To buy more fabric for designing dresses

Ernest Abostivia

Accra, Ghana

Funds disbursed

$0 to go

100% funded of $141 goal

0

days left

Entrepreneur

Name

Ernest Abostivia

Member since

February 2014

On-time repayments

45 installments  •  0%

About Me

I am a young man who has successfully completed a diploma in Information Technology and Networking. I have completed my Bachelor’s Degree in Computer Science and Management at the University College. I am self-motivated and an enthusiastic self-starter who can work on my own with little or no supervision and also enjoy working in a team environment. I enter easily into new situations with a creative and resourceful attitude. I live with my wife and family. Most of the money i make goes to taking care of my family and business. unemployment is high in this country so it is better to do your own business. i like soccer and music

My Business

I have through my own resources established a fashion designing shop. I put together beautiful designs of dresses and send to some tailors i know and we produce it. I buy different type of fabric for various designs. but locally made Ghanaian fabrics sell more especially if it is made into an exotic dress designs for all sexes. Cost of fabric is high but a good dress can sell for 60 ghana cedis. I target both old and young in my area. I have a good client base. People also bring their own designs and i make for them for special occasions. At 60 ghana cedis i make about 400 to 600 ghana cedis a month. I pay my tailors and buy more fabric and save the rest. I can grow this business if i have the right resources. I can set up a work space and get a help. Right now, i operate from home.

Loan Proposal

If i am given this loan i will buy more fabric for more designs. I will rent a work space and show room in town as well in the future for display of my dresses. i will buy some manikins to use as display too. This will boost my business and make it more attractive to clients. I will e able to increase my reach and profit. My current profits will be enough to pay off my loan. Thank you

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$141.00

Date disbursed

Mar 10, 2014

Repayment status

Late

Projected term

10 months

Lenders

EricDWalters

Rochester, Mn, Usa, United States

S

sirius

Lauterach, Austria

Cordula

Cologne, Germany

J

jasonbronowitz

Tempe, United States

S

Serene

Philadelphia, United States

Sarasota

Sarasota, Fl, United States

C

cranejoad

cazenovia, United States

xtrahardware

Cazenovia, United States

Matching Fund

Sterling, United States

JG

Jake Gibson and Beverly Picardo

San Francisco, United States

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