Loan to restock my shop with clothing materials

Emmanuel Kwabena Achiriki

Kumasi, Ghana

Funds disbursed

$0 to go

100% funded of $242 goal

0

days left

Entrepreneur

Name

Emmanuel Kwabena Achiriki

Member since

December 2020

On-time repayments

28 installments  •  29%

About Me

My name is Emmanuel Kwabena Achiriki and I am 48 years of age. I am married with two children. Growing up was not easy as I was raised by a single parent. With this hardship I was not able to complete second cycle education and there ventured into business. I now own my store where I sell all kinds of materials and other accessories to support the family. Back in school I was a good footballer but because of lack of funds I couldn't play football and one of sons has inherited this talent from me. I am always happy that at least I can invest in him to make his dream come true. in the next four years I dream of becoming an businessman who also help others to pursue their own dreams through their area of business.

My Business

I sell clothes, materials and other accessories which is used for dressing at wholesale and retail price at kumasi central market. I have been doing this business for ten years now and have got enough experience to manage the business as expected. Because of the good customer relation with my clients I have been able to build up a market avenue where people from all over the country comes to kumasi central market to purchase goods at whole to their specific area in Ghana to sell which gives me enough revenue and profit to help me take care of the family and other expenses. Investing in my business would help me expand balmy business to open branches and employ other who also want to learn trade.

Loan Proposal

Recently because of the Easter season the purchase of material is very high and generating profit. I need this loan to increase my stock to enable increase my profit margin to help my business grow. I would reinvest the profit into my business and other family expenses.

Income Source

I would be paying from the sales I make everyday. The sales of maetrials are good nowadys and I would be to pay this loan on time.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$242.02

Date disbursed

Apr 3, 2021

Repayment status

Late

Projected term

3 months

Cost to entrepreneur

Service fee: $8.61

Credit risk payment: $22.41

Optional expediting fee: $17.22

Lenders

Paul Buchheit

Mountain View, United States

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