Loan to buy stock of shirts and shoes for my shop

Morcher

Dormaa Ahenkro_ghana, Ghana

100% repaid

Entrepreneur

Name

Morcher

Member since

July 2016

On-time repayments

152 installments  •  59%

About Me

I come from Enchi in the Western part of Ghana, . I was a young boy who was brilliant and was interested in studying. Roman Catholic School was the first school that I attended. I proceeded to Secondly School,passed and futhered my education to the Teacher Training college. Actually I was interested in Teaching and I loved the job of teaching, I went for further studies at the University of Education, Winneba where I graduated as professional teacher. I am a mathematics tutor at Dormaa Ahenkro Senior High School. I studied mathematics and now I am married to one African Queen Called Angela ASARE. We have three children and because the salary is insufficient, I looked for loan and opened up a boutique that I sell various goods to help the family.

My Business

Dormaa Ahenkro is where I was stationed to teach after my University Educcation. People travel as far as to Berekum to buy quality shirts and shoes, so I decided to go into this business business venture.Every Tuesday of the week is a market day in Dormaa Ahenkro. Farmers and other places near dormaa Ahenkro. They buy shoes,shirts singlets,panties,ladies underwear, boxer shorts and many others I started with a business capital of Ghc5000 from one of the local micro- finances.I(Teacher' Credit Union) I pay school fees with part of the profit I make.

Loan Proposal

Visit my shop to find yourself these items: Shirts, shoes,ladies underwear,singlets,belts,grand,boxer shorts and many other beautiful items. I want to buy men' shirts(Three dozens)$23, ladies underwear, fifty packs $17, five packets of men's singlets $18, six packs of boxer shorts$19. I will be grateful to have these items to sell to get profit and to add more goods to fill my shop.

Show original English  

About Me

I come from Enchi in the Western part of Ghana, . I was a young boy who was brilliant and was interested in studying. Roman Catholic School was the first school that I attended. I proceeded to Secondly School,passed and futhered my education to the Teacher Training college. Actually I was interested in Teaching and I loved the job of teaching, I went for further studies at the University of Education, Winneba where I graduated as professional teacher. I am a mathematics tutor at Dormaa Ahenkro Senior High School. I studied mathematics and now I am married to one African Queen Called Angela ASARE. We have three children and because the salary is insufficient, I looked for loan and opened up a boutique that I sell various goods like,shirts,shoes,sandals,ladies and men's underwear boxer shorts etc to help keep the family and also grow my business with the profits I earn from the shop.

My Business

Dormaa Ahenkro is where I was stationed to teach after my University Educcation. People travel as far as to Berekum to buy quality shirts,lady's underwear, singlets, socks,boxer shorts and shoes etc. I decided to take advantage of the situation by entering into such a venture. Tuesday of every week is a market day in Dormaa Ahenkro. Farmers in many places near dormaa Ahenkro come to buy various items of which the above mentioned items takes a major part of their purchase. They buy shoes,shirts singlets,panties,ladies underwear, boxer shorts and many others. I started with a business capital of Ghc5000 from one of the local micro- finances. (Teacher' Credit Union)Dormaa Area. I worked tirelessly to pay back their loan and now I owe my own business. My life has depended on this business to buy food,pay school fees and clothe my Children with the profits generated whilst part of my profit remains in the shop in a form of reinvesting.

Loan Proposal

Visit my shop to find yourself these items: Shirts, shoes,ladies underwear,singlets,belts,grand,boxer shorts and many other beautiful items. I want to buy men' shirts(Three dozens)$23, ladies underwear, fifty packs $17, five packets of men's singlets $18, six packs of boxer shorts$19. I will be grateful to have these items to sell to get profit and to add more goods to fill my shop.

Feedback

1

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  • Liz Dovey    Jan 30, 2018

    Very best wishes with your enterprise. It is sad that teachers salaries are not enough to live on, so you can't spend the time concentrating on your students rather than your business. I hope it all goes very well for you, your family and your students.

