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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Summary

Amount repaid

$33.58

Amount remaining

$221.65

Expected completion

Apr 12, 2020

Status

Repaying late

Installment amount

$1.29

Repayment History

Expected Payments Actual Payments
Aug 21, 2016 $2.58 Aug 14, 2016 $2.58
Aug 28, 2016 $2.58 Aug 14, 2016 $1.29
Aug 14, 2016 $1.29
Sep 4, 2016 $2.58 Aug 14, 2016 $2.58
Sep 11, 2016 $2.58 Sep 2, 2016 $2.58
Sep 18, 2016 $2.58 Sep 17, 2016 $2.58
Sep 25, 2016 $2.58 Sep 17, 2016 $2.58
Oct 2, 2016 $2.58 Oct 8, 2016 $1.29
Oct 8, 2016 $1.29
Oct 9, 2016 $2.58 Oct 8, 2016 $1.29
Oct 23, 2016 $1.29
Oct 16, 2016 $2.58 Oct 23, 2016 $1.29
Nov 2, 2016 $1.29
Oct 23, 2016 $2.58 Nov 8, 2016 $1.29
Dec 15, 2016 $1.29
Oct 30, 2016 $2.58 Dec 15, 2016 $2.58
Nov 6, 2016 $2.58 Dec 29, 2016 $2.58
Nov 13, 2016 $2.58 Dec 29, 2016 $2.58
Nov 20, 2016 $0.00
Nov 27, 2016 $0.00
Dec 4, 2016 $0.00
Dec 11, 2016 $0.00
Dec 18, 2016 $0.00
Dec 25, 2016 $0.00
Jan 1, 2017 $1.29
Jan 8, 2017 $1.29
Jan 15, 2017 $1.29
Jan 22, 2017 $1.29
Jan 29, 2017 $1.29
Feb 5, 2017 $1.29
Feb 12, 2017 $1.29
Feb 19, 2017 $1.29
Feb 26, 2017 $1.29
Mar 5, 2017 $1.29
Mar 12, 2017 $1.29
Mar 19, 2017 $1.29
Mar 26, 2017 $1.29
Apr 2, 2017 $1.29
Apr 9, 2017 $1.29
Apr 16, 2017 $1.29
Apr 23, 2017 $1.29
Apr 30, 2017 $1.29
May 7, 2017 $1.29
May 14, 2017 $1.29
May 21, 2017 $1.29
May 28, 2017 $1.29
Jun 4, 2017 $1.29
Jun 11, 2017 $1.29
Jun 18, 2017 $1.29
Jun 25, 2017 $1.29
Jul 2, 2017 $1.29
Jul 9, 2017 $1.29
Jul 16, 2017 $1.29
Jul 23, 2017 $1.29
Jul 30, 2017 $1.29
Aug 6, 2017 $1.29
Aug 13, 2017 $1.29
Aug 20, 2017 $1.29
Aug 27, 2017 $1.29
Sep 3, 2017 $1.29
Sep 10, 2017 $1.29
Sep 17, 2017 $1.29
Sep 24, 2017 $1.29
Oct 1, 2017 $1.29
Oct 8, 2017 $1.29
Oct 15, 2017 $1.29
Oct 22, 2017 $1.29
Oct 29, 2017 $1.29
Nov 5, 2017 $1.29
Nov 12, 2017 $1.29
Nov 19, 2017 $1.29
Nov 26, 2017 $1.29
Dec 3, 2017 $1.29
Dec 10, 2017 $1.29
Dec 17, 2017 $1.29
Dec 24, 2017 $1.29
Dec 31, 2017 $1.29
Jan 7, 2018 $1.29
Jan 14, 2018 $1.29
Jan 21, 2018 $1.29
Jan 28, 2018 $1.29
Feb 4, 2018 $1.29
Feb 11, 2018 $1.29
Feb 18, 2018 $1.29
Feb 25, 2018 $1.29
