Purchase of clothing for resale

Margaret Kyeremaah

Berekum, Ghana

22% repaid

Entrepreneur

Name

Margaret Kyeremaah

Member since

November 2015

On-time repayments

121 installments  •  67%

About Me

I am rarely known by the name Margaret Kyeremaa; this is because people normally call me Madam Business. Life has not been easy before the intervention of Zidisha and its noble lenders. I started life in a town called Berekum in the Brong Ahafo Region of Ghana. I completed basic school in one of the schools in the town and furthered to finish secondary school. After completion, and hoping to further the breadwinner of my family, my father lost his job and this led to thinking and stress and later he lost his life as well. It was not easy for our family since none of my siblings was able to finish school. We all started to fight for ourselves in life and relying for success on hope and miracles. I started some petty trading whereby I sell on the streets and to various homes. This led to further initiative to open my small store at a vantage point to attract customers and buyers. I hope to further my education anytime soon since business is picking up now.

My Business

Life treated me badly on the part of education, hence I decided to enter into business for survival. In our part of the world, it is difficult to excel in business since there is no motivation and resource development. Business, on the other hand to education, is the establishment of oneself to the benefit of the society, Both the initiator and the environment receives benefit.

My store is located in Berekum, a town in the Brong Ahafo. The specific location is at Kyiribaa where I sell daily consumables like breakfast products, detergents and provisions. These products that I retail to my community are very useful because people use them daily. That is why I have named it daily consumables. Their demand is very urgent, for example: sugar, toilet roll, bread, milk, soap, etc.

Cost and revenue functions are important in establishing how profitable the business is. My capital was very little since I started the business with 1000 Ghanaian Cedis 3 years ago. With the help of Zidisha, I have been able to raise the stock and asset level to 3500 Ghanaian Cedis now. My expenses are: my daily consumables, utility bills and a helping hand I give to my younger brother and sister for their school fees. Some investment has been made with the remaining profit in purchasing of secondhand clothing and reselling it. These clothes are highly purchased in our part of the world. I have started and the business is moving on smoothly.

Loan Proposal

I wish to state categorically that i need a loan from Zidisha to purchase second hand clothing for resale. In our part of the world, people are interested in second hand clothing
So a loan of 3500 and above will go a long way to help puchase clothing to cover from children, youth, aldult and old age. People in my community harlldly move to market centers for purchase, hence when i get products closer to them will help me alot.

Show original English  

About Me

I am rearly known by the name Margaret Kyeremaa this is because people normally call me madam business. Life has not been easy fore less the intervention of Zidisha and its noble lenders. I started life in a town called Berekum in the Brong Ahafo Region Ghana. I completedy basic school in one of the schools in the townand furthered to finish Secondary school. After completion and hoping to further the bread winner of my family thus father lost his job and this lead to thinking and stress and later lost his life as well. It was not easy for our family since none of my siblings was able to finish school. We all started to fight for ourselves in life and relying sucess on hope and miracles. I started some petty trading whereby i sell on the streets and various homes. This lead to further initiative to open my small store at a vantage point in Other yo attract cuatomers and buyers. I hope to further my education anytime soon since business is picking up now.

My Business

Life treated me badly on the part of education hence i decided to enter into business for survival.In our part of the world, is difficult to excel in business simce there are no motivation and resource development. Business on the other hand to education is the establishment of oneself to the benefit of the society with which both the initiator and the environment receives benefit. My store is located in Berekum a town in the Brong Ahafo. Specific location is at Kyiribaa where by i sell daily consumables like breakfast products, detergents and provisions. These products i retail to my community are very useful because they use them daily that i why i have named it dily consumables. Their demand is very urgent example sugar, toilet roll, bread, milk, soap, etc. Cost and reenue functions are important in establishing how profitable or loss the business is. My capital was very less since i started the business with 250$ 3 years ago. With the help of zidisha i have been able to raise the stock and Asset level to about 900 US dollars as at now. My expenses are my daily consumables, utility bills and a helping hand i give to my younger brother and sister thus their school fees.Some investment are been made with the remaining profit in purchasing of secomd hand clothing and reselling. These clothing are highly purchased in our part of the world. Have started and business is moving on smoothly. I have opened a new store where i sell this clothing. I would like to purchase a bale of clothing which cost about 700 US dollars. After sales the principal and the profit is estimated about 100 dollars which is a good business.

