Loan to reinvest in my business

Kwasi

Nkoranza, Ghana

100% repaid

Entrepreneur

Name

Kwasi

Member since

August 2016

On-time repayments

139 installments  •  26%

About Me

Am Kwasi Ransford and a second hand goods dealers at Aboso market.I Started my business some years in October which was a small business and raise some funds for my living as a result of hard work.My problems in my work hinders my development in terms of costumers satisfaction, Financial increasement etc is the fact that I my goods are small and also am with the vision to employ other people to work with me if my goods increase.

My Business

And if all things are put well I can employ workers here and as well this will help me supply my costumers well when they come in numbers to buy in bulk and retails.All these efforts are to push my work up and raise a high profit for me.200 CEDI's to buy stocks of trousers,shirts,pullovers,40 CEDI's to buy hangers and payments of workers here 60 CEDI's.

Loan Proposal

If the loan is given to me I will use $10 to buy 4 bales of trousers, shirts and $10 to find a new shop to increase my sales of these items so as to increase my profit margin.If am given the loan it will help me to increase my profit margin as well to get enough money to support my children's education and as well buy many bales of shirts and trousers in addition to what I have already so that constumers will get every items of their choice.If I am given the loan it will increase my profit margin from 15% - 20%.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$32.00

Date disbursed

Aug 31, 2016

Repayment status

On Time

Projected term

7 months

Lenders

The Zinc Team

San Francisco, United States

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