Reselling slightly used clothes to fund my course

Okai

Tafo-kumasi, Ghana

9% repaid

Entrepreneur

Name

Okai

Member since

February 2017

On-time repayments

46 installments  •  48%

About Me

My name is Okai Kofi from Tafo -Kumasi in the Ashanti Region. I come from a family of seven children, four girl and three girls. I am the first born and had to support my aged parents take care of my other siblings. My parents are farmers and very aged so many responsibilities had bafall me. I started my education at St. Joseph international school in Tafo-Pankrono where I had my Junior High school education. I did excellently well in the Basic Education Certificate Examination. I went to Prempeh College for my Senior high school education and did marvellously well in the WASSCE. After prempeh college i went to Kwame Nkrumah University of science and technology to pursue a degree in Biochemistry where i graduated with second class honours. I did a one year national service at Centre for scientific And Industrial Research (CSIR) at Fumesua in kumasi, off the Accra road.
After my national service, i have had a turbulent task on landing on a job. All effort to secure a job has proven futile. Graduate unemployment is a big problem for the Ghanaian government. There are more graduates like myself without jobs and the only alternative we have is to start our own small business and grow it.
When things became unbearable and even the money to secure three square meals was a problem, i decided to put my certificate somewhere and start selling second hand clothes on the streets of Tafo, Pankrono, Ahwiaa and surrounding communities.
My business grew quickly and i have gain much from it to support my Junior siblings in the realisation of their academic potential. I have started a three year postgraduate course in haematology at KNUST in kumasi by distance mode.
I want my children to have the best of education so that they will be responsible adult and contribute significantly in the development of their country and improve the world and make it a better place.

My Business

I sell second-hand clothings in Tafo, Pankrono, Ahwiaa, Medoma and other surrounding communities in the kumasi metropolis. I have a large number of customers and i come across new customers each day because I go to them with my goods. Goods at your door-steps. My goods are quality and affordable and all people from different financial background can buy my goods. My second hand clothes are in high demand because I have different and many customers and i even make new customers on daily basis. 600 dollars good can give me a profit margin of 120 dollars on weekly basis. My revenue generation sometimes goes up when things are better. I reinvest the revenue into the business and use the rest to pay for my second degree haematology course at KNUST.
I also support my Junior siblings sometimes.

Loan Proposal

The loan will be used to secure more slightly used clothes to resell and generate enough revenue to take care of my second degree programme. Procuring more goods will help me to expand my business and make enough returns so that i can fund my course and complete on time. I need 600 dollars to procure more goods to expand my business in order to make much profit. I will get a lot of benefits from this loan because it will afford my the opportunity to get more goods to resell which will maximise my profits so that I can shape my business and grow it.
The loan when given will help me to get more goods to sell and double my everyday earnings so that my business revenue will be improved.

