Sewing sachets for clean drinking water sales

Evans

Ho Agortime, Kpetoe, Ghana

16% repaid

Entrepreneur

Name

Evans

Member since

March 2016

On-time repayments

195 installments  •  14%

About Me

Evans Opoku is my name and I am a Ghanaian. I come from a family of three boys and three females with mom and dad we make eight in all. that is quiet huge. As a child, I was good with books and so I got encouraged a lot to continue learning but his was going to come to an end due to financial constraint from the part of my parents right after junior high school.
I deal in the sowing of sachet water bags so I sow it mainly for Aqua Dove mineral water. When I left junior high school and I could not further it, my father bought me my first sowing machine and gave me to a man who was already in this business and for just two years I had the chance to work on my own. The business is good, production is in mass quantity and that is to assure our business of sowing sachet water bags.

My Business

I sow sachet water bags in my community for small sachet water producing companies. I usually buy the rubber and do the designs and later the sowing. so when I invest in say $200, mostly I make a profit of not less than 60%. I choose this because I saw a huge market and demand for such a service and that was when sachet water was emerging. I put back much of the money that I make into my business and the rest for my upkeep and I do remit my parents too a lot.
This loan when funded will help me reach my targets and make much profit and also to help provide the people of my community with portable drinking water...

Loan Proposal

When I receive this funding, I will buy $200 worth of Rubber which I will use to sow sachet water bags for my clients. Then I will use the rest of the $50 to buy ink for our printing machine which does the designing of the companies logo on the rubbers before I sow them.
This will increase my profits, this will help provide clean and portable drinking water for the people of my community. With this investment of $250.00 , I expect to have a profit of not less than 50% as returns on invested capital.
With this margin, I will be surely able to repay my loan per arrangements going forward..

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$250.00

Date disbursed

Apr 27, 2016

Repayment status

Late

Projected term

45 months

Lenders

S

Sherry

Pittsburgh, United States

DocHolliday

Legend, United States

ExplorerOz

Sydney, Australia

The Zinc Team

San Francisco, United States

Curious Customs

Austin, Texas, United States

S

Sarah

New Zealand

JG

Jake Gibson and Beverly Picardo

San Francisco, United States

Ask Evans a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.

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