Purchase of more stock

Igwe Simon Peter

Accra, Ghana

100% repaid

Entrepreneur

Name

Igwe Simon Peter

Member since

March 2015

On-time repayments

243 installments  •  50%

About Me

Igwe Simon peter, born June 03, 1974 to the late Mr peter Igwe who died in august 1999
( may his gentle soul rest in peace )and second in the family of five ( 3 men and 2 women ) and had my primary , middle and o'" level in volta region precisely Aflao and
Denu near the Lome - Togo boarder with grade one ( aggregate 16 to be precised ) and later joined my uncle to be mentored in business with the hope of starting up mine soon and with the little savings I decided to move into the sales of bedsheets and curtains by retailing them to schools hospitals etc. Accra is unique because you are always challenged to be creative and hard working but the utmost is watching kids doing better than me in life
Igwe likes reading christian literature and watching football and of course Barcelona matches when am less busy and occasionally play drought with friends.

My Business

I deal in used clothing and bed sheets at Katamanto Accra with company registration name ( rolltex venture ) and beds sheets move fast like food every because every home, schools and hotels etc need as is very vital from the beginning I started the business with the sum of ten thousand Ghana Cedis (GH10.000) about two thousand four hundred according to the prevailing rate and now with the minimum monthly turn over of fifty thousand Ghana Cedis and i like these items because they move fast as, with any increase from the sale I begin with payment of tithe then invest some ,pay school fees and at times other social responsibilities not forgetting the less privileges and orphanages .

Loan Proposal

I intend to use this amount ( $100) to buy more bales of used bedsheets which a bale of 55kg from London ( UK ) costs ghc450 ( $120 ) to meet up with many demands ( schools , hostels and the white bedsheets for hospitals ) and out of this it will generate a profit of about 20% from the proceed and as it keeps growing i intend to engage more labour in to minimize the unemployment and also as time goes on, helping the less privilege especially sowing a seed to an orphanage at teshie - nungua (Accra suburb) .

Feedback

1

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  • Dean Suminski    Sep 26, 2017

    Congratulations on paying off your loan! I feel more comfortable already with new sheets.

    Log in to reply • Share


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Loan Info

Project Type

Classic Loan

Disbursed amount

$93.50

Date disbursed

Apr 25, 2015

Repayment status

On Time

Projected term

6 weeks

Cost to entrepreneur

Service fee: $2.41

Igwe opted to pay $6.33 into the Zidisha Members Loan Fund in return for a higher starting credit limit.

Lenders

Paul Buchheit

Mountain View, United States

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