Loan to buy shirts, shoes, boxer shorts etc for my shop.
Morcher Michael
Dormaa Ahenkro_ghana, Ghana
19% repaid
Entrepreneur
Name
Morcher Michael
Location
Dormaa Ahenkro_ghana, Ghana
On-time repayments
147 weekly installments • 58%
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
I will want to by the following if my proposal would touch the heart of lenders to fund for me.
1. 40 of men's shirts $24.3
2, 45 of men's shoes $27.5
3. 25 of ladies underwear $19.3
4. 22. Men's boxer shorts $15.7
5. 30 travelling bags $41.2
6. 50 of the men's underwear $28.4
It is my wish that I distribute them to my retailers and leave some at the store to be sold. Profit would be obtain out of this for me to expand my business. I wish all my lenders MERRY CHRISTMAS and prosperous new year as we enter 2018.
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
I will want to by the following if my proposal would touch the heart of lenders to fund for me.
1. 40 of men's shirts $24.3
2, 45 of men's shoes $27.5
3. 25 of ladies underwear $19.3
4. 22. Men's boxer shorts $15.7
5. 30 travelling bags $41.2
6. 50 of the men's underwear $28.4
It is my wish that I distribute them to my retailers and leave some at the store to be sold. Profit would be obtain out of this for me to expand my business. I wish all my lenders MERRY CHRISTMAS and prosperous new year as we enter 2018.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$791.90
Date disbursed
Jan 11, 2018
Repayment status
Late
Projected term
21 months
Cost to entrepreneur
Service fee:
5% of
$791.90
= $29.30
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Ask Morcher a question about this loan project, share news and photos of your own, or send a simple note of thanks or inspiration.
Liz Dovey Jan 30, 2018
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