Loan to buy sewing machine

Nyame Stephen

Berekum, Ghana

100% repaid



Nyame Stephen


Berekum, Ghana

On-time repayments

4 weekly installments  •  75%

About Me

my mane is nyame stephen
I was born in a village where there was no school but i force myself to walk some distance to educate myself to an average of secondary school level
I then proceeded to vocational school where i became a tailor where i sew both men and women cloth though it was easy but with my determination i was able to make .
Having realized the need to create income for myself I decided to put a small shop for myself to work and have funds to able to live by it and help other family members who may need help so with my
With the proceeds , I am able to feed myself as well as some members in my family

My Business

with this business i had a dream of working in this business so that i can sew cloth men and women by employing more people into my business so that i will be able to sew more cloth in bulk so that i can become one of the best among all people whom am computing and send some of my products across my country and all over the world
with this my business i will need $1000 so that i can meet the demand of my customers since people are more addicted to local fabrics cloth and i this will generate more income for my business so that i can use part of the income to pay school fess and use part of the income to expand my business

Loan Proposal

I would like to use this loan to buy sewing machine because am doing work and pay in some one shop and since i have own shop i like to get my own sewing machine to work in my own shop .So if this loan is paid to me i will use to buy the machine and start my work and the cost of this $350 . i will use this money to by sewing machine,niddles (in all sizes) threads (all colours ) and botons and other materials






Loan Info

Project Type

Classic Loan

Disbursed amount


Date disbursed

Apr 25, 2019

Repayment status

On Time

Projected term

1 week

Cost to entrepreneur

Service fee: $0.79

Credit risk payment: $5.04



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