Selling second-hand clothes

David

Ho Agortime, Kpetoe, Ghana

13% repaid

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.

Feedback

None

None

None

Loan Info

Project Type

Classic Loan

Disbursed amount

$243.00

Date disbursed

Aug 11, 2016

Repayment status

Late

Projected term

44 months

Other loans

Lenders

Brian

Midhurst, Canada

COOPITALIST

Toronto, Canada

Zidisha

Sterling, United States

Hedwich

Gorssel, Netherlands

Matching Fund

Sterling, United States

DavidHS

United Kingdom

mepster

San Francisco, Ca, United States

Loungin

United States

Thomas

Sweden, Sweden

K

Katka

St Albans, United Kingdom

AR

Aaron Rowe

United Kingdom

M

mani

United States

Craig Newmark

United States

The Zinc Team

San Francisco, United States

Humble Bundle Community

San Francisco, United States

Katie

United States

V

VJ

Canberra, Australia

A

Anonymous

United States

A

Anonymous

United States

A

Anonymous

United States

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  • Prince    Apr 27, 2017

    Per what David had written on his comment page although I could not get him when I called but believe I will get him and bring him on track and also believe that he will pay.

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  • David    Dec 30, 2016

    I'm so sorry my Lenders and Zidisha . I had problem with my repayment card . I have been helped out now . I'm happy the problem is fixed now .

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  • David    Aug 11, 2016

    Thank you my wonderful lenders and the entire honorable Zidisha team. I have received your fund. I am really gleeful and grateful to each one of you. Your contributions into my life and business is highly appreciated. I wish you all success in your endeavors.

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  • David    Aug 8, 2016

    Thank so much my lenders for funding my project. I will buy children , men and women wears. I am grateful to you all.

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  • David    Jul 27, 2016

    Thank you my lovely lenders. Your previous loan has helped me a lot. My profit margin boomed up and my home improved. My customers were very happy with my goods and services. I thank you all my lovely lenders.

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  • David    May 13, 2016

    please my lenders , l have made more investment in my business and l would love to reduce my installment amount. Thanks.

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  • David    Apr 26, 2016

    Thanks so much my lenders. I have gotten your fund. It will enable me to go for more goods such as men , women and children wears. Many Thanks.

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