Optimistic about starting a business selling clothes

Mohammed Kamil Fuseini

Tamale, Ghana

41% repaid

Entrepreneur

Name

Mohammed Kamil Fuseini

Location

Tamale, Ghana

On-time repayments

13 weekly installments  •  46%

About Me

My name is FUSEINI MOHAMMED Kamil ,I’m a shs student due to corona virus pandemic I decided to start business this is sales of clothes ,I wish to be one of Mobile money vendors but due to insufficient funds.so I want to start with this little business and see where it will leads me to . I do have business experience,I worked in Tamale abaobo market in a couple years ago (that was sales of yam in my fathers store ) I believe that I can manipulate any amount lended me here to get more income and pay back in a due time.

My Business

I’m yet to start with a sales of clothes with what you will lend me and the little that I have,I wish you could offer me more credit score that will help me to establish it without facing any financial problem with the business,

Loan Proposal

I’m very great full for this Opportunity,My mom new I have a chance of getting loan ,So now I’m going to give her ghc400 of this loan to support her yam business,and used the rest to get my materials for my work and we will pay it together

Income Source

At a week she sell about 100 to 200 yams which she will earn at least gh50 per 100 ,and I will go to work at least 3 times a week which is equivalent to ghc90

Feedback

None

None

None

Lenders

John Minges

United States

DK

Daniel Kalla

Saint Paul,  United States

Loan Info

Disbursed amount

$118.09

Date disbursed

Jan 17, 2021

Repayment status

On Time

Projected term

4 months

Cost of loan

Service fee: 5% of $118.09 = $5.82

Credit risk payment: $15.52

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