Bright Mensah Adomako
17 weekly installments • 24%
My name is Bright Mensah Adomako and I am 32 years of age. I am married with a child. Growing up was not easy as I lost both parents at earlier stage in life when I was a kid. I and my two siblings was raised by my aunty. I have completed Shs at Collins Shs at Agogo and ever since because of lack of funds I decided to learn some trading. Now I have a boutique where I used to sell clothes to support the family. I don't want my children to suffer so I am working hard so one day my child will not suffer as I did. My only son wants to become Doctor and it inspire me to do more in life to help his wish come true. Way back in school I used to play football as a hobby.
I own a boutique and sell clothes, rings, shoes, sandals, and other self accessories for fashion. The sales of these items is very good as it generates profit and with a little support I would be able to expand the business and employ more apprentices. At occasions and normal functions the purchase of these goods are very high and much funds are gained within these periods.
The loan I am applying for would help me stock my shop with clothes forsale as the demand is very high. Now the sales of clothing is fetching me profit and with this loan I would be able to to top up stock in order to raise stock to help my business.
I would be paying this loan from my profit I get from the sales of clothing and I would make sure I pay the loan back on time to prevent further default.
Mar 4, 2021
Cost to entrepreneur
Service fee: 5% of $257.92 = $12.15
Credit risk payment: $36.46
Optional expediting fee: $24.30