Loan to upgrade my clothes production skills
Ophelia
Berekum, Ghana
14% repaid
Entrepreneur
Name
Ophelia
Member since
April 2015
On-time repayments
60 installments • 35%
About Me
Hello everyone I am a young lady at the age of 23 years old and fair in complexion. I am a hard working you lady with a child. I am actually a school dropped out due to financial constraint in my family. I have done my best to start something for myself and the family. A man who has a vision with purpose and persistent can never be stopped. I was born and brought up in a village but that never stopped me from where I am today. Thank you
My Business
I started this business on a difficult situation. I am a seamstress who makes dress for people. I did not actually have any formal training on the job. I started helping my elder sister at the shop who is a professional seamstress. That's how come I started.
I normally make profit from the dress I sow for people. It takes me a very long time to make one dress for a client since I have to always take my clothes to my sister's shop before I can sow them by using here sowing machine. People pertronize my dress simply because I hard no formal training. Now demand for dress is very high.
I make must beautiful and natural designs that are not on the market.
Loan Proposal
Dear lenders, this business is what I depends on for living. I am a single mother who is taking care of my child currently in school. As I started earlier in my first loan I need some formal training, therefor I have gone in for an admission form to start my professional training. This will cost me about $450. I have to also buy a new machine for sowing the clothes and also have to get my own shop for designing my clothes. This is about $ 600,. I actually used my first loan to buy material to make some dress for sale. Even this current loan will not be able to take care of all the things I need but at list with that I can start from somewhere.
If all this is made available liable I will be able to increase my customer base to about 60% and also increase profit to about 20%. This will also enable me to take my child to school. Thank you lenders in advance
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Loan Info
Project Type
Classic Loan
Disbursed amount
$134.00
Date disbursed
Feb 7, 2016
Repayment status
Late
Projected term
6 months
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