Loan to purchase stock of bedsheets to resell

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

With the new loan if am privileged, I will continue to invest in the bedsheets since you don't change the winning team and with about five hundred and fifty dollars I go for a single or students size mattress bedsheets since school will soon resume to supply to the schools and it will give me not less than thirty percent profit which will help expand the business and help take care of social responsibilities.

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.

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Loan Info

Project Type

Classic Loan

Disbursed amount

$542.24

Date disbursed

Aug 19, 2016

Repayment status

On Time

Projected term

3 months

Cost to entrepreneur

Service fee: $13.29

Lenders

Paul Buchheit

Mountain View, United States

The Zinc Team

San Francisco, United States

A

Anonymous

United States

A

Anonymous

United States

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