Store room for my clothes business

Ruth Harriet

Berekum, Ghana

100% repaid

Entrepreneur

Name

Ruth Harriet

Member since

March 2015

On-time repayments

90 installments  •  27%

About Me

My name is Serwaa Ruth Harriet. I come from Berekum in the Brong Ahafo Region. I am 32 years old. I started my basic education at AKAB Complex School at Berekum and continued at Techiman Senior Secondary school. After completing, I decided to continue my tertiary education in one of the tertiary institutions, but due to financial difficulties I was withdrawn from college. I am now married and blessed with two boys.
When I was in the secondary school, I developed a habit of selling so when I was withdrawn from college, I started a petty trading. I was engaged in the selling of onion, garden eggs, tomatoes, pepper and many more. I entered into the selling of clothes in 2012 with a based capital of about 600 dollars.
I am punctual at church, decent and humble. I am currently the church youth group.

My Business

I started my clothes business in 2012 with a based capital of about 600 dollars. This money was raised from a profit I had when I was in a petty trading. I entered into clothes selling after studying the market in the area where I am living. I saw that there is nobody living in the area and sells clothes. The people who sells clothes to us are all from different areas so I decided to change my petty trading to clothes selling.
At first it was difficult in getting customers but when people find out that I was in clothes business, they all started coming to me. Now when there is a programme in my community and even my church, people order clothes from me. People in my area and church trust me a lot so sometimes, I am giving the to buy them clothes that I am not having. I am able to make a profit of about 75 dollars in a week. I use some of the profit to pay for my children school fees.
I am looking forward to expand my business by renting a store room to display my clothes. And also be able to employ people to help me distribute my clothes. I estimate about 3000 dollars for my expansion work.
REPAYMENT
I will be able to repay any loan offered me from the profit from the sale of the clothes.

Loan Proposal

I will use the requested amount to rent a store room which cost about 500 dollars a year. I will purchase some of the new clothes in market and display them in the store to make it attractive and be able to supply customers with their demands. A bundle of clothes is about 30 dollars. This will also help me to employ people who will send clothes to people who do not have time to come to the store. If am able to expand the business ,I know for sure that demand will be high and my profit will increase to about 80 to 100 dollars in a week.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$100.00

Date disbursed

Apr 8, 2015

Repayment status

On Time

Projected term

6 weeks

Lenders

Kylie

Mount Martha, Australia

MarktheMormon

Sandy, Utah, United States

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