Sewing machine for my dress making shop

Asante

Nsoatre, Ghana

100% repaid

Entrepreneur

Name

Asante

Member since

August 2016

On-time repayments

20 installments  •  55%

About Me

My name is Asante Michael. I come from Nsoatre in the Brong Ahafo Region. I was born on the 27th of January 1980 in Nsoatre. We are four in our family, my mother, father, my brother and myself.

I started my basic education at Noatre Methodist JHS, completed and continued at Nosatre Senior High School in the Brong Ahafo Region. After completing, I continued at Berekum College of Education. I am now in my final year and doing my service at St. Monica's Basic School.
I developed an interest in sewing when I was about to complete my senior high school, when our madam taught us sewing as a subject. I started my own fashion clothing center in the year 2012.

My Business

I joined a fashion designer in my area in the year 2011 to learn more about fashioning. I started my own fashion clothing centre in the year 2012 with a base capital of 850 dollars. I was given a storeroom in my father's house to start my own centre. I started my own fashion clothing with two sewing machines with no apprentices.

After being in the business for about six months, it came to my notice that the people in Nsoatre had developed an interest in my designs. I then started to distribute my designs to some market people who sells clothes. I got two people who have also got interest to learn the designs, so I employed them.
Now, I have two stores with seven assistants who are learning to become designers. I look up to expanding my centre to get additional two or three sewing machine to be able to employ more people to learn sewing. I estimate about 2,000 dollars for my expansion work.

Loan Proposal

i am going to use the loan to purchase sewing machine and cloths which will help me to make more designs to attract more customers. a bundle of cloth cost 40 dollars and also new machines to make me more faster in my design making. this will help me to help people who are interest in learning the design so that they can get work to do in future. this is going to help me to increase my profit margin and also help me more on in life. may God help all my lenders in raising this loan and i promise to pay any amount given to me from the sales of my designs thank you all.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$14.00

Date disbursed

Sep 6, 2016

Repayment status

On Time

Projected term

8 weeks

Other loans

Lenders

roark22

Geneva, Switzerland

Ren

Minneapolis/StPaul, United States

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