Selling second-hand clothing to fund my education

Freda Kodua

Kumasi-bomso, Ghana

4% repaid

Entrepreneur

Name

Freda Kodua

Location

Kumasi-bomso, Ghana

On-time repayments

147 weekly installments  •  18%

About Me

My name is Freda Kodua from Bomso-kumasi. I live very close to the Holy Trinity Chapel. My parents are from Ghanaian descents and they are blessed with nine children and i am the third. My parents are both tomato farmers. I had my educational training at Holy Trinity Preparatory school where i sat for the Basic Education Certificate Examination and emerged victorious.
I had the best grade among my colleagues in my graduating year and was awarded for the feat chopped. The year i completed my JHS, my parents had a tough time raising money for my further studies. They are farmers and they cultivate tomatoes and other vegetable types in small quantities to feed the family and sell the rest to raise money for our expenses. The year i completed my Junior high school education, there were a serious famine and my parents were unable to get enough money from the farm produce because the rains did not set in early so most of the plant withered and died.
I had no other option than to stay home for one academic year before enrolling in the senior high school. After gaining admission into the university i realised that university education in Africa is very costly so i had the passion and the zeal to do business on campus to cushion the support that was coming from parents since that was not enough. In the future i want my children to be educated and be responsible citizens who will contribute their quota.
I am a young businesswoman and a hardworking bsc. economics student who sells second hand ladies wears to student at the university campus. I operate a door to door style of marketing and i raise a lot of profit from the business. I begun with a small capital but due to hard-work and dedication to duty, the business has progressed.

My Business

I sell cheap and affordable second-hand ladies wears. I chose to do this because many students cannot afford the cost of first class wears and this provide them with a good alternative. The demand for this second-hand ladies wears are increasing especially those from less endowed family background patronises my service and goods.My customers keeps going up due to the warmly good service I render to them.The business is among the leading campus businesses and people from different environment even come to me to buy the goods. I make more revenue from the sale of these goods everyday and the total revenue that accrued from the business is very good and encouraging.The profits i get from sales is reinvested into the business to make it grow bigger and wider in order to generate more revenue and also to stand tall above other dealers on campus. 400 dollars worth of second hand clothes when resell could fetch me 80 dollars every week. The business is very attractive and i need more goods to sell and make more revenue.

Loan Proposal

I will use the loan to buy more and affordable second-hand clothes and sell it on campus to generate more revenue to support myself pay for tuition and residential fees. I need about 400 dollars to secure enough of these goods so that i can make the needed profit to pay for my university tuition fees and residential fees. The loan when given will help in my business expansion and also i could raise enough money for my expenses and school cost.

Feedback

None

None

None

Loan Info

Project Type

Classic Loan

Disbursed amount

$427.09

Date disbursed

Jul 12, 2017

Repayment status

Late

Projected term

30 months

Cost to entrepreneur

Service fee: $13.82

Freda opted to pay $167.12 into the Zidisha Members Loan Fund in return for a higher starting credit limit.

