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
Positive
None
Neutral
None
Negative
None
Loan Info
Project Type
Classic Loan
Disbursed amount
$250.00
Date disbursed
Apr 27, 2016
Repayment status
Late
Projected term
45 months
Lenders
Italy
Sweden
Germany
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.