Start-up capital for a shoe business

Owusu

Kumasi, Ghana

100% repaid

Entrepreneur

Name

Owusu

Member since

July 2015

On-time repayments

95 installments  •  53%

About Me

I am Charles Owusu it was a great experience as a child living with 2 parents my mother was a trader and my father was a fire officer. So I had the feeling of being an entrepreneur and being an employee. At early age it was my dream to start my own business since my father was always not at so I knew there was a a lot freedom being self employed. This inspired me to pick up business as a course of study at Kumasi Anglican Senior High school,After my basic education at unity prepatory school and sweet home Academy in mampong ashanti and Kasoa in the Central region respectively all in Ghana. After graduating at koforidua polytechnic with High National Diploma in Accountancy the scarcity of job motivated me to start a business business venture in order to earn a living and also help solve the unemployment situation in my country. Ghana has diverse cultures with great people and food. The people are largely hospitable they all feel great being a Ghanaian.

My Business

Okrakyi trends is a fashion firm which produces and sell Africa oriented designs and outfits to interested clients. It is a a tailor made outfits which is done to satisfy the clients' utmost specifications. Since most of our marketing is done through the social media we always assured of reaching the fair scope of our target market hence consistent turnover. Our weakly income is around gh¢800. And zidisha has played an active role in this achievement.

Loan Proposal

Zidisha has been a dependable partner since the initial stage of my fashion business. Through their affordable credit I have been able to buy a knitting machine, rent a space for my fashion business, buy 2 industrial sewing machine and I have been able to purchase a stock of fabric to meet the demands of my clients. Now there's an increasing demand from my clients for shoes to complement the designs I make for them. I have negotiated with a local shoe maker who has agreed to make nice quality shoes to meet meet my specifications. And all he demand is an initial down payment. That makes it necessary to come to zidisha to access and affordable capital to start this lucrative business. I hope you are going to grant me this loan for the smooth start of this new business. Thank you zidisha.

Feedback

3

None

None

  • nicole    Jan 18, 2018

    My second loan to Owusu. He paid on time & I would be happy to lend to him a third time!

