To hire a store room which will be used to sell cloth
Tabiri
Berekum, Ghana
6% repaid
Entrepreneur
Name
Tabiri
Member since
July 2015
On-time repayments
46 installments • 80%
About Me
I am Tabiri Kofi, the first born among the three children of my parents. I started my basic education at the Berekum Grace Preparatory and then furthered at the Sunyani Senior High School and then to the University of Cape Coast. At the University, I used to sell some clothes to students to raise money to pay my school fees and hostel fees. After school, I decided to use some of my income to open a clothing shop at my hometown. The people in my community are very hard working and respectful. Children in the community would always want to be Bank managers when they grow. I like watching and playing video games and also reading story books.
My Business
I sell clothes for both men and women at Berekum. These things are very demanding because every individual requires a dress to go to work. I started this business to generate enough funds to support my education and my brother's own too. Currently, one of my younger brothers is at the Senior High School. My cost for every week is around $200 and as at now, my revenue is $600. If I am given the loan, I will reinvest it in the business and use the profit to support my younger brother's education.
Loan Proposal
When the loan is given to me, I am going to hire a store room for cloth sales. The cost of hiring the store room is $350. This is going to generate profit regularly. Since the store room is at vantage point, I am expecting an increase in my daily sales which will increase my revenue by 60%. I am going to employ two people who will work with me at the store. They are going to get employment hence they will get their daily bread.
Feedback
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Loan Info
Project Type
Classic Loan
Disbursed amount
$383.00
Date disbursed
Apr 5, 2016
Repayment status
Late
Projected term
68 months
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