Selling second-hand clothes

David

Ho Agortime, Kpetoe, Ghana

13% repaid

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How it Works

Entrepreneur

Name

David

Member since

March 2016

On-time repayments

204 installments • 11%

About Me

David Kwaw is my name and I am from Ghana in West Africa. I am the third among five siblings and the only male. so I have four sisters. strong ones actually. Living in the village in Brong Ahafo in my childhood years was difficult and education was not the priority of my parents either so I did not get much of it.
I overcame the barrier when I finally had the chance to go and stay with my uncle in the city in Sunyani. I then went to school and completed high school but there was no more hope for continuation and I took to selling of second hand clothes.
I later left Sunyani to my new place now and then had a place in a nearby market and this is what I have been selling for the past five years...

My Business

As I said I sell second hand clothes on large quantities in my locality. I actually sell it in a market so there are always lots of customers around and market is also generally good for such a business..
These are basic clothes and people need them all the time. I decided to sell these goods because I was given it on credit when I had no money of my own to start and also due to its profit and the need of it in almost every locality.
If I invest say $50.00 I do get back not less than $30 as profit and thus very good and huge . I save, I live on part, and I reinvest the rest in my business...

Loan Proposal

When my loan is fully funded, I will buy two large bails of second hand clothes for sale. Now, one will be for children both male and female clothes and the other one will be for adults and also both men and women. so Here I will use $115.00 for that of the children and $135.00 for that of the adults.
This will add more goods to my stock which are already in High demand and this will help me to meet demand and also will make clothes readily available and at affordable price to the people of my community.
I then expect to have a profit increase of more than 50% of the invested capital.