Loan Proposal

I wish to state categorically that i need a loan from Zidisha to purchase second hand clothing for resale. In our part of the world, people are interested in second hand clothing
So a loan of 3500 and above will go a long way to help puchase clothing to cover from children, youth, aldult and old age. People in my community harlldly move to market centers for purchase, hence when i get products closer to them will help me alot.

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Loan Info

Project Type

Classic Loan

Disbursed amount

$409.51

Date disbursed

Apr 30, 2018

Repayment status

Late

Projected term

6 months

Cost to entrepreneur

Service fee: $11.52

Credit risk payment: $23.04

Lenders

Umair Mahmood

Raleigh, United States

Kjartan

Oslo, Norway

A

AJCortens

Boise, ID, United States

T

Tallago3

Munich, Germany

johnandmoliehi

Canton, New York, United States

T

timdever

Batesville, United States

S

SelvaMarcus

Green Cove Springs, United States

Raymondo

Dublin, Ireland

tasos

hove, United Kingdom

B

blairan

Baltimore, United States

H

hanh352

Homosassa, United States

athomas

Chevy Chase, United States

gbnbca

Janeville, Canada

A

Alexandre

Sherbrooke, Canada

H

HildeK

Rogaland, Norway

IA

Ismini and Jerry

Stamford, USA, United States

Namaste250

Pittsford, United States

W

Woodyrocks

London, United Kingdom

L

loistf

Madrid, Spain

B

BClay

Campbell, United States

mauroandmichelle

Montreal, Canada

L

leeirel

Edmonton, Canada

panamaman

Philadelphia, United States

nmatpt

Lisboa, Portugal

H

HomesteadSchool

Glen Spey, United States

JPadgett

Chandler, United States

P

Pavane

Kungsbacka, Sweden

ibc123

Seattle, United States

MrCane

Montevideo, Uruguay

J

jinx83

Brisbane, Australia

kalidanthepalidan

Denver, United States

L

lenders

United States

T

tengbao

United States

M

meric

Australia

T

tiojoca

Portugal

joshuacollinson

Vienna, Austria

GMc50

Australia

B

blambert

United States

V

vbud

United States

W

wesbh89

United States

K

Keith

Luxembourg

Jamal Hamou

Cascadia, Canada

S

Scaevola

Netherlands

R

ross22

United States

S

Stephan

Netherlands

KM

KHS Microfinance

Tampa, United States

KM

Kirsty M

United Kingdom

N

Niels

Berlin, Germany

Cassian Opara

London / Dubai, United Arab Emirates

W

Wade

United States

Elly

Woudrichem, United Kingdom

Julia

United States

ME

Manaal Eisa

Washington DC, United States

IH

Ian Hearn

United States

PT

Paul T

Amsterdam, Netherlands

TH

tom hd

United Kingdom

Carla

Amsterdam, Netherlands

PR

Paul Rausch

United States

KJ

Kevin Jones

United States

MG

Mike G

United States

Eszti

Budapest, Hungary

N

Nino

Switzerland

JM

Jo McDonnell

United Kingdom

Christopher Hey

Sudbury, Canada

Wayne G

United States

NR

Nick Rioux

United States

JO

Johan O

Borlänge, Sweden

Thomas

Sweden, Sweden

Max B

Saint Louis, United States

Charles Burgess

United States

V

Vidar

Oslo, Norway

A

Anonymous

United States

Paul Buchheit

Mountain View, United States

DO

Denis Ontiveros

Guildford, United Kingdom

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