Retail sales of colourful Kente yarns

Seth

Bonwire, Ghana

100% repaid

Entrepreneur

Name

Seth

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

None

None

  • 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

$245.00

Date disbursed

Jan 20, 2017

Repayment status

On Time

Projected term

4 months

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

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

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  • Andre Michels    Mar 23, 2019

    Contact him again. Whats happening to zidisha?

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  • John    Nov 9, 2018

    i have contacted SETH and he has promised to settle all the remaining installment

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  • John    Oct 2, 2018

    i have contacted him and he has promised to pay by reducing the installment amount

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  • Seth    Jan 12, 2018

    I have used the money to stock the store with new yarns.

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  • Seth    Nov 23, 2017

    I will use the loan to buy new sets of kente yarns for kente weavers to buy for their weaving activities. This will help reduce shortage of yarns in my store. Thank you Zidisha, thank you Lenders. I am most grateful

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  • GoughGirl    Nov 11, 2017

    Seth, you seem careful with your money and good luck; maybe pictures of beer cans and a beer bottle is not great.

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  • Margaret    Nov 10, 2017

    Good luck Seth with your new loan!

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  • Seth    Nov 9, 2017

    zidisha has been helpful and l am very thankful to the lending members of zidisha

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  • Seth    Oct 8, 2017

    I wish to pay with the profit of sales l made from the weaving materials

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  • Seth    Jun 11, 2017

    Thank you Zidisha, thank you lenders. The loan has been duly paid into my account. I will use the money to buy new Set yarns to avoid shortage in my

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  • Paul Thompson    Jun 9, 2017

    We're so pleased to have been able to help you Seth - I hope you'll be receiving the new yarns soon, it would be great to see some photos of your full shelves! I hope that we can help you to grow your business and secure your future.
    Warm regards
    Paul & us all at www.acorn.finance

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  • Seth    Jun 8, 2017

    l will you use the loan to buy more cotton and rayon yarns to fill the empty spaces in the store. this will however reduce the frequent shortage of the weaving materials in my store. thank you zidisha, thank you lenders

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  • Jane    Jun 3, 2017

    Good Luck Seth, if you can send a picture of a completed Kente cloth, I would be most interested! God bless you, Jane

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  • Sandra    Jun 2, 2017

    Good luck to You! Best Regards, Sandra

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  • Seth    Jun 1, 2017

    joining Zidisha has been a miracle to me. it has really boost my confidence in life that l will surely succeed. Thank you Zidisha, thank you Lenders. l am grateful

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  • Seth    May 27, 2017

    I have made sales of some the yarns and wish to pay with the profit

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  • Margaret    Jan 22, 2017

    Hi Seth,
    I hope the loan from Zidisha helps you to grow your business. Best of luck to you. Regards, Margaret

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  • Seth    Jan 12, 2017

    Thanks you Lenders for help funding my loan. this will enable me fill the spaces in my store. l am most grateful

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  • Seth    Dec 28, 2016

    payment of zidisha loans is flexible and the loan has really been helpful. l hope that they continually help me to fully expand my business. thank you lenders

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  • Seth    Dec 25, 2016

    I have made sales and am using the profit to pay. Thank you

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