Other loans

Lenders

J

johan

Oslo, Norway

M

michael

Mornington, Australia

davelowe100

Perryville, United States

W

Witlof

Tsukuba, Japan

BelleStarr

Albuquerque, United States

M

Meckel

Boulder, United States

cyrus0302

San Francisco, United States

O

Oliver

Geneva, Switzerland

T

Tec69200

Jacksonville, United States

P

PlutusNOR

Trondheim, Norway

T

Tallago3

Munich, Germany

R

Roman

Barcelona, Spain

M

mason243

Denver Colorado, United States

A

AlexCheng

Seattle, United States

C

chrisn

Egg, Switzerland

B

briansedz

Canton, Ohio, United States

Dan Haynes

Bozeman, United States

J

jared4

parowan, United States

T

tmsaddress

Orlando, Florida, United States

T

tommmart

Seattle, WA, United States

athomas

Chevy Chase, United States

Cloudways

Malta, Malta

S

Sabine

Courtenay, Canada

P

pillepalle

Osnabrück, Germany

AdvancingCompassion

San Diego, United States

G

Goodwill

Oakland, United States

peanut

Halifax, Canada

Andreas Kiss

Vienna, Austria, Austria

Sunnyside

Stafford, United Kingdom

J

jackplum

Fishers NY, United States

chadgibbs

Loveliest Village, United States

Bobrm2k3

Charleston, United States

CA

Chris and Janet

Portland, OR USA, United States

K

Krishroff

Dubai, United Arab Emirates

N

NickLuder

London, United Kingdom

JonB

London, United Kingdom

S

seikatsu

Palo Alto, CA, United States

GuillaumeTeissier

Montréal, Canada

G

GCAsmus

Minneapolis, United States

dmirpuri

Bangkok, Thailand

B

BMcDermott

Washington, DC, United States

lizandsteve

guelph, Canada

E

edgrr000

Dallas, United States

Freewolf

Salt Lake City, United States

A

akshu71

Ottawa, Canada

sderickson

Berkeley, CA, United States

M

martyb

United States

S

stuartxyz

Denver, Colorado, United States

B

bugdaniel

Switzerland

bb4dogs

United States

O

orilifsks

United States

chriseyre

Fremont, Ca, United States

V

vbud

United States

T

Tim47

United States

K

Keith

Luxembourg

utdream

United States

B

Bennphoto

United Kingdom

Rachael101

Brisbane, Australia

Y

Yanque

Madrid, Spain

M

M.Umar

Pakistan

C

Crainster

Chapel Hill, United States

M

Madtowner

United States

Voscke

Utrecht, Netherlands

K

Kristiina

All Countries

Matthias

Frankfurt Am Main, Germany

Dave Bogard

New York, United States

MD

Miles Dodge

CORVALLIS, United States

SMOICE

Berlin, Germany

MW

Matt Willis

United States

W

Wade

United States

Jake Badger

Roskilde, Denmark

JS

Johan Steen

Malmö, Sweden

J

Julie

United States

KD

Kent Don

United States

JD

Jeff DePree

United States

MR

Michiel Rauws

San Francisco, Netherlands

Corina King

Calgary, Canada

Martin Nielsen

Aarhus, Denmark

N

Nick

United States

KJ

Kevin Jones

United States

A

avangalen

Netherlands

TF

Tom Fawcett

United States

Rosario von Li

San Jose, Ca, United States

AK

Achim Königs

Bonn, Germany

P

Peter

Bratislava, Slovakia

Eugen Stamm

Zurich, Switzerland

Christopher Hey

Sudbury, Canada

Cliff

United States

OH

Orion H.

United States

MT

Marco Tietz

United States

GT

Geoff Tucker

United States

Thomas

Sweden, Sweden

Gabriel Fenili

Santo André, Brazil

P

Patrick

Australia

Y

YTSJ

London, United Kingdom

J

jerod

United States

MP

Marc Palatine

United States

Derek Anderson

Yankton, United States

M

Matthias

Australia

W

Wim

Netherlands

RT

Rob Torti

United States

V

Vasil

Belarus

JA

Jan Andresen

Hamburg, Germany

ED

em degu

United States

SM

Sachet Marion

United States

johannes

Taipei, Taiwan

A

Annapurna

United States

J

Jon

United States

Craig Newmark

United States

The Zinc Team

San Francisco, United States

Benjamin Kniaz

Boston, United States

Humble Bundle Community

San Francisco, United States

Day Family

Melbourne, Australia

V

VJ

Canberra, Australia

Gail

United States

RG

Ryan Gough

United States

D

Dalton

San Francisco, United States

L

leoman

United Kingdom

AS

Amy Shearer

United Kingdom

A

Arian

Belgium

Philipp Lehmann

Zurich, Switzerland

A

Anabell

Elizabeth, United States

WC

Walter Clarke

Phoenix, United States

Paul Buchheit

Mountain View, United States

AS

Andreas Schäfer

Basel, Switzerland

A

Adriaan

Netherlands

A

Anonymous

United States

afaness

Germany

JG

Jake Gibson and Beverly Picardo

San Francisco, United States

A

Anonymous

United States

JT

Joanne Thompson

United Kingdom

LP

Loudoun Polo

United States

LM

Lee Montecucco

Washington State, United States

MB

MW Brown

United Kingdom

S

Sai

Singapore

Ask Freda a question about this loan project, share news and photos of your own, or send a simple note of thanks or inspiration.

Loading...

Loading...

Loading...