Loan to expand my clothing & credit business

Charity Asoelaa

Sunyani, Ghana

100% repaid

Entrepreneur

Name

Charity Asoelaa

Member since

January 2015

On-time repayments

359 installments  •  59%

About Me

About Me
I am Charity Asoelaa,26 years old, am married with a child and I live in Sunyani I finished high School With good grades but cold not go to the University because of finance. So I have started a clothing and bags business.
My Passion is in entrepreneurship and because of that, I have started this clothing business , I love doing business and feel so fulfilled when I am in business.
I love soccer and an ardent lover of business documentaries. I equally love reading business Inspirational books and listening to business tapes.In fact, I have come very far from being the struggle in poverty as an orphan , therefore I am not relenting to achieve my desired dream by owning a group of companies.
I believe in the possibility theory. But however one must always uphold the virtues of honesty, sincerity, genuineness and trustworthiness .

My Business

l am into the sale of clothing and bags that is all categories of bags and clothing which are of higher demand.
The goods are useful and of hire demand because they are goods of necessity which human cannot do without. This is because after eating, one must also cloth him or herself without walking naked.
I chose this type of business because it is profitable and are not perishable .
The typical cost of the goods are the purchasing cost ,transportation cost and roaming cost to clients because i do not have a store therefore operates from the house by going to my clients .since that one involve boarding a taxi from area to another. With the current cost I incur for a consignment 400 US Dollars . 350 US Dollars is the cost of buying the goods from the distributors and then 50 US Dollars for transportation to my destination of business and delivery cost to client in their various areas .
The business is so lucrative with only 0.1% risk of some items not bought on time . Some of the goods are bought at a unit price of 10 US Dollars , 8 US Dollars, 7 US Dollars and others 5 US Dollars and 2 US Dollars.
Therefore the revenue stream is as follows; A profit of 4 and 3 US Dollars is added to each of the unit price of the good depending on the type . However The profit gain is reinvested in growing the business.

Loan Proposal

My able lenders, this is the 5th time i am coming before you seeking for another loan.I feel so delighted having you helping me to have my own business running. My business line is lucrative with a very good rate of returns but i can only realize this if only the capital injected into the operation of the business is quite substantial. To do this, I have no help any where but to come back to you my ever reliable lenders for another support to purchase more stock in other to keep my business alive to make profit to take care of my family including our educational needs. This can equally affords me the opportunity to also create a job opportunity to others.
I promise to payback this loan without any default as i always did. I trust my precious lenders will do me a favor to fund this loan for me and I shall also pay it back with all honesty without letting you down.
Thank you so much and God bless you all.

Feedback

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  • Margaret    May 29, 2017

    Charity paid off her loan perfectly and was a pleasure to work with. I would gladly lend to her again and encourage others to do the same.

