Loan to get a shop for my clothe selling business

Gordon

Kumasi, Ghana

100% repaid

Entrepreneur

Name

Gordon

Member since

January 2015

On-time repayments

292 installments  •  13%

About Me

My name is Gordon Akuffo Asare, a native of Aburi, a very popular town in the Eastern region of Ghana. Aburi is mainly popular its botanical garden serves as a tourist site for different people. I am the eldest of five children of my parents. My family and I have seen it very rough in life but it is through God’s grace that we have come this far. My father is a taxi driver who used to have his own car but was unable to maintain it when it broke down after using it for almost 10 years. My mother is a petty trader who because of lack of enough capital to start her own business usually picks up items such as pastries and drinks from manufacturers and sell to customers. I had this aim of never wanting to disappoint my parents but rather to make it to the top in my education. By the grace of God and perseverance I have completed University with a bachelor’s degree in medical laboratory Technology. This I was able to achieve by helping a friend at his clothe selling shop during my vacation time in order to get some money to add to what my parents will give me. This made me to actually move into the business of buying and selling clothes. The most unique thing about where I actually live is that majority of the residents are farmers with most of them being cashew farmers. Currently I work as a biomedical scientist at the district hospital of Tain in the Brong Ahafo region of Ghana. Life hasn’t been easy still since I have worked for 2 years without receiving salary.

My Business

ABOUT MY BUSINESS
I am in the distribution and sale of ladies and gents wear such as suits, shirts, ladies heels, sandals, bags, etc in the Brong Ahafo Region. I have a lot of request people make and would like to 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 country and beyond and to also serve as an avenue to employ others who have no work to do. I currently display the few outfits at a friends shop and as such my clothes are gradually catching the eyes of customers.
I have decided to set up a new business which I think is another great profit making venture. This business I am talking about is like a cinema centre but here only live football matches are watched. Back here in Ghana, People are more in love with the foreign leagues such as the premiership, la liga, serie A, bundisliga the ligue 1 among others. These people do not howerver have the luxury to travel to watch these matches and also buy dstv decoders and watch it at their homes. I have therefore decided to take it upon myself and establish a centre where people will come and watch these live matches at reduced cost. I have already acquired the land for this project and have done the feasibility studies on the total cost. Currently there is only one centre like that in my locality but the way way it is run is not satisfactory. With the little knowledge I have and with the help of Zidisha I hope I will be able to do far more better than that. Also looking at the population in the town I stay, it is very difficult for that center to accommodate the numerous football loving fans. In my loan proposal, I will list the items and the cost involved which I hope lenders will help me.
I promise to execute and respect the rules and regulation of this noble institution.
Thank you.

Loan Proposal

MY LOAN PROPOSAL
My clothe selling business is something which is gradually catching the eyes of many people. Although the demands for these clothes keeps increasing, I have been struggling to get loan to fund it in order to meet the high demand.
The main reason why I do this business is to raise enough funds to cater for the family which I have eventually become the bread winner and also to advertise the quality of designs in Africa.
I have been able to raise a small amount to buy some of these clothes which I normally sell around. I urgently need this loan to get a shop to showcase and sell these clothes. Currently, I showcase the few clothes I buy a friends shop in order to attract customers but this have been proving a little challenging. I therefore want to be solely independent so as fully manage this business.
Kindly consider lending me this loan as it will go a long way into helping me achieve my life long dream.

Feedback

None

None

None

Loan Info

Project Type

Classic Loan

Disbursed amount

$100.00

Date disbursed

Feb 9, 2015

Repayment status

On Time

Projected term

7 weeks

Lenders

mbunifu

San Jose, United States

Zidisha

Sterling, United States

beverly

Vancouver, Canada

T

tmsaddress

Orlando, Florida, United States

Jouni

Finland

ads68

Melbourne, Australia

A

Aaron

Zurich, Switzerland

T

Tui1974

nuenen, Netherlands

S

solarkismet

Logan, United States

A

akshu71

Ottawa, Canada

R

RohitSingh

Montreal, Canada

Matching Fund

Sterling, United States

mepster

San Francisco, Ca, United States

J

JonAlec

United States

Rob Wright

OKC, OK, United States

Humble Bundle Community

San Francisco, United States

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

Please log in to comment.

  • Roy    Mar 27, 2016

    Gordon, How are you?

    Log in to reply • Share
  • Gordon    Nov 19, 2015

    Business is currently moving at a slower rate and I will accordingly increase it when things head in the right way.

    Log in to reply • Share
  • Gordon    Nov 12, 2015

    this is to update my lenders of my project. I am still erecting the structure. this is its current stage. I am most grateful to you.

    Log in to reply • Share
  • Roy    Oct 26, 2015

    Gordon, How are you?

    Log in to reply • Share
    • Gordon    Nov 1, 2015

      I am very well Roy. I very sorry for the late reply of your message. I had some problem with my internet accessibility. There was also a general problem with the payment system here in Ghana. This resulted in our payment not being able to reflect. But I believe now the problem has been resolved as I have seen my payments beginning to reflect. Thanks very much.

