Entrepreneur
Name
Richard
Member since
May 2016
On-time repayments
45 installments • 80%
About Me
My name is Richard Oteng a business minded young man hardworking and honest in the clothing business. I am from a town called Ejisu in the Ashanti region of Ghana. I am firs born of my parents out of four children. I and my siblings lived together in one compound house with my parents. I am a tailor in my village. I used the income from my dress making to feed my siblings and my sick father. Because they are poor. I want to expand my dress making business so that my income will rise this will enable me to continue helping my siblings and my sick father and needy people in my community. I need help from good people like you.
My Business
I am able to sew some dress and sell to people but I get little profit. I have been in my business for the past three years up till now. Because I do not have enough capital I cannot buy more materials and sew for people to buy. This makes the dress making very difficult. Many people in my village like my sewing design but because of not enough capital it can't make more dress.. With your help I will be able to provide service to more client which in effect will increase my profit.
Loan Proposal
I am requesting for a loan of $400 to rent a shop for my tailor work. If I received this loan i will use it to rent spacious place for my tailor work and it will help me to increase my production.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$377.00
Date disbursed
Jan 16, 2017
Repayment status
Late
Projected term
60 months
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