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Loan Info

Project Type

Classic Loan

Disbursed amount

$844.23

Date disbursed

Jun 18, 2016

Repayment status

On Time

Projected term

5 months

Cost to entrepreneur

Service fee: $20.76

Lenders

johnfay

Lusaka, Zambia, South Africa

N

nani

austin, United States

C

CWS

Huntington beach, ca, United States

G

GalantnostS

Hong Kong, Hong Kong

torelizer

Reggio Emilia, Italy

M

MrMc2

Saugerties, United States

D

drakekids

Greensboro, United States

S

Spassmacher

46244 Bottrop, Germany

G

glosoli

Boston, United States

V

vamPierchen

Luxembourg, Luxembourg

L

lumlum

Renens, Switzerland

EHTHighSchool

Egg Harbor Township, United States

G

golivera

Lima, Peru

Y

Yoggs

Columbus, United States

S

searthsong

Colorado Springs, United States

H

Hynek

Brussels, Belgium

T

tloureiro

Pfungstadt, Germany

J

jjcharlie

chicago, United States

A

anonymus

Moon, United States

Pere

Barcelona, Spain

S

share

Whitby, Canada

sebastienrosa

Quebec, Canada

A

ashtanga99

Newport, United States

Foxjam

St. Paul, United States

E

elkbrett

Bradenton, United States

BJ

Brandon Joz

North Carolina, United States

E

Elisa

Espoo, Finland

Apmay

Melbourne, Australia

C

CrazyCanuck

Nepean, Canada

C

CheesemanDan

Shanghai, China

V

valeriesolanas

Stamford, United States

A

Arthurmb

Cebu city, Philippines

ElWal

Kirn, Germany

gbnbca

Janeville, Canada

M

mattandrike

Arlington, United States

Boysenfam

Boulder, United States

Los Wade

United States

J

Jeb33red

Bourne end, United Kingdom

J

jzidi

Los Angeles, United States

P

pillepalle

Osnabrück, Germany

S

Scordato

Mattituck, United States

E

EnhanceLife

Heber City, United States

E

elhanan

Columbus, United States

I

Ilona

St Catharines, Canada

K

KnutAnders

niedernhausen, Germany

K

kjgeenszins

groningen, Netherlands

A

Atlantia

Brisbane, Australia

zphelj

Dallas, United States

K

katykoo

New York, NY, United States

T

Travelbear

Asheville, United States

LadyPhi

Ontario, Canada

P

PetrusR

balmoral, Australia

P

pignolet

zurich, Switzerland

R

Roxyclark

Heber City, United States

OlyRhys

Olympia, United States

B

BillyJ

McKinney, United States

T

Tui1974

nuenen, Netherlands

V

Valis

Singapore, Singapore

O

ochunshoney

charlotte, United States

1

1711mp

Brooklyn, United States

B

bek88

Fairview, United States

rhagen

New York, United States

I

ianb723

ROCHESTER, United States

T

Taupe

Balzers, Liechtenstein

F

Fintons

Grand Rapids, United States

PulsoJewelry

Los Angeles, United States

Wiredfox

Macclesfield, United Kingdom

A

AskTheFather

Honey Grove, United States

S

smetis

Kananaskis, Canada

S

Sreval

Manly, Australia

T

tlsbreck

United States

whiteboyinasia

Batu Ferringhi, Penang, Malaysia

soniad

Dubai, United Arab Emirates

andreatagliatti

Manchester, United Kingdom

D

DelapierceD

New York, United States

stanbogdanov

Sofia, Bulgaria

Parkmobile

Fort Bragg, United States

S

sgunnink

Utrecht, Netherlands

E

elkocsis

Kirkland, United States

H

happytrailsjpd

South Bend, United States

Jamesaubrey

Norman, United States

PlanetEarth

Somewhere close, United Kingdom

G

GreenMoney

Lahr, Germany

A

Alizar

Toms River, United States

R

RohitSingh

Montreal, Canada

Dutchguy

Nijmegen, Netherlands

OP

Old People

Corona Del Mar, United States

P

payette

Ottawa, Canada

G

guiambros

United States

J

jmwinga

Denver, United States

O

osubucks45

United States

Aaron85

Knoxville, United States

J

JacobvdW

Netherlands

camden01

Connecticut, United States

S

stevemorin

United States

Paul Buchheit

Mountain View, United States

F

FSO

Canada

J

jenda

Czech Republic

M

merk85

United States

P

paulk

United States

CMK71

San Francisco, United States

L

leftyoctober

Minneapolis, United States

larry

Sweden

C

charleen

United States

smastermind

Jerusalem, Israel

A

Amengan

Netherlands

T

tehmle

United States

T

Tim47

United States

H

Heath

United States

Adrien Norulak

Zurich, Germany

kiwiyan

Wellington, New Zealand

M

me.iulian

Iasi, Romania

B

beegkitty

United States

E

egines

United States

SuperMario28

Cudahy, United States

B

bwmoore

United States

T

Tony1

Australia

dust

Seattle, United States

Enit

Luleå, Sweden, Sweden

Ben Triola

St. Louis, United States

A

AmyLuYenYin

Brisbane, Australia

R

Robert

Berlin, Germany

HS

Hayley Summers

United Kingdom

MZ

Matt Zirwas

United States

Cassian Opara

London / Dubai, United Arab Emirates

M

Morange

Republic of Korea

SMOICE

Berlin, Germany

Jake Badger

Roskilde, Denmark

KW

Kevin Wehber

United States

W

Wes

United States

B

Britt

Venice, FL, United States

D

dabatate

Saarbrücken, Saarland, Germany

JC

Jethro Carr

Wellington, New Zealand

Humble Bundle Community

San Francisco, United States

Ask Charity a question about this loan project, share news and photos of your own, or send a simple note of thanks or inspiration.

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