Shoe production.
Florence
Kumasi, Ghana
$0 to go
100% funded of $297 goal
0
days left
Entrepreneur
Name
Florence
Member since
October 2017
On-time repayments
55 installments • 2%
About Me
Started school at Queens Day international school
I was dropped out of school because of financial problem. I have now established my own shoe shop for which I earn Ghc500.00 a month . Im facing difficulty in producing more of my shoe for sale. A friend of mine helped me to have access to credit facilities which no longer comes due to the poor state of my business.
I cannot afford three square of meal a day because of my low income I earn a month
the burden of my siblings are on me since i am the eldest among them and my parents too are dead.I used to spent time with my parents when they were alive. We used to visit the Zoo and have some fun out there .But there are not there anymore for all these fun time. I now depend on my own for a living. I want to have great children in future so that they won't be like me because I hate seeing my children suffering like this.
My Business
I'm a business man having my own Shoe shop where I delivered them for sale
I earn Ghc500.00 a month. The nature of my business is poor and i want to increase my productiviy since I have small scale productivity. I sometimes find it difficult to purchase raw materials for production. I want to expand my business to earn higher income so that I can cater for my self and my siblings. I want to be a big entrepreneur in my community and my country as a whole. I have a goals and I want my business to compete with other competitors . Since my business is on low scale , I want to purchase raw materials in bulk . The raw materials are ;leather , materials for shoe, thread, shoe case holder, contact glue, machine for polishing. These materials cost , Leather $20.00 shoe case holder $30.00 Contact glue $40.00 thread $10.00 machine for polishing $100.00 , Materials $80.00 and Polish $20.00
Loan Proposal
When I'm giving this loan , I will purchase Materials for Shoe which will cost $80.00, Machine for Polishing shoe which will cost $100.00 , Contact glue which will cost $40.00, Polish which will cost $20.00 , Thread which will cost $10.00 Shoe case holder which will cost $30.00 and Leather which will cost $20.00. This will help me produce on a large scale and my revenue will be increased. I'm expecting GHS 1000.00 from this production.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$297.00
Date disbursed
Jan 13, 2018
Repayment status
Late
Projected term
12 months
Other loans
Lenders
Germany
Germany
United States
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