Loan to invest into clothing business

Philomena

Kasoa, Ghana

100% repaid

Entrepreneur

Name

Philomena

Member since

June 2015

On-time repayments

181 installments  •  47%

About Me

I am Philomena Turkson, a 24-year-old lady who loves entrepreneurship and believes in self-employment. After completion senior high school, I moved in a little business of buying and selling cosmetics, which aided me in the payment of my school fees at the Ankaful nurses training College, where I offered for a diploma in psychiatric nursing. At school, I moved into buying and selling clothes and materials to students and lecturers on campus. Through this, I was able to support myself by paying for my academic utilities.

My clothes are very affordable and are produced with high-quality materials, and I have a long time ambition of getting enough capital to expand my business. My dream is to see poverty being reduced in the area, so that the young children who want to be doctors and lectures would achieve their aims.

My Business

I am in the business of buying and selling clothing in my locality and towns around the area. Initially, when I started the business, I used to buy from local wholesales and sell around. The clothes would sometimes cost around GHS 2,000. My clothes are being demanded because they come with quality materials and affordable prices.

As the business grew, I started importing my clothes from Togo and would sometimes give them to customers on credit. Currently, I have stayed a little idle in the business, which I wish to rekindle in no time. I would be glad to get this loan in order to help rekindle and grow this business which would be able to help me raise
enough profit in order to take care of the family.

Loan Proposal

Describe what you will do with the loan in at l

east 200 characters since am out of school i
n intend to travel to surrounding places to sell my clothings, I also want to add bags shoes as well as jewelry to my clothing business, I also want to offer a 6 month course in beautician, I also want to assist my parents to pay my kid brothers fees in the senior high school
the shoes and bags will cost about 125.47 dollars, already I have 250.94 dollars in my clothing business so so I ll add the remaining amount to my clothing business,am expecting to make at least 15.19 dollars every month which will help me pay the fees for the beautician school.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$334.00

Date disbursed

Sep 27, 2016

Repayment status

On Time

Projected term

7 months

Lenders

ErikN

Stockholm, Sweden

BF

Bob Fitzjohn

Fontvielle, Monaco, Yemen

Matching Fund

Sterling, United States

Paul Buchheit

Mountain View, United States

Craig Newmark

United States

The Zinc Team

San Francisco, United States

Humble Bundle Community

San Francisco, United States

A

Anonymous

United States

A

Anonymous

United States

Paul Buchheit

Mountain View, United States

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