Refinancing and expanding my business

Eunice Sam

Accra, Ghana

100% repaid

Entrepreneur

Name

Eunice Sam

Member since

March 2021

On-time repayments

51 installments  •  31%

About Me

Hello I'm Eunice an entrepreneur and i'm currently running about 3 business and they are clothing, Cosmetics and Food. Because of the level of unemployment rate in the country, I started with my business right after my University education because i didn't want to join the unemployment association after school and so i got my self employed and and God being so good i got support from family and friends to raise some start up capital to start the business and I have been able to support my family and friends with the income i make by helping them to pay school fees and for their upkeep. But Since the covid19 started, it has affected the business negatively and i will need financial assistance to refinance and the expan it as well. Im planning to venture into agribusiness by farming vegetables. So i will need your financial support to make this dream come to pass.

My Business

I have a clothing business which i sell kids fashion, Men's fashion, and ladies fashion, Cosmetics, perfumes and more. I recently added cooked food which is mainly snacks and im looking forward to expand the business to a big shopping center where customers can get variety of stuffs to buy when they enter.

Loan Proposal

I would like to continue promoting my business by running ad with this money since is yielding good results and increasing sales.

Income Source

It is true many business face risks in the current economic climate but I assure you I will be able to pay back the loan because of income I receive from investment in addition to the income i received from the business as well and my family are ever ready to support me to pay in times of difficulties

My Videos

May 31, 2021: Video of myself in my work location

Feedback

1

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Loan Info

Project Type

Classic Loan

Disbursed amount

$143.76

Date disbursed

Mar 21, 2021

Repayment status

Late

Projected term

1 week

Cost to entrepreneur

Service fee: $5.06

Credit risk payment: $13.29

Optional expediting fee: $10.13

Lenders

Cloudways

Malta, Malta

Dave Bogard

New York, United States

Yegor

Victoria, Canada

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