Loan to purchase stock of bedsheets to resell
Igwe
Accra, Ghana
100% repaid
Entrepreneur
Name
Igwe
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.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$542.00
Date disbursed
Aug 19, 2016
Repayment status
On Time
Projected term
3 months
Other loans
Lenders
Hong Kong
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Dean Suminski Sep 26, 2017
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