Loan to buy second hand clothes

Amos Oduro

Goaso, Ghana

100% repaid

Entrepreneur

Name

Amos Oduro

Member since

May 2016

On-time repayments

73 installments  •  66%

About Me

My name Amos Oduro from Sabronum as a young man, I know that remaining idle is a vice so right at an early age when i realized that i could not make it through school, i took to trading very fast. The struggle to start this small second hand clothes business was so tough but i gradually overcame it. As i write i work throughout the whole week selling second hand clothes at lower prices in my community. i am hard working, focused and determined to own a large boutique in the near future and i believe that i have come to the right place on this platform.

My Business

I sell second hand clothes in my community and beyond since i travel to nearby towns and villages on market days to go and do business there too. When i started this business, the capital to start was not huge as compared to starting today so at that time i used the little cash i had to start. it is very lucrative, i have been in it for more than one year even though you need experience to work in this business i have made a lot of progress ever since i began.
All my profits are divided into three, savings, i live on part.

Loan Proposal

The loan will help me to go for goods from Kumasi where i will be able to purchase four large bales of second hand clothes imported into the country. Each bale now cost 55 dollars.
This aid will help me start working towards my boutique dream since access to capital is possible on this platform and i will have to keep my schedules of payments so as to be helped the more to my community, they will have access to variety of clothes at reduced and affordable prices.
When i receive this help, my profit margin will increase greatly and am already happy about the future.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$200.14

Date disbursed

May 27, 2016

Repayment status

On Time

Projected term

5 months

Cost to entrepreneur

Service fee: $4.94

Amos opted to pay $35.07 into the Zidisha Members Loan Fund in return for a higher starting credit limit.

Other loans

Lenders

Craig Newmark

United States

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