Retail sales of colourful Kente yarns

Seth Frimpong

Bonwire, Ghana

100% repaid

Entrepreneur

Name

Seth Frimpong

Member since

August 2016

On-time repayments

97 installments  •  82%

About Me

My name is Seth Frimpong a native of Bonwire. Having lost my father at class four (4), I decided to be active footballer. My football career came to a halt when l got injured at my ankle during a match between one coast opponents. As native of Bonwire and for that matter an automatic weaver l decided to weave Kente when l couldn’t pursue my football career due to persistent ankle injury. I found it difficult to weave because of the injury and for that matter opted to sell products (yarn) that are used to produce kente cloth. I now have a store for selling the yarns but the quantity of the yarns in the store are relatively insufficient and at times get finish when the demand is high. I would be grateful if Zidisha could help me to increase the the number of the materials in the store by assisting me with their soft loans.
Interestingly, l cannot play football though, l always follow the game and for that matter a Manchester United fun and Kumasi Asante Kotoko fun

My Business

l will use all the loan that Zidisha will provide to buy yarns to fill the huge spaces in the store. Apparently to complete one set of cloth for men size, you have to get one set of yarns consisting of cotton and rayon. A cone of a cotton cost $1.5 and $3.5 for that of rayon. In total a weaver must buy total weaving material of $90 in order to complete one set of woman size cloth and $130 for men size cloth. This means that l will use the loan this time to buy 30 different set of yarns that the weavers can purchase for kente production in order to fill the spaces in the store. These will however increase the capital l am working with and also reduce frequent shortage of materials in my store

Loan Proposal

this amount can help me buy 40 bundles of the yarn consisting of cotton and rayon.
1 cone of cotton is $1.5 and that of rayon is $3.5. Each bundle be it cotton or rayon contains 10 cones.
Thank you

Feedback

2

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  • Margaret    Feb 1, 2018

    The loan was paid off in a timely manner!

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  • Margaret    May 29, 2017

    Seth paid off his loan perfectly and was a pleasure to work with. I would gladly lend to him again and encourage others to do the same.

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Loan Info

Project Type

Classic Loan

Disbursed amount

$241.62

Date disbursed

Jan 20, 2017

Repayment status

On Time

Projected term

4 months

Cost to entrepreneur

Service fee: $6.46

Lenders

helogr53

Abbotsford, Canada

Paul Buchheit

Mountain View, United States

Lou Kaucic

Sanbornton, NH, United States

PG

Paul Graham

United States

Craig Newmark

United States

The Zinc Team

San Francisco, United States

A

Anonymous

United States

M

Margaret

United States

Paul Buchheit

Mountain View, United States

CN

Craig Newmark

United States

JG

Jake Gibson and Beverly Picardo

San Francisco, United States

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