Stock up shoes and clothing for my shop
Solomon
Prestea, Ghana
100% repaid
Entrepreneur
Name
Solomon
Member since
April 2017
On-time repayments
66 installments • 55%
About Me
As the third born of my mom, I was always being taken care by my brethren. I started my primary education in Prestea and actually attended three schools before completing my primarily education.
The need to improve my self, to be financially sound and help my family energised me to venture into trading after completing my senior high school. I further persued my first degree in engineering with some support from family members. With the upbringing i had growing up, developed in me hospitality and honesty. In future, I want my children always to strive to finish and soar higher than am doing now.
I love to read and also play table tennis
My Business
I trade in Shoes, slippers, flip flops and sandals for both males and females.
And i am always yearning to increase my stock to enable me raise more money to assist my siblings.
The selling of these goods is more of like a family business for which my mom started in our town and hence I have gained much experience in the demands of my customers.
Man can not exempt himself or herself from putting on shoes hence a major requirement for our daily lives.
I initially started the business with 11 pairs of slippers but now have about 50 pairs in stock as a result of investing my profit in the business. And I expect to have about 3 stations for selling my goods with my involvement in Zidisha. I also want to deal in selling of recharge cards for various telecommunications and e-banking.
I intend adding MTN mobile money.
Loan Proposal
Due to my less capital, I have to visit the wholesale shop mostly weekly to stock up my shop. Hence with this loan i am going to have increased capital to stock up my shop which will prevent me from my weekly visit to the retail shops hence helping to cut down cost of travellings. I will need $125 to boost my business.
Feedback
Positive
None
Neutral
None
Negative
None
Loan Info
Project Type
Classic Loan
Disbursed amount
$90.00
Date disbursed
Jul 18, 2017
Repayment status
On Time
Projected term
6 weeks
Other loans
Ask Solomon a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.