Sale of locally made sandals, bags and beadwork

Cynthia

Adenta Sda, Ghana

65% repaid

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How it Works

Entrepreneur

Name

Cynthia

Member since

March 2017

On-time repayments

216 installments • 78%

About Me

Born in Accra on 28th January 1980, I am 40 years old. My father has eight children and I being the sixth. Both parent were into subsistence farming and petty trading
Things became difficult for us after the death of our mother, however I managed my mother petty trading and vegetable farming to pay my school fees. Hawking during vacation periods, weekends and after school hours to get money for support the family is the order of the day. Currently, I completed university and work with Beige Capital as Compliance officer. Planning that in the next four years I can go back to the university to do my master’s degree.

My Business

My business is sale of local sandals, beads, slippers, beads tissue box and bead lady's bag. I supply these items to the market women at wholesale prices. Averagely, I make between GHS 1,000 to GHS 1,800 in a month, to still supplement family income. Currently my father is an old man unable to work again. With the Zidisha support, I'm able to earn regular income from my trade and employment, hence I’m able to pay family bills and put food on the family table.
Also, I employed a lady and a guy who assist me supplying these items to the traders in the market centers. Both of them receive a monthly salary of GHS 400.00 each
With additional working capital, I can supply more goods to my customers, hence would be able to make more profit. It's this reason that I am applying the Zidisha loan for the second time.

Loan Proposal

If this loan granted i will buy the following items to invest in the buying and selling of locally made sandals, bags and beadwork and also making and selling of locally made nose masks
1. Ladies bags @ $ 280
2. Beads $ 230
3. Sandals @ $ 180
4. Clothing material for making local nose masks $ 80
In all a total loan amount of $ 770
Thank you all

Income Source

I’m still fully employed and still earning a salary from my employer, the making and Selling of locally made sandals, bags and beadwork is a secondary business I’m doing. Also, observing WHO and Ghana health services health protocol at my work place and shop is key and at prime, so as to keep my team safe and continue to work and earn a living, so that I repay my loan successfully.
With this additional working capital, I can supply more goods to my customers, hence would be able to make more profit. It's this reason that I am applying the Zidisha loan for another time.

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nicole Jul 3, 2020

My third loan to Cynthia - highly recommended!! :-)

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R
Ray Dec 27, 2019

Excellent repayment - well done

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nicole Dec 27, 2019

My second loan to Cynthia - I would happily lend to you a third time!

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nicole Dec 16, 2019

Cynthia paid on time - I would happily lend to you again!!

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M
Margaret Dec 29, 2018

The loan was paid off in a timely manner.

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David Dec 25, 2018

Loan was originally scheduled to take six weeks. Several small payments were made, keeping the loan active with some larger payments finishing the loan three months after being disbursed. Your creations are beautiful.

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