Loan to expand my clothing retails
Maame
Bantama Kumasi, Ghana
100% repaid
Entrepreneur
Name
Maame
Member since
June 2016
On-time repayments
28 installments • 64%
About Me
After completing secondary school, ,my parents wanted me to marry at that tender age and this forced me to move away from home . I went to Accra where I found a job as a house maid. I worked for 6 months ,and save $200 that I used to start my cloths business, the business did well and I always reinvested my profits in the business.I have now opened a shop where I run my business from.
I come from the Bantama community and we got lots of good culture though some are bad such as female circumcision,.
I am not yet married but I have one kid I adopted from the street,she is young beautiful girl whom I believed should be given a chance to live a normal life.
I spend most of my time in the shop but when free,I spend time in the church with other singing and praising the lord,I also visit friends and socialize and advice one another.
My Business
I am a young entrepreneur ,who believes in the power of woman and determined to succeed . I sell cloths both second hand and new cloths.
The demand for cheap clothing has grown due to high populations in Accra city.
I choose these business because it had good profits and required small start up capital.
my typical costs are $150 for operations costs and $400 are my monthly revenues.
I use the money to take care of my adopted kid, pay fees for my weekend degree course and send money to my parents. Thank you
Loan Proposal
I have noticed there is higher demand for children's shoes and I am requesting for a loan to help me purchase more children shoes , the shoes move very fast and would give me better returns within a short time.Thank you
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Loan Info
Project Type
Classic Loan
Disbursed amount
$98.00
Date disbursed
Jul 16, 2016
Repayment status
On Time
Projected term
4 months
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