Buy a sewing machine to produce laptop bags

Abigail

Obuasi, Ghana

100% repaid

Entrepreneur

Name

Abigail

Member since

March 2014

On-time repayments

122 installments  •  48%

About Me

I'm Abigail Mensah. I am 24 years old and a Ghanaian.
I live in Obuasi, West Bogobiri at home number Bw80 / A. Iam in sowing and selling laptop bags. I started this business because after graduating from Kwame Nkrumah University of Science and Technology with a Bachelor of Arts in English, I could not get to work for me. I decided to improve my skill in sowing bags to earn a living and also to support my family. I currently have a younger brother also at college and my little sister is in college. My parents are alive and support us.

My Business

I am in the sowing and selling of laptop bags. I started the company after an unsuccessful search for jobs. I started the business with an amount of money borrowed from a friend. My aunt lent me her seed drill to use. The company is progressing now, but at a slow pace, because a single machine slows down the pace of productivity. I need this money to buy other machines that will help speed up the production rate. The proceeds from the sale of the bags will be used to pay the loan.

Loan Proposal

I will buy necessary materials that are needed for the sowing of the bags like clothes zips. and all other artifacts that are necessary for the production to take place. Currently, i use my elder sisters manual machine to do the sowing. With the money, i will also purchase a sowing machine for personal use. As the business progresses i will see to its expansion and also train others who are interested in learning the trade.

Feedback

2

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Loan Info

Project Type

Classic Loan

Disbursed amount

$50.00

Date disbursed

Mar 28, 2014

Repayment status

On Time

Projected term

3 months

Lenders

Blond56

Victoria, B. C., Canada

S

soren

Göteborg, Sweden

ElWal

Kirn, Germany

H

howard

Vence, France

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