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  • Ed    Jun 2, 2017

    It was a pleasure to lend to Owusu

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Loan Info

Project Type

Classic Loan

Disbursed amount

$769.00

Date disbursed

Sep 13, 2016

Repayment status

On Time

Projected term

3 months

Lenders

W

Walter

Victoria BC, Canada

nicole

Worcester, Ma, United States

R

Rotterdammer

Rotterdam, Netherlands

Zidisha

Sterling, United States

Svenip

Vienna, Austria

MakeSense

-, St. Kitts and Nevis

J

Jessica

Patagonia, Argentina

D

Darish

Clarksville, United States

H

hilde

seattle, United States

Tavin

Ottawa, Canada

valliejc

Edmonton, Canada

Cloudways

Malta, Malta

W

willemsenphilippe

Edegem, Belgium

A

Anonymous

United States

Robert D

Houston, United States

B

BigWillie

Belfast, United Kingdom

JOKer

Weisendorf, Germany

H

Habroukema

Austin, United States

NedRyerson

Munroe Falls, United States

M

Margi

Littleton, United States

N

neumans7

Vienna, Austria

dlpringle

Denver, United States

Y

Yasmine

Edinburgh, United Kingdom

Matching Fund

Sterling, United States

NA

NO ACCOUNT

Bluba, Germany

K

kabatscarlett

United States

C

ColoradoEmac

United States

Paul Buchheit

Mountain View, United States

K

KarinV

United States

Per Dahl

Norrköping, Sweden

J

Jeff87

United States

Sarah

Tangier, Morocco

Alberto Cereser

Copenhagen, Denmark

UN

Uwe Neumann

Frankfurt Germany, Denmark

T

test

United States

Dean Cress

United States

N

Nadine

Düsseldorf, Germany

moursund

Beaver Nation, United States

V

Vivek

Arlington, VA, United States

Sandra

Böblingen, Germany

PG

Paul Graham

United States

LF

Lee Fisher

United States

AO

Amara Ogle

United Kingdom

V

Virginia

Chicago, United States

SH

susan hirsch

United States

E

Ella

Canada

DM

Dimitri Malarme

Brussels, Belgium, Belgium

Ed

Howells, United States

Martin Kraus

Traiskirchen, Austria

H

Hans

Czech Republic

Benjamin Kniaz

Boston, United States

WS

Warren Shen

United States

Andrea

Rome, Italy

Humble Bundle Community

San Francisco, United States

Marius Lohri

Switzerland

chessplayer

Berlin, Germany

ES

Evan Simons

United States

JB

James Brooks

United Kingdom

Geoguillot

California, United States

JA

Joshua Axtell

United States

SM

Sue MacFarlane

United Kingdom

MC

Mike Collura

United States

NM

Nitya Marepally

San Ramon, CA, United States

Day Family

Melbourne, Australia

HD

Hardik Desai

United Kingdom

BE

Bob Ewing

United States

JD

JASON DORSETT

United States

V

VJ

Canberra, Australia

T

Thijs

Netherlands

Gail

United States

BP

Bill Piper

United States

Ellen

Michigan, United States

Dave Magnan

Québec, Canada

SS

Sara Sobota

United States

PC

Peter Cordier

United States

A

Anonymous

United States

D

Dalton

San Francisco, United States

CJ

Chris Jones

Seattle, United States

Haroon S

United States

S

soopisgoodfood

United States

Dean Suminski

Portland, Oregon, United States

A

Anonymous

United States

GS

Gary Sinard

Franklin, TN, United States

ED

Eunan Doherty

donegal ireland, Ireland

A

Anonymous

United States

Menno

Adelaide, Australia

JS

James Stuber

United States

J

Jakub

Czech Republic

R

Rolf

Rotterdam, Netherlands

G

grahamk

United States

M

Mack

Harbor, Oregon, United States

TP

Tirzah Prince

United States

WC

Walter Clarke

Phoenix, United States

P

Patrick

Shoreline, Washington, United States

Ask Owusu 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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  • Owusu    Apr 26, 2018

    The loan will be used to buy a manual embroidery machine which cost $760. It will help cut the out sourcing costs by over 70% increase productivity and help serve customers on time. It expected to help increase profit by 15% ($100) weekly. Thank you for funding the loan

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  • Owusu    Jan 29, 2018

    Thank you to all my lenders for helping me build a sustainable business. Now okrakyi trends (my fashion business) is a household name in the community I find myself in. Thanks to zidisha.
    This loan I am applying for will be used to increase my stock of fabric in order to meet the high rising demand of my clients. Hope this application will gain your utmost attention as always. Thank you

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  • Prince    Jan 10, 2018

    His number is not going through

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  • Prince    Dec 10, 2017

    His phone is not working.

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  • Prince    Nov 10, 2017

    I can't reach him
    But will still try to.

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  • Owusu    Jun 30, 2017

    Thanks soo much for funding my loan

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  • Prince    May 14, 2017

    I talk with him and he said thing were bad this couple of weeks but things are getting better so he is going to start paying soon.

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  • Prince    Nov 10, 2016

    Hi lenders, I have talk to him and he explained that he was facing some financial difficulties that's the reason why he missed payments on time..but things are Okey now..

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  • Owusu    Sep 10, 2016

    Zidisha is truly a credit partner... You have done it again. Now I can be able to buy the shoes in Stock to start my shoe business. Thank you.. I really appreciate it.

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    • Ed    Sep 13, 2016

      Owusu:

      Good luck and my very best wishes

      - Ed

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  • Patrick    Sep 9, 2016

    Owusu,
    Nice looking shoe. It reminds me of a soft shoe with rubber soles called Hush Puppies that were popular when I grew up in the '60's. Don't know if they are still around.
    That said, although I'm new on Zidisha, I think your loan proposal will stand a better chance of closing with your photo back on it as I assume lenders like to see who they are lending to. Perhaps in addition to the shoe photo?

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  • Brian    Sep 9, 2016

    Hi Owusu, where can I see your shoes?

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  • Prince    Jul 11, 2016

    I talk to him and he explained to me that business was very bad recently so he is try his best to be on time payment plan

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  • Roy    May 31, 2016

    How are you Owusu?

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  • Owusu    May 16, 2016

    The loan is really going to help me purchase 2 industrial sewing machines for 2 employees I hired.... This is going to help me meet the increasing demand from my customers. Thanks Roy, Nicole, Paul, humble bundle community, zinc team, p, Craig and Paul for helping me make my dream a reality.

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  • Owusu    May 8, 2016

    Zidisha has been a great help to me. It has been a dependable partner since we met. The previous credit was a great deal of help. Thus it helped to secure a new place for my fashion. This new place has increased production and sales. The stress of production and the dissatisfaction of customers that the place posses has now been eradicated by the new space. Now I produce with a little or no stress and customers feel comfortable waiting for them to be served. The has now increased my income by 60%. Thank you zidisha I am for ever..... Thank you

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  • Owusu    Apr 30, 2016

    Thank you zidisha for being a great partner with me in business. The affordable credit has helped me grow my fashion business in a great. The GHC1215. 00 loan facility helped me to rent a new place for my business. Now customers feel comfortable while waiting for their clothes and this helped improve customer service. Thank you zidisha

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  • Prince    Apr 16, 2016

    I talk to him this weekend and he promised to pay, he is having some issues @ Wk.

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  • Roy    Mar 18, 2016

    How are you Owusu?

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  • Prince    Mar 2, 2016

    Hi lenders.... I talk to him he promised to pay this weekend..

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  • Owusu    Jan 26, 2016

    Zidisha has been a great help to me the first loan helped boost my Stock, the second loan helped me purchase a knitting machine. This one is going to play a key role in my business since it is going to help me rent a place. Thank you zidisha for being a partner in the growth of my business. Thank you

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