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
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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
South Africa
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