Sale of locally made sandals, bags and beadwork

Cynthia Ama Ohenewaa

Adenta Sda, Ghana

62% repaid

Entrepreneur

Name

Cynthia Ama Ohenewaa

Location

Adenta Sda, Ghana

On-time repayments

216 weekly 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.

Feedback

6

None

None

  • nicole    Jul 3, 2020

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

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  • 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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  • 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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Loan Info

Project Type

Classic Loan

Disbursed amount

$1,214.47

Date disbursed

Jul 5, 2020

Repayment status

Late

Projected term

17 months

Cost to entrepreneur

Service fee: $63.57

Credit risk payment: $95.35

Lenders

Hope2012

United Kingdom

G

guenter

Bremen, Germany

Sundstroms

Falun, Sweden

D

Divergent

Bethesda, United States

Cloudways

Malta, Malta

Arjan Geven

Vienna, Austria

M

Marko

Helsinki, Finland

Aran Dunlop

United States

Rory McLaughlin

Dallas, United States

Carlo Cruz

Cincinnati, OH, United States

SA

Shar Alamdari

Los Angeles, United States

Carrie

Arlington, MA, United States

LM

Lee Montecucco

Washington State, United States

R

Ray

Australia

BR

Brian Rickman

United States

C

Carol

Bayswater, WA, Australia

T

Tanvir

United States

Girolamo Marroccoli

Basel, Switzerland

LT

Lisa Taylor

California, United States

CL

Chris Lee

United States

EA

Eric Ayers

Atlanta, United States

Adrian

Liverpool, United Kingdom

BS

Brian Schmidt

United States

BP

Brian Piltz

United States

J

Jim

Canada

A

Anonymous

United States

SW

SL Wilson

United States

V

Vipul

United States

BS

Brendan Scanlon

Troy, United States

M

Mika

Switzerland

KF

Kathy F

Memphis, TN, United States

Michael Winter

Hessisch Oldendorf OT Rumbeck, Germany

ND

Nick DiCesare

Denver, CO, United States

Dustin Lape

Lynchburg, United States

M

M

Australia

Peter Collins

Darmstadt, Germany

P

PatrickZisha

United States

Outi

Finland

CE

Christopher Engleright

Stafford, United States

Kathleen Coleman

Oregon, United States

Sayuri

United Kingdom

H

HJ

Switzerland

EH

Ed Hendrickson

Ames, Iowa, United States

M

Mirko

Yugoslavia

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