Mar 4, 2018 $1.29
Mar 11, 2018 $1.29
Mar 18, 2018 $1.29
Mar 25, 2018 $1.29
Apr 1, 2018 $1.29
Apr 8, 2018 $1.29
Apr 15, 2018 $1.29
Apr 22, 2018 $1.29
Apr 29, 2018 $1.29
May 6, 2018 $1.29
May 13, 2018 $1.29
May 20, 2018 $1.29
May 27, 2018 $1.29
Jun 3, 2018 $1.29
Jun 10, 2018 $1.29
Jun 17, 2018 $1.29
Jun 24, 2018 $1.29
Jul 1, 2018 $1.29
Jul 8, 2018 $1.29
Jul 15, 2018 $1.29
Jul 22, 2018 $1.29
Jul 29, 2018 $1.29
Aug 5, 2018 $1.29
Aug 12, 2018 $1.29
Aug 19, 2018 $1.29
Aug 26, 2018 $1.29
Sep 2, 2018 $1.29
Sep 9, 2018 $1.29
Sep 16, 2018 $1.29
Sep 23, 2018 $1.29
Sep 30, 2018 $1.29
Oct 7, 2018 $1.29
Oct 14, 2018 $1.29
Oct 21, 2018 $1.29
Oct 28, 2018 $1.29
Nov 4, 2018 $1.29
Nov 11, 2018 $1.29
Nov 18, 2018 $1.29
Nov 25, 2018 $1.29
Dec 2, 2018 $1.29
Dec 9, 2018 $1.29
Dec 16, 2018 $1.29
Dec 23, 2018 $1.29
Dec 30, 2018 $1.29
Jan 6, 2019 $1.29
Jan 13, 2019 $1.29
Jan 20, 2019 $1.29
Jan 27, 2019 $1.29
Feb 3, 2019 $1.29
Feb 10, 2019 $1.29
Feb 17, 2019 $1.29
Feb 24, 2019 $1.29
Mar 3, 2019 $1.29
Mar 10, 2019 $1.29
Mar 17, 2019 $1.29
Mar 24, 2019 $1.29
Mar 31, 2019 $1.29
Apr 7, 2019 $1.29
Apr 14, 2019 $1.29
Apr 21, 2019 $1.29
Apr 28, 2019 $1.29
May 5, 2019 $1.29
May 12, 2019 $1.29
May 19, 2019 $1.29
May 26, 2019 $1.29
Jun 2, 2019 $1.29
Jun 9, 2019 $1.29
Jun 16, 2019 $1.29
Jun 23, 2019 $1.29
Jun 30, 2019 $1.29
Jul 7, 2019 $1.29
Jul 14, 2019 $1.29
Jul 21, 2019 $1.29
Jul 28, 2019 $1.29
Aug 4, 2019 $1.29
Aug 11, 2019 $1.29
Aug 18, 2019 $1.29
Aug 25, 2019 $1.29
Sep 1, 2019 $1.29
Sep 8, 2019 $1.29
Sep 15, 2019 $1.29
Sep 22, 2019 $1.29
Sep 29, 2019 $1.29
Oct 6, 2019 $1.29
Oct 13, 2019 $1.29
Oct 20, 2019 $1.29
Oct 27, 2019 $1.29
Nov 3, 2019 $1.29
Nov 10, 2019 $1.29
Nov 17, 2019 $1.29
Nov 24, 2019 $1.29
Dec 1, 2019 $1.29
Dec 8, 2019 $1.29
Dec 15, 2019 $1.29
Dec 22, 2019 $1.29
Dec 29, 2019 $1.29
Jan 5, 2020 $1.29
Jan 12, 2020 $1.29
Jan 19, 2020 $1.29
Jan 26, 2020 $1.29
Feb 2, 2020 $1.29
Feb 9, 2020 $1.29
Feb 16, 2020 $1.29
Feb 23, 2020 $1.29
Mar 1, 2020 $1.29
Mar 8, 2020 $1.29
Mar 15, 2020 $1.29
Mar 22, 2020 $1.29
Mar 29, 2020 $1.29
Apr 5, 2020 $1.29
Apr 12, 2020 $0.77

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