Loan to buy shirts, shoes, boxer shorts etc for my shop.

Morcher Michael

Dormaa Ahenkro_ghana, Ghana

19% repaid

Entrepreneur

Name

Morcher Michael

Location

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.

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

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.

Feedback

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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

$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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TG

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N

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P

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D

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Johnny

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Hope2012

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Tilius

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ErikN

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Vanamo

Helsinki, Finland

J

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W

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I

Interfree

Dubai, United Arab Emirates

N

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J

jjcharlie

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johnandmoliehi

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K

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P

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MindMuse

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N

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M

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C

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D

Darish

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L

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B

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S

SelvaMarcus

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phytoplankton

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T

tmsaddress

Orlando, Florida, United States

Quentin

Toronto, Canada

Z

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Berlin, Germany

Cloudways

Malta, Malta

B

Bernhard75

Vienna, Austria

A

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P

PhilACK

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pentatonicscale

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B

BClay

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M

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P

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U

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A

Aaron

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Cadwah

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R

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Andreas Kiss

Vienna, Austria, Austria

E

eboleaga

Mexico City, Mexico

P

Peksa

Espoo, Finland

T

Tui1974

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IM

Isak Maaseide

Tromso, Norway, Norway

panamaman

Philadelphia, United States

hugomesser

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G

glh25

Winooski, United States

fairspirit

Utrecht, Netherlands

rhagen

New York, United States

nmatpt

Lisboa, Portugal

A

arwaandali

Ottawa, Canada

A

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J

JohnH

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BF

Bob Fitzjohn

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G

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Anto82

Eraclea, Italy

F

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A

alexvanandel

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A

AndrewC

London, United Kingdom

B

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P

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F

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Zurich, Switzerland

JFais

Atlanta, United States

P

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Kungsbacka, Sweden

whiteboyinasia

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JOKer

Weisendorf, Germany

V

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Geneva, Switzerland

JonB

London, United Kingdom

tonnyschonewille

Maastricht, Netherlands

D

DelapierceD

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ibc123

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B

BMcDermott

Washington, DC, United States

E

ejc211

Somerset, United Kingdom

lizandsteve

guelph, Canada

zZola

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C

Clben7

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M

MarkKrakow

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T

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D

dbuksh

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M

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sderickson

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E

EjLehar

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J

Jonas

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Justin

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D

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R

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J

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N

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smastermind

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SP

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O

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P

PeterDG

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V

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D

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K

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K

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M

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K

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S

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N

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M

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M

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M

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S

StefanB

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A

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R

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B

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P

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D

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S

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K

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J

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AP

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KM

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Darcy

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Eduardo

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SL

Samuel Le

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A

Alexander

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Mark

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V

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W

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PT

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Jake Badger

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H

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Andrew

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JC

Jethro Carr

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N

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Kevin

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JC

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ME

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TH

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B

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Martin Nielsen

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JA

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F

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DD

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Kyle Holohan

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Eszti

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Thomas

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Philip Schueler

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V

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Joelle Steiver

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P

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J

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E Mac D

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Steve A

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SS

Steve Smith

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Brisbane, Australia

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B

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Australia

T

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Bill Ballew

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JA

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Sinan Taifour

Munich, Germany, Germany

K

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Benjamin Kniaz

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JS

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MC

Mike Collura

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Katie

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CD

Cathy Droz

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GS

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M

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Alex

Ohio, United States

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Peter

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A

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Elizabeth, United States

Mike

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WC

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BB

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CY

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J

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AS

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F

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SF

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ST

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HB

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MW

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MD

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CC

Chuck Cassel

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Kelsey Lesko

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H

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PL

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AA

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FP

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CS

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PP

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K

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FD

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N

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E

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ET

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DB

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