Financial Loan to Expand Clothing Sales Business

Solomon Nkrumah

Atonsu, Kumasi, Ghana

100% repaid

Entrepreneur

Name

Solomon Nkrumah

Member since

June 2015

On-time repayments

79 installments  •  63%

About Me

My name is Nkrumah Solomon. I am a 24 year old Ghanaian gentleman. I am a senior in high school seeking to continue my education. I am the second from a family of five. While in school and before going to the senior high, I assisted a friend who sold second hand clothes as a business.

The quality and the beautiful nature of the products got me really interested and as such I started selling clothes to some friends of mine. Currently I work as a shop attendant to cater for some basic needs in life.

My target is to be able to purchase clothes in larger quantities for sale to maximize my profits. I am very entrepreneurial minded and I make the most out of every opportunity that presents itself. Your loan will provide me the opportunity to improve myself and my business.

My Business

I am a shop attendant who is also in the sale of second hand clothes or what one would call ‘slightly used clothes’. I have a lot of styles and design which people love to see and buy every day and this is generating a good profit for me and as such I want to expand my business and expand to other parts of the market and beyond and to also serve as an avenue to employ others who have no work to do. I currently do not have a shop to solely display these clothes but keep the goods at home and delivers them when contacted by someone for supplies and also during market days I take them to the market to sell which is every Wednesday. I however have a huge customer base who are always ready to buy from me. I would be glad to get this loan to be able to get access other available markets and also spread my tentacles across board in order to be able to fight the unemployment situation around here and also be able to make good profit so as to be able to pay back. I promise to execute and respect the rules and regulation of this noble institution.
Thank you.

Loan Proposal

I wish to apply for this loan to get more second hand clothes for sale. The previous loan went a long way in helping me pay my fees and some arrears. The second hand clothes as I earlier indicated is a very lucrative venture as almost as people in my locality resort to that when buying clothes. The loan of 800 GHS can help me pick about 200 pieces of the clothes and the expected income is about 1500 GHS. I promise to abide by all rules and regulations governing this firm as I did in my previous loan. Thank you

Show original English  

About Me

My name is Nkrumah Solomon. I am a 24 year old Ghanaian gentleman. I am a senior high school leaver who seeking to continue my education. I am the second from a family of five. While in school and before going to the senior high, I assisted a friend who was into the sale of second hand clothes. The quality and the beautiful nature of the products got me really interested and as such I started picking from her and selling to some friends of mine and gradually began to take it serious. Currently I work as shop attendandant in order to cater for some basic needs in life. For now however, my target is to be able to take these clothes in larger quantities to be able to maximize profits. I am very entrepreneurial minded and I make the most out of every opportunity that present itself and as such this next step of expansion is a great step for me.

My Business

I am a shop attendant who is also in the sale of second hand clothes or what one would call ‘slightly used clothes’. I have a lot of styles and design which people love to see and buy every day and this is generating a good profit for me and as such I want to expand my business and expand to other parts of the market and beyond and to also serve as an avenue to employ others who have no work to do. I currently do not have a shop to solely display these clothes but keep the goods at home and delivers them when contacted by someone for supplies and also during market days I take them to the market to sell which is every Wednesday. I however have a huge customer base who are always ready to buy from me. I would be glad to get this loan to be able to get access other available markets and also spread my tentacles across board in order to be able to fight the unemployment situation around here and also be able to make good profit so as to be able to pay back. I promise to execute and respect the rules and regulation of this noble institution.
Thank you.

Loan Proposal

I wish to apply for this loan to get more second hand clothes for sale. The previous loan went a long way in helping me pay my fees and some arrears. The second hand clothes as I earlier indicated is a very lucrative venture as almost as people in my locality resort to that when buying clothes. The loan of 800 GHS can help me pick about 200 pieces of the clothes and the expected income is about 1500 GHS. I promise to abide by all rules and regulations governing this firm as I did in my previous loan. Thank you

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$222.16

Date disbursed

Jul 27, 2016

Repayment status

On Time

Projected term

4 months

Cost to entrepreneur

Service fee: $5.44

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