Constructing a permanent shop building

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 precious lenders, I thank you all once again for my previous loan. I have been able to put up a container where i can stationed and sell my goods but it is left with the roofing and other finishing touches. I am therefore here again, asking you to again fund my loan for me to complete it and also by more inventory since we are getting very close to Christmas.
I shall repay it back with all honesty and sincerity as I always did. I trust you will find my loan as you always did. Thank you for your ever ready support of making me realize my heartfelt desire

Feedback

3

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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

$1,254.45

Date disbursed

Nov 7, 2016

Repayment status

On Time

Projected term

7 months

Cost to entrepreneur

Service fee: $31.15

Lenders

ElWal

Kirn, Germany

PC

Patrick Clavette

Hartford, Wisconsin, United States

Lou Kaucic

Sanbornton, NH, United States

JT

John Tabacchi

United States

PG

Paul Graham

United States

PR

Paul Rausch

United States

V

Vidar

Oslo, Norway

AR

Aaron Rowe

United Kingdom

E

EABF

Netherlands

Craig Newmark

United States

The Zinc Team

San Francisco, United States

Humble Bundle Community

San Francisco, United States

BE

Bob Ewing

United States

BP

Bill Piper

United States

A

Anonymous

United States

M

Margaret

United States

A

Anonymous

United States

Paul Buchheit

Mountain View, United States

TL

Tao Luo

United States

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