Loan to purchase more second-hand goods to sell
Asamoah
Techiman, Ghana
100% repaid
Entrepreneur
Name
Asamoah
Member since
July 2016
On-time repayments
48 installments • 79%
About Me
asamoah vanessa is my name and I am from Ghana in West Africa. I am the third among five siblings and the only male. so I have four sisters. strong ones aAs I said I sell second hand clothes on large quantities in my locality. I actually sell it in a market so there are always lots of customers around and market is also generally good for such a business..
These are basic clothes and people need them all the time. I decided to sell these goods because I was given it on credit when I had no money of my own to start and also due to its profit and the need of it in almost every locality.
If I invest say $50.00 I do get back not less than $30 as profit and thus very good and huge . I save, I live on part, and I reinvest the rest in my business...
My Business
As I said I sell second hand clothes on large quantities in my locality. I actually sell it in a market so there are always lots of customers around and market is also generally good for such a business..
These are basic clothes and people need them all the time. I decided to sell these goods because I was given it on credit when I had no money of my own to start and also due to its profit and the need of it in almost every locality.
If I invest say $50.00 I do get back not less than $30 as profit and thus very good and huge . I save, I live on part, and I reinvest the rest in my business...
Loan Proposal
When my loan is fully funded, I will buy two large bails of second hand clothes for sale. Now, one will be for children both male and female clothes and the other one will be for adults and also both men and women. so Here I will use $115.00 for that of the children and $135.00 for that of the adults.
This will add more goods to my stock which are already in High demand and this will help me to meet demand and also will make clothes readily available and at affordable price to the people of my community.
I then expect to have a profit increase of more than 50% of the invested capital.
Feedback
Positive
None
Neutral
None
Negative
None
Loan Info
Project Type
Classic Loan
Disbursed amount
$60.00
Date disbursed
Aug 11, 2016
Repayment status
On Time
Projected term
3 months
Other loans
Ask Asamoah a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.