To buy more clothes for sale

Richard Victor

Obuasi, Ghana

51% repaid

Entrepreneur

Name

Richard Victor

Member since

February 2014

On-time repayments

67 installments  •  30%

About Me

my nane is richard victor Afoakwah, 38yrs of age. i belong to a family of 10. My mothers name is Constance and my late fathers name is Moses. Currently i stay in Obuasi (Gausu extention opposite coconut Grove Hotel) I started this business because of the passion for it and also as a means to make money. I use some of the profit to take care of my younger siblings and also contribute to my mothers’ welfare. I also reinvest part of the profit I have also started some saving some of the profit to rent a store in the near future.

My Business

i buy and sell secondhand clothen to cater for myself and my siblings. i really wont to expand and grow my business and with your help i believe i can buy more clothes to sell. i have alot of passion for merchadise.
My name is Richard victor afoakwah .am into sales of imported used clothen that are imported from abroad. The demand for it is high because it is affordable. Most Ghanaians prefer this to the locally made once because of its price competitive advantage. I buy usually buy in small quantity and sell.
I have been doing this for the past 3 years. My motivation for selling used clothen is for the low and less privileged to be able to afford clothen for themselves at reasonably low price. The demand for used clothen is high. Indeed am able to make average dialy sales of 25.00 Ghana cedis a day totaling 125.00 Ghana cedis a week, whilst total expenses a week is 45 Ghana cedis.My source of income to to repay the loan will come from income realized from sales. i believe that with your suport iwill be able to grow my busines to meet the increasing demand

Loan Proposal

With the help of zidisha loan i can buy more clothes to meet my ever increasing customer demand.thereby expanding and growing my business. Indeed the loan will be used to puchase more clothen for sale. With this loan injection my daily sales will increase. Profits from sales will be reinvested into the business, i will also be able to meet my family needs as well as contribute my widows might to Adulam orphanage school in my community. As you click to lend a helping hand you are dirrectly receiving Gods blessing

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$141.00

Date disbursed

Mar 4, 2014

Repayment status

Late

Projected term

16 months

Lenders

EricDWalters

Rochester, Mn, Usa, United States

investor

Candiac, Canada

S

sirius

Lauterach, Austria

B

bentst

Kongsberg, Norway

F

FilemonInvest

Odense, Denmark

M

mkellerman

Shanghai, China

C

cranejoad

cazenovia, United States

xtrahardware

Cazenovia, United States

mygueye

Montreal, Canada

Matching Fund

Sterling, United States

M

meric

Australia

N

NateKettles

South Africa

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