Purchase of fabrics

Leonard

Obuasi, Ghana

100% repaid

Entrepreneur

Name

Leonard

Member since

May 2015

On-time repayments

209 installments  •  94%

About Me

I am Leonard Ampofo, 26 years old. I am the second child in a family of four. I had my basic education at Obuasi in the Ashanti Region, and continued on to the senior-high level at Cape Coast in the Central Region. I then proceeded to the University for Development Studies at Wa in the Upper-West Region of Ghana, where I studied Environment and Resource Management.

After years of job searching proving futile, I began to combine what l had learned during my four years at the University with one of the talents in my family. We are gifted with the talent of designing African wear; we use African traditional prints to make clothing. Ghana has a convergence of many tribes, making it a beautiful atmosphere in which to enjoy the differences of the various ethnic groups. I am self-employed, designing and making African wear. I entered this business due to my passion for African clothing made from African prints, and because of my desire to become a successful entrepreneur in the near future. My hobbies are reading, swimming, preaching and listening to sermons.

My Business

I design and make clothing. I have been doing this for over 3 years. I design and sew both women's and men's clothing, and I also sew school uniforms. I combine various African and foreign prints to produce unique designs for individual and retail customers. The clothing also is unique because I combine the traditional with the modern. My products are of good quality, and my clients prefer that I also make clothes for those whom they refer to me. I have 3 apprentices helping me. My goods are in high demand because my pricing is fair. People prefer to buy from me because I offer them credit, especially salaried workers. My typical costs are: $100 monthly for water and electricity, and $60 monthly to rent two shops. On average, I make a revenue of about $500. So, my net profit is $340 in an average month. My profit is used for paying my siblings' school fees and for buying more fabric for my business.

Loan Proposal

This loan, when fully funded, will be used to purchase fabrics for my work. This will pave the way to increase my products(output) hence meeting individual-customer and retail-customer demand. I will buy different types of fabrics at a cost of $567.782, and will spend $150 for machine servicing and maintenance whilst $100 will be used to purchase threads for my work. This will help increase my products(output) and is expected to increase my profit by 45%.

REPAYMENT
I will pay back my loan from income I earn from my daily sale

Show original English  

About Me

I am Leonard Kwadwo Ampofo, 30years of age. I am married with a child. I had my Basic Education at Obuasi in the Ashanti Region and furthered on to the Senior High level at Cape Coast in the Central Region. I then proceeded to the University where i read Environment and Resource Management at the University for Development Studies at Wa in Upper West Region of Ghana.
After years in search for job proving futile i begun to bring to bear what l learnt four years at the University with a gift of my entire family. My family is gifted with the talent of designing african wear using african traditional prints. Ghana has a convergent of all the tribes making it a beautiful atmosphere to enjoy the differences in the various ethnic groupings. am a self-employed. I Design and produce African wears . I entered this business due to my passion for african wear with african prints and my desire of becoming a great entrepreneur in the near future.
My hobbies are reading, swimming, preaching and listening to sermons .

My Business

I am into clothing production . I have been doing this for over 7years. I design and sew both women and men clothing and also sew school uniforms. I blend various african prints and foreign prints to come out with a unique design for my customers and retailers . My products are of good quality and my clients prefer that I get more referrals from my clients. I have 3 apprentices.
My goods are high in demand because pricing is comparatively fair. The clothing are unique as i blend modernity with the tradition.
People prefer to buy my clothing because i offer them on credit especially to salaried workers.
My typical cost are $100 into water and light bills. $80 for monthly rent for two shops. Averagely, i make revenue of about $600. So my net profit is $440 for a month.
My profit is used for basically taking care of my nuclear family, assisting in paying of school fees of my siblings and buying more fabrics for my work.

REPAYMENT
I will pay back my loan through my daily sales.

Loan Proposal

This loan, when fully funded, will be used to purchase fabrics for my work. This will pave the way to increase my products(output) hence meeting individual-customer and retail-customer demand. I will buy different types of fabrics at a cost of $567.782, and will spend $150 for machine servicing and maintenance whilst $100 will be used to purchase threads for my work. This will help increase my products(output) and is expected to increase my profit by 45%.