      Log in to reply • Share
      • Roy    Nov 2, 2015

        I am pleased you are well...Yes, there seems to be a lot of problems with the payment system. Hopefully , the system will be improved.

        Log in to reply • Share
    • Gordon    Nov 1, 2015

      I am very well Roy. I very sorry for the late reply of your message. I had some problem with my internet accessibility. There was also a general problem with the payment system here in Ghana. This resulted in our payment not being able to reflect. But I believe now the problem has been resolved as I have seen my payments beginning to reflect. Thanks very much.

      Log in to reply • Share
  • Gordon    Sep 30, 2015

    I received an amount of 4205 GHS. I really thank the lenders for this great honour and also the Zidisha team for this great platform. I will do a good job with the money and then report accordingly to the lenders. Thank you.

    Log in to reply • Share
  • Gordon    Sep 29, 2015

    I don't really know how to express myself to reflect how exactly I feel after my loan has been funded. I wish my lenders could see me or I can send a video message for them to really see me well. I am highly grateful to you, my lenders. I had done all feasibility studies for my business but did not know where to get the funds. This is the happiest day in my life. I will use the money exactly as I said in my loan application and will never disappoint them. I will also use this platform to personally thank Roy for his care and advise. Roy, God richly bless and continue to exalt you. Thank you.

    Log in to reply • Share
  • Gordon    Sep 27, 2015

    I will continue to plead with lenders to do me a great favour by funding my loan as my business is in great need of this fund and I promise never to disappoint them. Thank you.

    Log in to reply • Share
    • Roy    Sep 27, 2015

      Hi Gordon, Do you think perhaps you would be more likely to be successful, if you asked for less money? Perhaps break your project into two phases.... first with one TV and two fans, then when the demand is proven, you can double the size.
      Good luck.

      Log in to reply • Share
      • Gordon    Sep 27, 2015

        Thanks very much Roy. Although I have done all feasibility studies for the project before applying for the loan, I think it will be best for me to heed to your advise and modify it. May be you can grant me opportunity to be a personal friend so you can give more advise.

        Log in to reply • Share
        • Roy    Sep 27, 2015

          Pleased you understand. There are no guarantees though....

          Log in to reply • Share
  • Gordon    Sep 23, 2015

    My hope is very much on the lenders as I need this loan to continue to make great impact in my life and the life of people around me. Without this loan it will be very difficult to get funds elsewhere to invest into the business. I will therefore plead with lenders to have believe in what I am doing as I will never disappoint them. Thank you.

    Log in to reply • Share
  • Gordon    Sep 15, 2015

    Thanks very much to lenders for the support they granted me in the previous loan. By the grace of God, I was able to invest it and that business is greatly booming. My customer base has increased and now i am getting more profit from it. This is all thanks to the almighty God and the lenders of Zidisha. I am realy grateful.

    Log in to reply • Share
  • Gordon    Sep 7, 2015

    The loan I collected have been invested into my business and right now I have much stock to display to customers. Income has also greatly maximized. I am really grateful.

    Log in to reply • Share
  • Gordon    Aug 26, 2015

    Business is moving on well and I would like to increase my installment amount. This will enable me to pay the loan quick. As a result, it will serve as an appreciation to the lenders. Thank you.

    Log in to reply • Share
  • Gordon    Aug 22, 2015

    The loan I received has greatly had positive impact into my business. The first stock got finished with me having profit to pick another stock for sale. I have therefore been able to supply the needs of my customers. I really thank Zidisha and the lenders for the favor they have done me.

    Log in to reply • Share
  • Gordon    Jul 29, 2015

    Through Zidisha I have been able to make great impact in my business. I have been able to add up new collections to my shop. This has made me to win more customers who initially did not buy from my shop and this is all thanks to Zidisha.

    Log in to reply • Share
  • Prince    Jul 16, 2015

    Keep up with the good works Gordon.

    Log in to reply • Share
  • Gordon    Jul 14, 2015

    By God's grace business is still moving on well and I thank the lenders and Zidisha team for the great help done me.

    Log in to reply • Share
  • Gordon    Jul 4, 2015

    Business is still moving on well by the grace of God.

    Log in to reply • Share
  • Gordon    Jun 26, 2015

    I am still making reasonable profit in my business partly because of the money which was loaned me. I am realy grateful.

    Log in to reply • Share
  • Gordon    Jun 16, 2015

    I am making great impact in my business and the community, all thanks to Zidisha micro lending group.

    Log in to reply • Share
  • Gordon    Jun 7, 2015

    Zidisha is indeed a helper in times of need. When I turn to look at my business booming, all I can say is thanks be to Zidisha.

    Log in to reply • Share
    • Roy    Jun 7, 2015

      So very nice to hear....Could you give us a few details?

      Log in to reply • Share
  • Gordon    Jun 6, 2015

    business is moving on well and I am making more profit.

    Log in to reply • Share


Loading...

Loading...

Loading...