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
Positive
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Neutral
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Negative
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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
Other loans
Lenders
United States
United States
Jake Gibson and Beverly Picardo
San Francisco, United States
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Summary
Amount repaid
$241.62
Amount remaining
$0.00
Date repaid
May 27, 2017
Status
Fully repaid
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Jan 29, 2017 | $12.03 | Jan 30, 2017 | $12.03 |
| Feb 5, 2017 | $12.03 | Feb 6, 2017 | $12.03 |
| Feb 12, 2017 | $12.03 | Feb 12, 2017 | $12.03 |
| Feb 19, 2017 | $12.03 | Feb 20, 2017 | $12.03 |
| Feb 26, 2017 | $12.03 | Mar 1, 2017 | $12.03 |
| Mar 5, 2017 | $12.03 | Mar 6, 2017 | $12.03 |
| Mar 12, 2017 | $12.03 | Mar 13, 2017 | $12.03 |
| Mar 19, 2017 | $12.03 | Mar 20, 2017 | $12.03 |
| Mar 26, 2017 | $12.03 | Mar 25, 2017 | $12.03 |
| Apr 2, 2017 | $12.03 | Apr 3, 2017 | $12.03 |
| Apr 9, 2017 | $12.03 | Apr 10, 2017 | $12.03 |
| Apr 16, 2017 | $12.03 | Apr 15, 2017 | $12.03 |
| Apr 23, 2017 | $12.03 | Apr 23, 2017 | $12.03 |
| Apr 30, 2017 | $12.03 | May 6, 2017 | $12.03 |
| May 7, 2017 | $12.03 | May 6, 2017 | $12.03 |
| May 14, 2017 | $12.03 | May 12, 2017 | $12.03 |
| May 21, 2017 | $12.03 | May 19, 2017 | $12.03 |
| May 28, 2017 | $37.06 | May 27, 2017 | $37.06 |
Margaret Feb 1, 2018
Margaret May 29, 2017
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