REPAYMENT
I will pay back my loan from income I earn from my daily sale

Feedback

17

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  • BernadetteV    Jul 27, 2019

    It’s always a very positive experience to lend to Leonard. This was my seventh loan to him. He works very hard and is serious with his regular repayments.

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  • BernadetteV    Dec 18, 2018

    My sixth loan to Leonard. It's always a pleasure to lend to him. Thanks for your regular repayments.

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  • nicole    Dec 4, 2018

    My FIFTH (!!!) loan to Leonard -- still recommended!!

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  • nicole    Sep 15, 2017

    My fourth loan to Leonard -- highly recommended!!

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  • BernadetteV    Sep 15, 2017

    Leonard repaid exactly as he had promised. All his repayments were on time during almost a year. It is always a pleasure to lend to him.

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  • James    Aug 28, 2017

    Loan again repaid in full.

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  • (Comment deleted by author)



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Loan Info

Project Type

Classic Loan

Disbursed amount

$1,139.00

Date disbursed

Sep 25, 2017

Repayment status

On Time

Projected term

19 months

Lenders

nicole

Worcester, Ma, United States

J

Joggele

Austria, Austria

V

Vivek

Arlington, VA, United States

R

Rembrandt

United Kingdom

PG

Paul Graham

United States

Akirahugo

Dortmund, Germany

Elise E

United States

Craig Newmark

United States

Paul Buchheit

Mountain View, United States

A

Anonymous

United States

CN

Craig Newmark

United States

JG

Jake Gibson and Beverly Picardo

San Francisco, United States

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

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Summary

Amount repaid

$1,138.77

Amount remaining

$0.00

Date repaid

Dec 4, 2018

Status

Fully repaid

Repayment History

Expected Payments Actual Payments
Oct 8, 2017 $13.79 Oct 8, 2017 $13.79
Oct 15, 2017 $13.79 Oct 15, 2017 $13.79
Oct 22, 2017 $13.79 Oct 22, 2017 $13.79
Oct 29, 2017 $13.79 Oct 29, 2017 $13.79
Nov 5, 2017 $13.79 Nov 5, 2017 $13.79
Nov 12, 2017 $13.79 Nov 12, 2017 $13.79
Nov 19, 2017 $13.79 Nov 19, 2017 $13.79
Nov 26, 2017 $13.79 Nov 26, 2017 $13.79
Dec 3, 2017 $13.79 Dec 3, 2017 $13.79
Dec 10, 2017 $13.79 Dec 10, 2017 $13.79
Dec 17, 2017 $13.79 Dec 17, 2017 $13.79
Dec 24, 2017 $13.79 Dec 24, 2017 $13.79
Dec 31, 2017 $13.79 Dec 31, 2017 $13.79
Jan 7, 2018 $13.79 Jan 7, 2018 $13.79
Jan 14, 2018 $13.79 Jan 14, 2018 $13.79
