Loan to complete my shop for kente clothe selling
Augustine
Dodowa, Ghana
20% repaid
Entrepreneur
Name
Augustine
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
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Loan Info
Project Type
Classic Loan
Disbursed amount
$100.00
Date disbursed
Feb 24, 2015
Repayment status
Late
Projected term
3 months
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