Selling to further my education
Richard
Asin Fosua, Wasaa West Municipal Assembly. Western Region Of Ghana., Ghana
100% repaid
Entrepreneur
Name
Richard
Member since
May 2016
On-time repayments
58 installments • 50%
About Me
Richard Nana Kwame. I come from Assin Fosua in the Wassa west municipality in the Western Region of Ghana. I attended fiasiman senior high school and did came out with very good grades. I have three other siblings. My parents are both very old now. We did had the best of parental upbringing and me and my siblings were encouraged by our parents right at tender age to aspire to do whatever good that our hearts desired.
After senior high school, I took apprenticeship with a fashion designing institute to work on my talent. i did passed out with lot of knowledge just this July.
Then i worked for free with my institute for two months and i am now done with all the service and am now about to start my own shop and business.
I have learn well as to how to run a fashion designing shop and business. I have learn how to serve people and be patient with the learning process too. I bought my first sowing machine with my first loan backed by my small life time savings and managed to pay of the rest of the outstanding too. The western region of Ghana is a very nice place to stay with great people and culture. it happened to be the home of Ghana's first ever President too. I am very hardworking and well determined to make some great sense out of life with the help that lenders on Zidisha are helping me with. I am fully set now to start my own fashion designing Business.
My Business
When i took my first loan i was in a fashion designing training school and the loan came to be of great help as it afforded me a machine and other sowing materials. Currently i am all set to start my own shop. i sow and design for both male and female and that is my greatest advantage. I have only one machine to start with, and some few materials but with lot of demand and workload.
I choose this business due to the demand for it and my passion for the job. In my community this business is very profitable if you know your job very well as a designer. so will be selling both material and fabrics for sowing. then i will be doing the sowing too myself. since this is the beginning of my business i do not expect too much profit but i still believe per calculation that i will not make less than 25% profit on any $100 invested in my business.
I will very surely save a little and then reinvest into my business too. This loan will give me a shop and few sowing equipments and materials which is to set me off for a bright future.
Loan Proposal
Dear lenders and the good people on Zidisha, when am helped i will have the entire investment into my business. Below are how am going to invest that money.
First of all i have a $20 school fees to pay so i will pay that quickly. Then i will buy 4 pieces of antenae for $80 then i have sone goods in the electrical appliance category which i will sell to offset the deductions that was made for the member loan fund.
With this plan, i am confident tgat i will be able to make all the neccessary payments.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$300.00
Date disbursed
Jun 11, 2016
Repayment status
On Time
Projected term
55 months
Other loans
Lenders
United States
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Will Feb 24, 2018
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