Loan to buy a better sewing machine

Entrepreneur

About Me

I started school at Ankaful village. I am the elderly child my parent and a graduate of Junior high school at Ankaful M/A J.H.S.Through my diligent lies I gained an admission into St.Charles secondary school where i studied fashion designing.After completing in the year 2013, life was very tough so I was not able to proceed to the tertial level to continue my education due to financial problems.So i decide instead of sitting idle i joined a friend who is into fashion design.I improved my fashion skills and from there I thought it wise start my own fashion center with name "Horoes fashion center". I started this business with the help of my uncle who bought me a brand new sewing maching and $300 to rent a place to be precide a shop to my business.
Where I reside is a peaceful area and is closed to a Ankaful Nurses Training school and the Ankaful psychatric hospital.
I've always dream of becoming a hero in fashion through tha i will building a bright future for my children in the near future. I want them to be a nurse and businessman.
I like football and table tennis and watching wrestling.

My Business

I sew, repair and design clothes.I also sell materials like thread,needles,zips and linen for sewing of clothing.
Nowadays people are patronising the locally made clothes.Also fashion is growing well in Africa in general and Ghana in particular.
I choose this business because of the love and zeal I have towards sewing of clothing and also my dream of becoming a great fashion designer like Zara,D&G,Gucci among others.Aside this, it is very lucritive because the nurses students around always bring theirs uniform for either sewing or repairing them.People far and near bring their clothes for sewing.
My typical cost was $200 and I want my income to be increase from $50-300 monthly.
I will use my loan together with the $150 i have saved to expand my shop which will cause $450.I have been able to buy my knitting machine with the help of zidisha.With this knitting machine i have worked without thinking of going to the next town to make neating on my clothing. Aside the $20 i gain from sewing everyday, i make extra money with the knitting machine since other semstress and tailors come and make knitting on their clothing .With this amoun i know i can repay my loan within the given time.And possibly adjust my repayment. Every businessman dream of making profit when doing business.So the profit i will make from my business will saved.Part(50% of the savings will be invested into my business in pocurement of extra machines.Whiles the other part for will be for the betterment future of my children when they arrive.Though they are not yet in,we must plan for the future.

Loan Proposal

I will purchase a sewing machine with my loan. This will enable me grow my fashion business. The price of the sewing machine will cost $300. i will buy this newly machine with my loan in addition to my savings. I have been expanding my project annually due to determination,hard work and thesupport you have providing to me . I thank my lenders for this great opportunity given to me expand my business.

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