Stocking up my shop with traditional clothes
Bright Mensah Adomako
Konogo, Ghana
100% repaid
Entrepreneur
Name
Bright Mensah Adomako
Member since
February 2021
On-time repayments
17 installments • 24%
About Me
My name is Bright Mensah Adomako and I am 32 years of age. I am married with a child. Growing up was not easy as I lost both parents at earlier stage in life when I was a kid. I and my two siblings was raised by my aunty. I have completed Shs at Collins Shs at Agogo and ever since because of lack of funds I decided to learn some trading. Now I have a boutique where I used to sell clothes to support the family. I don't want my children to suffer so I am working hard so one day my child will not suffer as I did. My only son wants to become Doctor and it inspire me to do more in life to help his wish come true. Way back in school I used to play football as a hobby.
My Business
I own a boutique and sell clothes, rings, shoes, sandals, and other self accessories for fashion. The sales of these items is very good as it generates profit and with a little support I would be able to expand the business and employ more apprentices. At occasions and normal functions the purchase of these goods are very high and much funds are gained within these periods.
Loan Proposal
The patronize of traditional wears in Ghana is very high as fridays are chosen for the wearing of such clothing lines in Ghana. This has made the demand of kente clothing a high demand in our certain and investing in it would help me a lot. I am therefore applying for this loan to enable me purchase some traditional clothing to sell to my clients as the demand is very high. With this I would be able to raise profit to help my business and also solve some family expenses.
Income Source
I would be paying from the sales I make from my old stock in my shop. The daily sales of clothing and sandals is very good and with the interest I gather every day I would be able to pay off this loan by the due date as expected.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$161.15
Date disbursed
Feb 24, 2021
Repayment status
On Time
Projected term
1 week
Cost to entrepreneur
Service fee: $5.70
Credit risk payment:
$15.07
Optional expediting fee:
$11.52
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