Loan to buy new shoes for sale

Dominic

Tanoso Kumasi, Ghana

3% repaid

Entrepreneur

Name

Dominic

Member since

September 2016

On-time repayments

34 installments  •  65%

About Me

I was born on 6th November,1989 and my name is Dominic Owusu. I begun my childhood education at Church of Christ junior high school and started my senior high school at Kumasi Academy but didn't go to tertiary. So I was helping my senior brother to sell boys and girls shoes with the help he also supported me to open my own shop to operate with myself.

My Business

Well, my business I purely sales of clothing products.
I sell clothes for Men and Women as well as children. These goods are always on high demand since i deal with sale of basic needs besides being the fashioned type that makes them even more on demand.
I decided to choose this business because I am experienced in it and I loved the business as it gives me my daily bread and pays for my bills.
My typical costs are the cost of buying different fashioned clothes for men, women and children. Also i incur cost of rent, electricity and transport.
My profit usually goes towards reinvesting and meeting the above cost of running my business. I also help my parents back home and the needy through our church.
Thank you.

Loan Proposal

I will use this loan to purchase new shoes for sale which is $230, is then going to help me to put more effort to get more capital to increase the demand of my goods.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$276.00

Date disbursed

Dec 5, 2016

Repayment status

Late

Projected term

60 months

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