Replenish second-hand clothing shop

Veronica Kwaku

Prampram, Ghana

100% repaid

Entrepreneur

Name

Veronica Kwaku

Member since

June 2014

On-time repayments

84 installments  •  49%

About Me

My name is Veronica Kwaku, born to Mr Bright Kwaku and Madam Ernestine Ago. i live at Prampram, a city residence located in the Greater Accra region of Ghana. I started my basic education in Tema in the year 1996 and completed in the year 2002. after that I entered into apprenticeship of hair dressing for period of three years. From there I worked at a guest house in Prampram for six months; then I proceeded to work as a Receptionist at a textile company in Tema for a period two years. Later I started working on my own as a business woman who deals in second hands cloths .

My Business

My dream is to expand my second hand clothing business and later open a cosmetics shop.
I have a new container that I plan to use in the future. Currently I have rented a piece of land at a vantage point near the Mandela Road and have have temporarily installed a small shop made of wood. This is where I do business for now. I have being operating this second shop for four month now and it is doing quit well.

I would like to use the zidisha loan to replenish my stock and in the future replace the wooden and include sales of cosmetics.

My source of income in this business will be used to repay the loan.

Loan Proposal

I would like to use this loan to replenish my second-hand clothing shop. I would buy the loan's amount of second-hand clothing. I have been selling female clothing all this while. This time, however, I would include the male's line of clothing for the first time. I am encouraged by the steady growth in sales so I feel confident that I would be able repay this loan on time.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$159.67

Date disbursed

Jul 2, 2014

Repayment status

On Time

Projected term

7 months

Cost to entrepreneur

Lender interest: $159.67 at 3.71% annual rate over 7 months = $3.87

Service fee: $2.03

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