Jan 21, 2018 $13.79 Jan 21, 2018 $13.79
Jan 28, 2018 $13.79 Jan 28, 2018 $13.79
Feb 4, 2018 $13.79 Feb 4, 2018 $13.79
Feb 11, 2018 $13.79 Feb 11, 2018 $13.79
Feb 18, 2018 $13.79 Feb 18, 2018 $13.79
Feb 25, 2018 $13.79 Feb 25, 2018 $13.79
Mar 4, 2018 $13.79 Mar 4, 2018 $13.79
Mar 11, 2018 $13.79 Mar 11, 2018 $13.79
Mar 18, 2018 $13.79 Mar 18, 2018 $13.79
Mar 25, 2018 $13.79 Mar 25, 2018 $13.79
Apr 1, 2018 $13.79 Apr 1, 2018 $13.79
Apr 8, 2018 $13.79 Apr 8, 2018 $13.79
Apr 15, 2018 $13.79 Apr 15, 2018 $13.79
Apr 22, 2018 $13.79 Apr 22, 2018 $13.79
Apr 29, 2018 $13.79 Apr 29, 2018 $13.79
May 6, 2018 $13.79 May 6, 2018 $13.79
May 13, 2018 $13.79 May 13, 2018 $13.79
May 20, 2018 $13.79 May 20, 2018 $13.79
May 27, 2018 $13.79 May 27, 2018 $13.79
Jun 3, 2018 $13.79 Jun 3, 2018 $13.79
Jun 10, 2018 $13.79 Jun 10, 2018 $13.79
Jun 17, 2018 $13.79 Jun 17, 2018 $13.79
Jun 24, 2018 $13.79 Jun 24, 2018 $13.79
Jul 1, 2018 $13.79 Jul 1, 2018 $13.79
Jul 8, 2018 $13.79 Jul 8, 2018 $13.79
Jul 15, 2018 $13.79 Jul 15, 2018 $13.79
Jul 22, 2018 $13.79 Jul 22, 2018 $13.79
Jul 29, 2018 $13.79 Jul 29, 2018 $13.79
Aug 5, 2018 $13.79 Aug 5, 2018 $13.79
Aug 12, 2018 $13.79 Aug 12, 2018 $13.79
Aug 19, 2018 $13.79 Aug 20, 2018 $13.79
Aug 26, 2018 $13.79 Aug 26, 2018 $13.79
Sep 2, 2018 $13.79 Sep 2, 2018 $13.79
Sep 9, 2018 $13.79 Sep 2, 2018 $13.79
Sep 16, 2018 $13.79 Sep 2, 2018 $13.79
Sep 23, 2018 $13.79 Sep 2, 2018 $13.79
Sep 30, 2018 $13.79 Sep 30, 2018 $13.79
Oct 7, 2018 $13.79 Oct 7, 2018 $13.79
Oct 14, 2018 $13.79 Oct 7, 2018 $13.79
Oct 21, 2018 $13.79 Oct 14, 2018 $13.79
Oct 28, 2018 $13.79 Oct 28, 2018 $13.79
Nov 4, 2018 $13.79 Nov 3, 2018 $13.79
Nov 11, 2018 $13.79 Nov 3, 2018 $13.79
Nov 18, 2018 $13.79 Nov 18, 2018 $13.79
Nov 25, 2018 $13.79 Nov 27, 2018 $13.79
Dec 2, 2018 $13.79 Nov 27, 2018 $13.79
Dec 9, 2018 $13.79 Dec 4, 2018 $13.79
Dec 16, 2018 $13.79 Dec 4, 2018 $13.79
Dec 23, 2018 $13.79 Dec 4, 2018 $13.79
Dec 30, 2018 $13.79 Dec 4, 2018 $13.79
Jan 6, 2019 $13.79 Dec 4, 2018 $13.79
Jan 13, 2019 $13.79 Dec 4, 2018 $13.79
Jan 20, 2019 $13.79 Dec 4, 2018 $13.79
Jan 27, 2019 $13.79 Dec 4, 2018 $13.79
Feb 3, 2019 $13.79 Dec 4, 2018 $13.79
Feb 10, 2019 $13.79 Dec 4, 2018 $13.79
Feb 17, 2019 $13.79 Dec 4, 2018 $13.79
Feb 24, 2019 $13.79 Dec 4, 2018 $13.79
Mar 3, 2019 $13.79 Dec 4, 2018 $13.79
Mar 10, 2019 $13.79 Dec 4, 2018 $13.79
Mar 17, 2019 $13.79 Dec 4, 2018 $13.79
Mar 24, 2019 $13.79 Dec 4, 2018 $13.79
Mar 31, 2019 $13.79 Dec 4, 2018 $13.79
Apr 7, 2019 $13.79 Dec 4, 2018 $13.79
Apr 14, 2019 $13.79 Dec 4, 2018 $13.79
Apr 21, 2019 $13.79 Dec 4, 2018 $13.79
Apr 28, 2019 $13.79 Dec 4, 2018 $13.79
May 5, 2019 $8.04 Dec 4, 2018 $8.04

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