Restock imported clothing to expand my business
Fredericka
Nsawkaw, Brong Ahafo Region, Ghana
100% repaid
Entrepreneur
Name
Fredericka
Member since
April 2015
On-time repayments
58 installments • 52%
About Me
MY STORY
I am Fredericka Quainoo, a 28-year-old lady who loves entrepreneurship and believes in self-employment. I completed Ahantaman Senior High School. After 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 Narh-Bita College, where I received a certificate in medical laboratory assistant. At school, I moved into buying and selling clothes 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
ABOUT 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 expand this business so that I would be able to make good profit to in order to take care of the family. I promise to execute and respect the rules and regulation of this noble institution. Thank you.
Loan Proposal
I would buy clothes with the loan. If I am given the loan, I will buy many clothes that would worth about GHS 3,000. I will then give them out on credit to customers and go for the money later. A piece of clothing can be sold for about 30 Ghana cedis and by this I expect to make a total profit of about GHS 1,000 if all other expenses are deducted from it. This means that the loan can go a long way to helping me. By this, I would be able to cater for some little expenses of life and later expand the business into a very lucrative one. I promise to abide by all rules and regulations governing the institution. Thank you.
About Me
MY STORY
Am Fredericka Quainoo, a 28 year old lady who loves entrepreneurship or believes in self employment. I completed Ahantaman Senior High school. After 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 Narh-Bita College where I offered certificate in medical laboratory assistant. At school, I moved into buying and selling clothes 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 highly 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
ABOUT MY BUSINESS
I am into the business of buying and selling clothing at my locality and towns around. Initially, when I started the business, I used to buy from local wholesales and sell around. The clothes would sometimes cost around GHS 2000. My clothes are being demanded because they come with quality materials and affordable prises. As the business grew, I started importing my clothes from Togo and would sometimes give it to customers on credit. Currently, I have stayed a little idle in the business which I wish to rekindle it in no time. I would be glad to get this loan in order to help rekindle and expand this business so that I would be able to make good profit to in order to take care of the family. I promise to execute and respect the rules and regulation of this noble institution. Thank you.
Loan Proposal
I would buy clothes with the loan. If I am given the loan, I will buy many clothes that would worth about GHS 3000. I will then give them out on credit to customers and go for the money later. A piece of this clothe can be sold for about 30 Ghana cedis and by this I expert to make a total profit of about GHS 1000 if all other expenses are deducted from it. This means that the loan can go a long way to helping me. By this, I would be able to cater for some little expenses of life and later expand the business into a very lucrative one. I promise to abide by all rules and regulations governing the institution. Thank you.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$100.00
Date disbursed
May 11, 2015
Repayment status
On Time
Projected term
2 months
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