John
Kumasi, Ashanti Region, Ghana
100% repaid
Name
John
Member since
October 2015
On-time repayments
119 installments • 100%
l was born at Bonwire, Ghana, where l grew up and went to high school. l settled into selling of Kente clothes when l couldn't continue my education due to my financial problem. l started my own business after raising a small amount of money. l rented a store where buyers usually come to buy Kente in person or can order in bulk. Kente weaving is a traditional occupation of the people of Bonwire, particularly for the males. Traditionally, most people at Bonwire are automatic weaver of Kente clothes. It's very interesting. Other than that, l am a footballer and I enjoy it very much.
l engage in retail sale of Kente cloth in my store. Kente cloth is a colorful masterpiece art work which is mostly used by people during festive seasons such as wedding, engagement, naming ceremony, festivals and even funerals. I chose to sell Kente because it is a native occupation and l know the know-how and am adroit at Kente production and sales. Prices of Kente clothes usually range from $50.76 to $507.63 equivalent to GHs 200 to GHs 2000 depending on the complexities of the designed employed in the clothes. l will use the loan that Zidisha will provide to buy more Kente from Kente producers. Kente is a type of silk and cotton fabric made of interwoven cloth strips and is the icon of African cultural heritage around the world.
The amount will be specifically used to purchase six sets of clothing in the different combination category. Each costing $ 126.91 (GHs. 500). This will give me more advantage by increasing my capital for ready market business. yes indeed the loan is for business and a sale of a cloth could give me a profit of $20.31 (GHc. 80) for each "
l will use the loan to more already made kente cloths, retail them in my kente store for sale. the requested amount can purchase 6 different set of the cloth each costing about $126 dollars
Positive
None
Neutral
None
Negative
None
Project Type
Classic Loan
Disbursed amount
$842.00
Date disbursed
Jan 23, 2017
Repayment status
On Time
Projected term
7 months
Other loans
Amount repaid
$829.08
Amount remaining
$0.00
Date repaid
Sep 11, 2017
Status
Fully repaid
Expected Payments | Actual Payments | ||
---|---|---|---|
Feb 5, 2017 | $12.03 | Feb 5, 2017 | $12.03 |
Feb 12, 2017 | $12.03 | Feb 12, 2017 | $12.03 |
Feb 19, 2017 | $12.03 | Feb 19, 2017 | $12.03 |
Feb 26, 2017 | $12.03 | Feb 26, 2017 | $12.03 |
Mar 5, 2017 | $12.03 | Mar 5, 2017 | $12.03 |
Mar 12, 2017 | $12.03 | Mar 12, 2017 | $12.03 |
Mar 19, 2017 | $12.03 | Mar 19, 2017 | $12.03 |
Mar 26, 2017 | $12.03 | Mar 26, 2017 | $12.03 |
Apr 2, 2017 | $12.03 | Apr 2, 2017 | $12.03 |
Apr 9, 2017 | $12.03 | Apr 10, 2017 | $12.03 |
Apr 16, 2017 | $12.03 | Apr 17, 2017 | $12.03 |
Apr 23, 2017 | $12.03 | Apr 23, 2017 | $12.03 |
Apr 30, 2017 | $12.03 | Apr 30, 2017 | $12.03 |
May 7, 2017 | $24.07 | May 7, 2017 | $24.07 |
May 14, 2017 | $24.07 | May 14, 2017 | $24.07 |
May 21, 2017 | $24.07 | May 22, 2017 | $24.07 |
May 28, 2017 | $24.07 | May 28, 2017 | $24.07 |
Jun 4, 2017 | $24.07 | Jun 5, 2017 | $24.07 |
Jun 11, 2017 | $24.07 | Jun 12, 2017 | $24.07 |
Jun 18, 2017 | $24.07 | Jun 18, 2017 | $0.24 |
Jun 18, 2017 | $23.83 | ||
Jun 25, 2017 | $24.07 | Jun 18, 2017 | $0.24 |
Jun 26, 2017 | $23.83 | ||
Jul 2, 2017 | $24.07 | Jun 26, 2017 | $0.24 |
Jul 3, 2017 | $23.83 | ||
Jul 9, 2017 | $24.07 | Jul 3, 2017 | $0.24 |
Jul 10, 2017 | $23.83 | ||
Jul 16, 2017 | $24.07 | Jul 10, 2017 | $0.24 |
Jul 18, 2017 | $23.83 | ||
Jul 23, 2017 | $24.07 | Jul 18, 2017 | $0.24 |
Jul 23, 2017 | $23.83 | ||
Jul 30, 2017 | $24.07 | Jul 23, 2017 | $0.24 |
Jul 30, 2017 | $23.83 | ||
Aug 6, 2017 | $24.07 | Jul 30, 2017 | $0.24 |
Aug 6, 2017 | $23.83 | ||
Aug 13, 2017 | $24.07 | Aug 6, 2017 | $0.24 |
Aug 14, 2017 | $23.83 | ||
Aug 20, 2017 | $24.07 | Aug 14, 2017 | $0.24 |
Aug 20, 2017 | $23.83 | ||
Aug 27, 2017 | $24.07 | Aug 20, 2017 | $0.24 |
Aug 27, 2017 | $23.83 | ||
Sep 3, 2017 | $0.24 | Aug 27, 2017 | $0.24 |
Sep 10, 2017 | $120.33 | Sep 4, 2017 | $120.33 |
Sep 17, 2017 | $142.95 | Sep 11, 2017 | $142.95 |
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