 5, 2016 $0.00
Jun 12, 2016 $0.00
Jun 19, 2016 $0.00
Jun 26, 2016 $0.00
Jul 3, 2016 $0.00
Jul 10, 2016 $1.25 Jul 10, 2016 $1.25
Jul 17, 2016 $1.25
Jul 24, 2016 $1.25
Jul 31, 2016 $1.25
Aug 7, 2016 $1.25
Aug 14, 2016 $1.25
Aug 21, 2016 $1.25
Aug 28, 2016 $1.25
Sep 4, 2016 $1.25
Sep 11, 2016 $1.25
Sep 18, 2016 $1.25
Sep 25, 2016 $1.25
Oct 2, 2016 $1.25
Oct 9, 2016 $1.25
Oct 16, 2016 $1.25
Oct 23, 2016 $1.25
Oct 30, 2016 $1.25
Nov 6, 2016 $1.25
Nov 13, 2016 $1.25
Nov 20, 2016 $1.25
Nov 27, 2016 $1.25
Dec 4, 2016 $1.25
Dec 11, 2016 $1.25
Dec 18, 2016 $1.25
Dec 25, 2016 $1.25
Jan 1, 2017 $1.25
Jan 8, 2017 $1.25
Jan 15, 2017 $1.25
Jan 22, 2017 $1.25
Jan 29, 2017 $1.25
Feb 5, 2017 $1.25
Feb 12, 2017 $1.25
Feb 19, 2017 $1.25
Feb 26, 2017 $1.25
Mar 5, 2017 $1.25
Mar 12, 2017 $1.25
Mar 19, 2017 $1.25
Mar 26, 2017 $1.25
Apr 2, 2017 $1.25
Apr 9, 2017 $1.25
Apr 16, 2017 $1.25
Apr 23, 2017 $1.25
Apr 30, 2017 $1.25
May 7, 2017 $1.25
May 14, 2017 $1.25
May 21, 2017 $1.25
May 28, 2017 $1.25
Jun 4, 2017 $1.25
Jun 11, 2017 $1.25
Jun 18, 2017 $1.25
Jun 25, 2017 $1.25
Jul 2, 2017 $1.25
Jul 9, 2017 $1.25
Jul 16, 2017 $1.25
Jul 23, 2017 $1.25
Jul 30, 2017 $1.25
Aug 6, 2017 $1.25
Aug 13, 2017 $1.25
Aug 20, 2017 $1.25
Aug 27, 2017 $1.25
Sep 3, 2017 $1.25
Sep 10, 2017 $1.25
Sep 17, 2017 $1.25
Sep 24, 2017 $1.25
Oct 1, 2017 $1.25
Oct 8, 2017 $1.25
Oct 15, 2017 $1.25
Oct 22, 2017 $1.25
Oct 29, 2017 $1.25
Nov 5, 2017 $1.25
Nov 12, 2017 $1.25
Nov 19, 2017 $1.25
Nov 26, 2017 $1.25
Dec 3, 2017 $1.25
Dec 10, 2017 $1.25
Dec 17, 2017 $1.25
Dec 24, 2017 $1.25
Dec 31, 2017 $1.25
Jan 7, 2018 $1.25
Jan 14, 2018 $1.25
Jan 21, 2018 $1.25
Jan 28, 2018 $1.25
Feb 4, 2018 $1.25
Feb 11, 2018 $1.25
Feb 18, 2018 $1.25
Feb 25, 2018 $1.25
Mar 4, 2018 $1.25
Mar 11, 2018 $1.25
Mar 18, 2018 $1.25
Mar 25, 2018 $1.25
Apr 1, 2018 $1.25
Apr 8, 2018 $1.25
Apr 15, 2018 $1.25
Apr 22, 2018 $1.25
Apr 29, 2018 $1.25
May 6, 2018 $1.25
May 13, 2018 $1.25
May 20, 2018 $1.25
May 27, 2018 $1.25
Jun 3, 2018 $0.50

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