Loan to complete my shop for kente clothe selling

Augustine Otoo

Dodowa, Ghana

20% repaid

Entrepreneur

Name

Augustine Otoo

Member since

February 2015

On-time repayments

17 installments  •  12%

About Me

AUGUSTINE OTOO IS MY NAME, THE SECOND CHILD OF MY PARENT AND LIVE AT DODOWA IN THE GREATER ACCRA REGION OF GHANA, I STRAGGLE TO COMPLETE MY SENIOR HIGH SCHOOL EDUCATION AND I AM STILL IN THE HOUSE BECAUSE THEIR IS NO MONEY TO CONTINUE MY EDUCATION. WHEN AT BASIC I HAVE TO FARM FOR PEOPLE ON WEEKENDS TO GET MY FEEDING FEES AND MY PARENT ALWAYS TRY TO GET MY SCHOOL FEES . WHEN AT SENIOR HIGH SCHOOL IT WAS LIKE A HELL BUT WITH GOD ALL THINGS ARE POSSIBLE TO THEM THAT BELIEVED, I PUT MY TRUST IN GOD ALWAYS AND I KNOW ONE DAY I WILL SMILE . IF ONLY I CONTINUE TOBE FAITHFUL TO HIM.

My Business

AFTER SENIOR HIGH SCHOOL I BEGAN SELLING SECOND HAND CLOTHES( USED CLOTHES) AT DODOWA MAIN MARKETS, AFTER THAT I STARTED SELLING KENTE CLOTHES IN ADDING AND FOR SOME TIMES NOW SELLING OF KENTE CLOTHES IS GIVING ME MACH PROFIT. KENTE IS FORMALLY WEAR BY ONLY ADULT( TRADITIONAL LEADERS OR CHIEFS AND THEIR ELDERS) ON SPECIAL EVENT BUT WE ALL WEAR IT NOW A DAYS. THE SHITS ON MY PROFILE PICTURE IS MADE OF KENTE AND THAT IS THE TYPE WE THE YOUNG ONES WEAR TO CHURCH AND OTHERS PLACES EVEN TO OFFICE. IT IS VERY EXPENSIVE AND SO WE SELLERS ALWAYS GET OUR PROFIT. SINCE I DO NOT HAVE A SHOP NOW I DO THE SELLING AT THE MARKET ON THE MARKETS DAYS AND I GO ROUND FROM OFFICE TO OFFICE AND HOUSE TO HOUSE BOTH IN DODOWA AND OTHER TOWNS IN ORDINARY DAYS AND RETURNS TO THE MARKET ON MARKET DAYS.

Loan Proposal

I SERIOUSLY NEED THIS LOAN TO COMPLETE MY SHOP WHICH IS NEAR TO THE DODOWA MAIN MARKET. I HAVE RENT A LAND NEAR THE MARKET AND I BEGAN THE SHOP WHICH IS A WOODEN STRUCTURE BUT THE MONEY TO COMPLETE IS BECOMING THE PROBLEM. MY PLAN IS TO GET THE SHOP WHERE I CAN EMPLOY SOMEONE AS A SALE BOY OR GAIL TO HELP ME AND I WILL PAY HER, BECAUSE ANYTIME I GO ROUND PEOPLE DO ASK OF MY SHOP BUT NO WHERE TO DIRECT THEM. THE SHOP WILL ALSO LET PEOPLE KNOW THAT THEY ARE SELLING SOMETHING THERE AND ANYTIME THEY ARE READY WITH THE MONEY THEY WILL COME AND BUY. I NEED ROOFING SHEET WHICH IS 80$ AND CEMENT 20$. I WILL SURELY PAY BACK ON TIME. THANKS

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$111.67

Date disbursed

Feb 24, 2015

Repayment status

Late

Projected term

3 months

Cost to entrepreneur

Lender interest: $111.67 at 0.65% annual rate over 3 months = $0.25

Service fee: $0.76

Lenders

P

Philippe

Adliswil, Switzerland

Zal0m0n

Atlantis!!!! x), Mauritania

H

haavi

Espoo, Finland

HernanB

Berlin, Germany

M

More-Like-Them

orange, United States

R

rosebo

Bend, United States

Parkmobile

Fort Bragg, United States

G

Gdrvasc

Frederick, United States

B

Branjsmith

Philadelphia, United States

C

ClaraV

Gothenburg, Sweden

H

happytrailsjpd

South Bend, United States

M

markus61

cologne, Germany

T

Thornbread

Yakima, United States

I

ingredion00

Indianapolis, United States

S

Sunflower

116 Taylor Drive, United States

M

mibrahim51

Mountain View, United States

A

adelias

plymouth, United States

E

emilyeaton

New York, United States

G

Graceanne

milwaukee, United States

A

andykhl

Jersey City, United States

kevinzeigler

New York, United States

K

ksiebrandt

Omaha, United States

J

JudoGlenn

North Olmsted, United States

A

Armeij

Veendam, Netherlands

D

dmartink

Maryland, United States

G

GreenMoney

Lahr, Germany

T

Topper

Simi Valley, United States

F

frazier

rock springs, United States

A

Alizar

Toms River, United States

S

SanderBeckers

Brussel, Belgium

mepster

San Francisco, Ca, United States

JG

Jake Gibson and Beverly Picardo

San Francisco, United States

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