Loan to expand my clothing business

Rebecca

Berekum Kato, Ghana

100% repaid

Entrepreneur

Name

Rebecca

Member since

July 2015

On-time repayments

177 installments  •  50%

About Me

My name is Rebecca Affum and am 32 years old. I started schooling in Dunkwa-on-offin, Zoin no. 2 Primary school. I was brought to the Capital city of Ghana to further my education but things didn't move on well as expected. My parents relocated from Dunkwa-on-offin which is in the central Region of Ghana which basically in theCentral Region . I finished my Junior high school there in which l was left alone to face the world.
I thought of going into the sale of used dresses . I earn a lot .which really help cover much of my expenses. I usually take the dress to friends who are into sowing to help me the fress in good shape and size .From observations l noticed l was using alot of funds.I decicided to develop instrest ,so l started small atyached to a friend when l need assistance withoout any formal training.

Currently I am a single mother with one child who is schooling now. I love her so much.

My Business

Well as I said earlier on I have the passion for dressmaking. My mother has a sowing machine so that's what I started using I'm my business. I was making some new dresses from the second hand clothing. I realise I can make it a big time business if I have a formal training. My child's father supported in my schooling as a professional dressmaker. After schooling I started make dresses and I was making money but it got to a point where I want to expand my business, things became difficult. I use to sell my products outside the country normally to the United States. This became worse when my husband divorced me. I have been able to build up a working capital for about $2000, I have a large demand but the raw materials to deliver is my challenge. Thank you

Loan Proposal

Thank you my lovely lenders for your support and timely help. Now I have being able to expand my sales across the country and beyond. Things sent to the state has being easy for me now because of your support . I still need a loan for about $10000.00, for the expansion of my business. There are more demand of my clothes in The United States but the financing is a challenge. Will use about 80% of the loan to buy more raw materials for my production and the remaining 20% to clare my outstanding utility bills at my work place. If am able to raise this loan I will be able to increase my profit to about 80% and also take good care of my daughter for her to have a better and quality education. My costumer based has increased now so I have employed one person to help me carry out the work at my shop. I have been able to register my company now. Thank you lenders in advance

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$565.00

Date disbursed

Oct 22, 2016

Repayment status

On Time

Projected term

9 months

Lenders

Paul Buchheit

Mountain View, United States

Craig Newmark

United States

The Zinc Team

San Francisco, United States

Humble Bundle Community

San Francisco, United States

HCPSPIRIT

Helsinki, Finland

A

Anonymous

United States

A

Anonymous

United States

PZ

Phillip Zink

United States

Paul Buchheit

Mountain View, United States

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  • Rebecca    Mar 31, 2018

    Business has not been helpful these days but promise to pay all arrears very soon. Thanks for your understanding.

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  • Rebecca    Oct 21, 2017

    I'll use this money to buy more second hand clothes and materials for sewing.
    Thank you very much for the help and i promise not to let you down.

    Thanks very much

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  • Ebenezer    Oct 11, 2017

    Please I learnt you are my volunteer mentor, I'm Ebenezer Takyi. Please approve my loan for me. Thanks

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  • Rebecca    Oct 8, 2017

    I was having some problems that needed immediate attention that's why I've not been able to review the loans but I've been able to resolve them

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  • Rebecca    Jul 4, 2017

    Hey Zidisha am done paying my loan and I don't want to be doing this with you guys.. I want to apply for another loan to expand my business and can't wait till February 23rd. I have not defaulted in my payments so please give me the opportunity to apply for my next loan. Thank you

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  • Rebecca    Jun 17, 2017

    I want to increase my installment payment so that I can take another loan to Bost my business. Thank you

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  • Rebecca    Jun 1, 2017

    My business is doing well and I want to pay out my outstanding loans so that I can apply for more loan to expand my business

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  • Rebecca    Apr 30, 2017

    I wish to reduce my installment so that I don't miss any of my payments. I have being having some few challenges with my business. Thank you my lenders

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  • Rebecca    Feb 26, 2017

    Thank you my lenders for your support and help. My business is moving do fast and now spreading in America now

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  • Rebecca    Oct 31, 2016

    I wish to reduce my payment due to the pressure on me using the money to pay for the materials I bought. Thank you

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  • Rebecca    Oct 29, 2016

    Dear lenders thank you so much for your support. I have actually used some of the money for my outstanding bills and use the rest to buy materials for my business. Thank you so much

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  • Rebecca    Oct 20, 2016

    Thank you so much for your support and help. As i have already stated in my loan proposal, will use it to expand my business by buying raw materials and paying off some expensis. Thank you so much ones again. God bless you all

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  • Rebecca    Oct 19, 2016

    Thank you my lenders I have 80% more to go. I really need your assistance and support please. I won't let you guys down thank you so far for your support God bless you

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  • Rebecca    Oct 19, 2016

    Hello my lenders I will want your support at this time that a needed my loan funded. I have not failed you guys when it comes to payment on time. Am looking up on you again. God bless you all

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  • Rebecca    Oct 3, 2016

    I wish to take this opportunity to thank my lenders for their support so far.i wish to increase my installment to a higher one in other to complete my loan. Thank you

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  • Rebecca    Sep 14, 2016

    I have raised some money from my customers and am ready to pay more. Thanks you my lenders

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  • Rebecca    May 20, 2016

    I love to reduced my installment payment due to slop paste of the market .I will increase it as so SA possible. Thank you my lenders

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  • Rebecca    Apr 24, 2016

    Thank you my lenders for your support. I will use 75% of this loan to buy clothing for my cloth production and will use the 25% to pay my outstanding bells. Thank you and go's bless you

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  • Rebecca    Apr 22, 2016

    Thank you my lenders for your support. God bless You all.

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