Feedback

None

None

None

Loan Info

Project Type

Classic Loan

Disbursed amount

$279.00

Date disbursed

Aug 25, 2017

Repayment status

Late

Projected term

5 months

Other loans

Lenders

A

alfredo

Bremen, Germany

C

Christian

Saarbruecken, Germany

C

CThelper

Guilford, United States

M

Meckel

Boulder, United States

AltruisticSelfishnes

Chicago, United States

ErikN

Stockholm, Sweden

KyRoamer

Louisville, Kentucky, United States

AndreaBravi

London, UK, Canada

F

FHult

Stockholm, Sweden

T

Tallago3

Munich, Germany

Pere

Barcelona, Spain

johnandmoliehi

Canton, New York, United States

G

guenter

Bremen, Germany

M

mogensh

København V, Denmark

Svenip

Vienna, Austria

R

rmacaw

Australia

B

briansedz

Canton, Ohio, United States

Jacob Hedegaard

Risskov, Denmark

Cloudways

Malta, Malta

S

Scordato

Mattituck, United States

McJulio

New Jersey, United States

swendl

Iowa, United States

J

jerryq

Redding, United States

Eduard

Dnepr, Ukraine

A

Andy

Berlin, United States

G

glh25

Winooski, United States

fairspirit

Utrecht, Netherlands

Bobrm2k3

Charleston, United States

BF

Bob Fitzjohn

Fontvielle, Monaco, Yemen

CA

Chris and Janet

Portland, OR USA, United States

indrayudha

Jakarta, Indonesia

gseletko

South Perth, Australia

P

Pavane

Kungsbacka, Sweden

JonB

London, United Kingdom

soniad

Dubai, United Arab Emirates

M

MarkKrakow

Joliet, United States

Evan Lamos

Brussels, Belgium

sderickson

Berkeley, CA, United States

D

drorm

United States

J

jmwinga

Denver, United States

T

tommychheng

san francisco, United States

D

DandS

United States

G

GayleR

United States

joshuacollinson

Vienna, Austria

R

Ryeguy

United States

mepster

San Francisco, Ca, United States

johnhudson

Washington, DC, United States

R

RonEddy

United States

B

bscent

Hong Kong

C

ccs36

United States

T

Tim47

United States

K

Keith

Luxembourg

Otto Barten

Amsterdam, Netherlands

S

satheajay

United States

B

Bennphoto

United Kingdom

SV

sven vdk

Twickenham, United Kingdom

TheGoodData

London, United Kingdom

PolarBearCapital

United States

N

NeoOzymandias

United States

Mike and Jacqui

United Kingdom

HL

Holly Laird

Austin, United States

S

Stephan

Netherlands

KM

Kirsty M

United Kingdom

Dave Bogard

New York, United States

W

Wade

United States

P

Patty

Colorado Springs, United States

Dominik Wagner

Karlsruhe, Germany

H

Hazel

United Kingdom

Elly

Woudrichem, United Kingdom

H

Hank

New Zealand

The Bayiates Family

Chicago, IL, United States

Lou Kaucic

Sanbornton, NH, United States

JM

John Myers

United States

Kevin

San Francisco, United States

NH

N Holt

United States

JD

Jeff DePree

United States

YM

Yelka Mikolji

United States

ME

Manaal Eisa

Washington DC, United States

CNV

United States

Cristina Huesch

Canberra, Australia, Australia

AH

Adam Hill

United States

Carla

Amsterdam, Netherlands

KM

Keir M

London, United Kingdom

SG

Sharon G

Portland, United States

N

Nick

Greater London, United Kingdom

P

patricio

Yorba Linda, Ca, United States

N

Nick

United States

AK

Achim Königs

Bonn, Germany

Tobias Königs

Sancta Colonia Dei Gratia Romanae Ecclesiae Fidelis Filia, Germany

Eugen Stamm

Zurich, Switzerland

Christopher Hey

Sudbury, Canada

Taylor

Memphis, United States

Cliff

United States

AG

abel ghita

Bucharest, Romania, Italy

UK

Uday Kolluri

New York, Singapore

Thomas

Sweden, Sweden

Y

YTSJ

London, United Kingdom

V

Vidar

Oslo, Norway

S

Stephanie

Zurich, Switzerland

H

Huub

Switzerland

M

Magnus

Switzerland

E

Elynne

United States

RG

Ravi Gadad

United States

Rick

United States

Stuart

London, United Kingdom

Craig Newmark

United States

M

Marama

Australia

Benjamin Kniaz

Boston, United States

Humble Bundle Community

San Francisco, United States

MF

Mike Frawley

United States

JA

Joshua Axtell

United States

V

VJ

Canberra, Australia

HCPSPIRIT

Helsinki, Finland

GS

Gary Sinard

Franklin, TN, United States

R

Raffins

United States

GC

Gabriel Collins

United Kingdom

M

Marco

United Kingdom

R

RMIM

United States

SS

Sarah sewall

United States

Mike

Indianapolis, United States

Martha Fleury

Bethesda, MD, United States

CA

Carles Alcolea

Barcelona, Spain

Paul Buchheit

Mountain View, United States

A

Anonymous

United States

John Barnett

United States

Nethanel Kohen

NYC, United States

CN

Craig Newmark

United States

JG

Jake Gibson and Beverly Picardo

San Francisco, United States

HB

Hugo Boss

United Kingdom

BL

Bill Lowery

United States

BB

Brad Brunz

United States

H

Haley

United States

RD

Roel De Meester

Antwerpen, Belgium

Greg DeKoenigsberg

Durham NC, United States

K

Khoa

United States

R

Richard

United Kingdom

DY

David Yang

Vancouver, Canada

G

Gabi

Turkey

Ask Okai a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.

Loading...

Loading...

Loading...