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Loan Info

Project Type

Classic Loan

Disbursed amount

$434.00

Date disbursed

Jun 30, 2017

Repayment status

On Time

Projected term

21 months

Lenders

Paul Buchheit

Mountain View, United States

PG

Paul Graham

United States

The Zinc Team

San Francisco, United States

Humble Bundle Community

San Francisco, United States

Paul Buchheit

Mountain View, United States

A

Anonymous

United States

CN

Craig Newmark

United States

JG

Jake Gibson and Beverly Picardo

San Francisco, United States

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  • Morcher    Oct 28, 2018

    I have encountered a very serious problem with my business. There was a fire outbreak at my shop and all effort made to put it off was just a waste.
    All the items in my shop got burnt down to ashes as I stood watching.
    My business is now collapsed. I'm therefore looking up to my banks if they would assist me financially to continue.

    I am very sorry therefore for the delay in repaying my loan. I was just confused and did not know what to.
    Now that the pressure is down, I would want to repay my loan with this small amount for sometime and when I am able to start business, I will increase my repayments.

    Thank you.

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  • Morcher    Jun 9, 2018

    Business has been slow these days for me. I hope to increase my repayments when things get better.

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  • Morcher    May 4, 2018

    Market conditions are very bad

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  • Morcher    Apr 13, 2018

    Business activities is gradually improving.

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  • Morcher    Apr 10, 2018

    Market has been slow this week.

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  • Morcher    Apr 6, 2018

    Sales this week has been encouraging.

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  • Morcher    Mar 31, 2018

    Because of the Easter festivities I have not been active selling.

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  • Morcher    Mar 27, 2018

    I thank you very much lenders that sales this week is very interesting and I'm optimistic to complete my loan next week. I thank all my lenders for this greatest opportunity growing my business.

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  • Morcher    Mar 22, 2018

    Lenders my greatest thanks to you all for how far you have developed my business.

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  • Morcher    Mar 7, 2018

    Sales this week is not encouraging

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  • Morcher    Feb 22, 2018

    Trading went down this week.

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  • Morcher    Feb 15, 2018

    Business is cool this very week. Buying and selling is improved.

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  • Morcher    Feb 10, 2018

    This week' sales are not encouraging.

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  • Morcher    Feb 9, 2018

    After the Xmas festivities, business actually went down small with regard to buying shirts, shoes,ladies under wears and many more. We close to the Easter season and I am experiencing a change in business activities. I wish to inform lenders that consistently I have my business keeps on growing ever since I joined Zidisha. My family is enjoying good meals and they are all healthy. I thank you all and will forced remain faithfully to my lenders.

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  • Morcher    Jan 23, 2018

    I have received your loan of GHS3,533. I have bought so many items such as Shoes,Shirts, ladies under wears, singlets, socks,belt,men's quality shirts and so. I'm very proud of you lenders because you have actually directed my business. I m growing gradually in business because of your series of loan funded to me. I wish to thank you all and may the Almighty God bless you.

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  • Morcher    Jan 11, 2018

    I have received GHS3,357. I will buy shirts, shoes,belts singlets, children's wear and more. I m optimistic that this loan will continue to improve my business as done previously with the items that I have budgeted to buy and its estimated profits. Thanks to my lenders for this assistance.

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  • Morcher    Jan 11, 2018

    I received Ghs3,357. I thank all my numerous lenders for this assistance.

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  • Morcher    Jan 1, 2018

    I wish to thank my numerous lenders for this opportunity. I will buy shirts, shoes, sandals,singlets,belts and many others. With this my purchase and upon entering the new year is going to fetch me more profits

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  • Morcher    Dec 24, 2017

    Many thanks to my lenders because of how far they are gradually expanding my business. My boutique is actually making progress with time. I have more shirts,shoes, singlets,belts,ladies under wears,boxer shorts and many others I now sell in bulk to retailers. Thank God and the Zidisha team for assisting my business in this direction.

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  • Morcher    Dec 20, 2017

    My greetings to all my lenders,hope you are doing well as I am. I want to inform you that the loan amount you funded for me has really added value to my sales of items in my shop. At any point in time,I have lots to sell. I have captured so many customers such that these days my goods especially the men's wear are bought in bulk to be retailed in the nearby villages and towns. Few come to my shop to purchase single items especially the shoes. I'm by this want to thank you very much for making my business grow and it is changing my family's life. I have enough food for my kids,School fees is not a problem and life is better than before all because of Zidisha loans. I wish to also thank the Zidisha team for their hard work and dedication to ensuring that my loan is paid to me on time.

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