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
Positive
None
Neutral
None
Negative
None
Loan Info
Project Type
Classic Loan
Disbursed amount
$334.00
Date disbursed
Sep 27, 2016
Repayment status
On Time
Projected term
7 months
Other loans
Lenders
Fontvielle, Monaco, Yemen
Summary
Amount repaid
$335.15
Amount remaining
$0.00
Date repaid
Apr 23, 2017
Status
Fully repaid
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Oct 9, 2016 | $12.90 | Oct 9, 2016 | $12.90 |
| Oct 16, 2016 | $12.90 | Oct 17, 2016 | $12.90 |
| Oct 23, 2016 | $5.16 | Oct 24, 2016 | $5.16 |
| Oct 30, 2016 | $5.16 | Nov 1, 2016 | $5.16 |
| Nov 6, 2016 | $5.16 | Nov 6, 2016 | $5.16 |
| Nov 13, 2016 | $5.16 | Nov 13, 2016 | $5.16 |
| Nov 20, 2016 | $5.16 | Nov 22, 2016 | $5.16 |
| Nov 27, 2016 | $5.16 | Nov 27, 2016 | $5.16 |
| Dec 4, 2016 | $5.16 | Dec 4, 2016 | $5.16 |
| Dec 11, 2016 | $5.16 | Dec 12, 2016 | $5.16 |
| Dec 18, 2016 | $0.00 | ||
| Dec 25, 2016 | $1.29 | Dec 21, 2016 | $1.29 |
| Jan 1, 2017 | $1.29 | Dec 21, 2016 | $1.29 |
| Jan 8, 2017 | $1.29 | Dec 21, 2016 | $1.29 |
| Jan 15, 2017 | $1.29 | Dec 21, 2016 | $1.29 |
| Jan 22, 2017 | $1.29 | Dec 25, 2016 | $1.29 |
| Jan 29, 2017 | $1.29 | Jan 1, 2017 | $1.29 |
| Feb 5, 2017 | $1.29 | Jan 8, 2017 | $1.29 |
| Feb 12, 2017 | $1.29 | Jan 16, 2017 | $1.29 |
| Feb 19, 2017 | $1.29 | Jan 22, 2017 | $1.29 |
| Feb 26, 2017 | $1.29 | Jan 29, 2017 | $1.29 |
| Mar 5, 2017 | $1.29 | Feb 5, 2017 | $1.29 |
| Mar 12, 2017 | $1.29 | Feb 12, 2017 | $1.29 |
| Mar 19, 2017 | $1.29 | Feb 19, 2017 | $1.29 |
| Mar 26, 2017 | $1.29 | Feb 28, 2017 | $1.29 |
| Apr 2, 2017 | $1.29 | Mar 5, 2017 | $1.29 |
| Apr 9, 2017 | $1.29 | Mar 12, 2017 | $1.29 |
| Apr 16, 2017 | $1.29 | Mar 22, 2017 | $1.29 |
| Apr 23, 2017 | $1.29 | Mar 26, 2017 | $1.29 |
| Apr 30, 2017 | $1.29 | Apr 3, 2017 | $1.29 |
| May 7, 2017 | $1.29 | Apr 10, 2017 | $1.29 |
| May 14, 2017 | $77.40 | Apr 16, 2017 | $77.40 |
| May 21, 2017 | $164.86 | Apr 23, 2017 | $164.86 |
Ask Philomena a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.