For my clothing business

James Tannor Kwadwo

Badu In Tain District, Ghana

11% repaid

Entrepreneur

Name

James Tannor Kwadwo

Member since

June 2018

On-time repayments

46 installments  •  54%

About Me

I am the first born of my parents among other eight siblings. I started my primary education at Badu Presby Primary School in the year 1986 at the age of eight (8) whilst staying with my grandma. I graduated to Asuafu SDA Junior Secondary School in 1992 and completed by Basic Education Certificate Examination (BECE) in 1995. I proceeded to Yamfo Anglican Senior Secondary School ; having not satisfied with the Programme of study, I had to come back to Asuafu SDA Junior Secondary School where I joined the third year students to write another BECE in 1997. I proceeded to Techiman Adventist Secondary Technical School in 1998 and completed in 2000 with a certificate in Senior Secondary Certificate Examination.
I went through difficulties whilst rising to become the first University Graduate in my family. Sometimes I had to run away from school to look for some menial jobs to feed myself throughout my basic school up to the university.

My Business

Though I am gainfully employed as a graduate teacher, I thought it prudent to engage in other business to earn much to support my other siblings and take good care of my Wife and three children. After a lenghthy discussion with my wife, we choose to sell mobile phone recharge credits, which has yielded some good returns.
We started with Gh¢ 1,000.00 worth of capital but has now grown to Gh¢ 3,000.00
I earn a monthly profit of Gh¢ 600.00 after deducting all other expenses. I have been reinvesting part of the profit and use part for childrens education.

Loan Proposal

I intend to boost my inventory by buying more clothes to boost by cureent sales. I have already started with the clothing sales where I buy some on credit and sell after which I pay after sales.
When I get this money, I will buy more clothes from my suppliers and sell to get more profit.

Income Source

My location is a strategic area and since l normally sell on credit to daily income earners, my business will not be affected much. I still believe I even make more sales

Feedback

None

None

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Loan Info

Project Type

Classic Loan

Disbursed amount

$217.98

Date disbursed

Feb 19, 2021

Repayment status

Late

Projected term

6 weeks

Cost to entrepreneur

Service fee: $7.72

Credit risk payment: $25.07

Optional expediting fee: $15.57

Lenders

F

Forba

Mo i Rana, Norway

johnandmoliehi

Canton, New York, United States

C

cjmenchaca

Austin, United States

Sundstroms

Falun, Sweden

A

aiban

Austin, United States

D

Dave22202

Arlington VA, United States

M

Marod

Edmonton, Canada

K

Krish

Dubai, United Arab Emirates

RogierEpping

Amersfoort, Netherlands

H

Harmony

Cleveland, United States

R

RickRozemuller

Groningen, Netherlands

Z

zidishan

Trifouillis, France

H

Haavard

Bergen, Norway

mikeice

Kohler, United States

sderickson

Berkeley, CA, United States

M

mbarbier

United States

Mike and Jacqui

United Kingdom

S

Stephan

Netherlands

JL

Joao Leal

United Kingdom

F

Falk

Germany

Jeroen Decock

Gent, Belgium

Karijn

Amsterdam, Netherlands

Dayton

Vancouver, Canada

Craig

Memphis, TN, United States

moursund

Beaver Nation, United States

JC

JD Conley

United States

I

Ian

United Kingdom

C

cota

United States

ME

Manaal Eisa

Washington DC, United States

G

Gianni

Venice, Italy

Mark Grey

Redding, CT, United States

LH

Lisa Heinze

Milwaukee, Wisconsin, United States

A

Andrei

United States

T

Tom

United States

EthicalHost

Toronto, Canada

DJ

David Jones

United Kingdom

V

Vidar

Oslo, Norway

I

isaac

United Kingdom

SA

Shar Alamdari

Los Angeles, United States

L

Lucy

Australia

Benjamin Kniaz

Boston, United States

Richard Benyon

United States

S

SmartDoDo

Utrecht, Netherlands

Taylor Vaughn

Nashville, United States

MC

Mike Cormack

Vancouver, Canada

A

AM

United States

N

Nicolas

United Kingdom

E

eelco

Netherlands

Babbitt Family Foundation

Sioux Falls, SD, United States

CG

Chris Greene

Birmingham, AL, United States

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