New designer clothes for my shop

Twum Michael

Sunyani-odumasi, Ghana

40% repaid

Entrepreneur

Name

Twum Michael

Member since

February 2016

On-time repayments

85 installments  •  48%

About Me

Am called Twumasi Michael. I am 29 years of age, fair in complexion and moderately built. I come from Sunyani-Odumasi in the Brong Ahafo Region of Ghana. I am in a family of seven and the second son of my parents. I had my primary and Basic Education at the Odumasiman Demonstration Primary and J.H.S and furthered at Sunyani Senior High School in the Brong Ahafo Region of Ghana. I pursued an HND course in Marketing at the Sunyani Polytechnic (S-Poly) in Ghana. I am married to Mrs. Comfort Frimpomaa with two lovely kids, Lordina and Peter. I am self-employed. I run my own mini boutique where I sell all kinds cloths, both second hand and brand new (Already made). I entered into this business due to the high demand for cloths in my area. Over the few years of my practice, I have been able to employ one person who give a helping hand at the shop. The food I like best is plain rice and beans stew. My hobbies are reading, watching movies and art work.

My Business

I started my mini boutique with the name"THE BASE SPECIAL BOUTIQUE" in the year 2012 with the capital of $250.00. I sell all kinds of cloths such as men's wear, women's wear, children's wear,shoes and sandals etc. I also sell second-hand cloths of all kinds. I have employed only one person into my business. Now I have a capital of about $750. Due to the increasing demand of cloths, my business is fast growing. I intend to open up my business to a greater height due to the high demand of cloths. I also intend to increase my profit margin from 50% to 60% by the close of the next three months. I am now working also with Herbalife which is a nutrition company and it's now in Ghana. We provide good nutrition to all manner of persons. It had boosted my business strategies and my business is now flourishing like never before. Part of the profit will be reinvested In my business so that I can make prompt payment.

Loan Proposal

This loan i am seeking will be used to purchase more and new fashionable clothes for my shop. My customers are always looking for new designs in my shop so that they can also look good as always. Since my shop is a unisex boutique, both ladies and gents fashionable clothes will be purchased in order to meet the demands of my customers. Thank you

Feedback

None

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Loan Info

Project Type

Classic Loan

Disbursed amount

$145.91

Date disbursed

Jul 28, 2019

Repayment status

Late

Projected term

2 months

Cost to entrepreneur

Service fee: $4.81

Credit risk payment: $23.17

Lenders

valentin

Stockholm, Sweden

AltruisticSelfishnes

Chicago, United States

ErikN

Stockholm, Sweden

Martin

Manama, Bahrain

T

Tallago3

Munich, Germany

A

AlexCheng

Seattle, United States

B

Bavarian

Bavaria, Germany

DLarson

Morris, United States

Cloudways

Malta, Malta

S

SvenWaage

Stavanger, Norway

ads68

Melbourne, Australia

Y

Yevrahs

Dallas, Texas, United States

Ingela

Falun, Sweden

postnihilist

Honolulu, United States

fairspirit

Utrecht, Netherlands

G

Goldrivermob

Gold River, Canada

O

Ohio

Ohio, United States

soniad

Dubai, United Arab Emirates

ibc123

Seattle, United States

xtrahardware

Cazenovia, United States

D

DanielW

United States

sderickson

Berkeley, CA, United States

R

roozbeh

United States

TyWee

Manila, Philippines

B

bscent

Hong Kong

Jamal Hamou

Cascadia, Canada

S

Stephan

Netherlands

S

Sven

Netherlands

CC

Catherine CatDesignz

Halifax, United Kingdom

Dave Bogard

New York, United States

MW

Matt Willis

United States

E

erica

antwerpen, Belgium

R

Rhys

Australia

Mark Grey

Redding, CT, United States

RC

Rudi Chen

United States

Diane U

Olympia, Wa, Usa, United States

JF

J Fister

United States

Emily

San Francisco, United States

A

Anabell

Elizabeth, United States

Mike

Indianapolis, United States

R

RM

Australia

GA

Gal Ashuach

רעננה, Israel

EP

Evan Peters

United States

Girolamo Marroccoli

Basel, Switzerland

alexalexalex

Berlin, Germany

E

Eduardo

Paraguay

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