To purchase clothing materials for sewing

Vincent

Fadama, Accra, Ghana

100% repaid

Entrepreneur

Name

Vincent

Member since

January 2017

On-time repayments

113 installments  •  75%

About Me

My late father was a cocoa farmer who married two wives, my mother being the second wife and herself also a farmer. In all, my father has twelve children, I being the ninth of my father and the fourth by my mother. Living in such a family, me and my siblings did not have life easy, education was not a necessity, but rather farming and helping our parent is the priority.
After my elementary education, I was given the option by my late father to either be with him and farm or join my grandfather to learn trade. I joined my grandfather, where I learned fashion and designing, a profession a have being practicing till today

My Business

My business is Fashion and designing. I have a shop and three sewing machines. I sew for individuals, Churches, Corporate organisations etc.
With the government new policy of local wear in offices, there is high demand for our goods and services (Sewing)
Currently, i have two apprentices and one employee (work and pay). I am able to sew averagely 54 attires for both male and female dresses a week.
Acquiring a new machine, I can do more, then by earning more profit, hence my interest in Zidisha loan. I can make four hundred Ghana cedis monthly. By doing this I can successful pay my ward's school fees and pay the bills of my dependents.

Loan Proposal

With the Christmas approaching I intend to purchase wax print, wooden etc materials that I can use to sew dresses and shirt for both male and female, adult and children for sale. Demand for these items are usually high during the Christmas festivities.

I would buy wax print @ $ 350
Polish cotton materials @ $270
Polyester materials @ $ 240
Various types of thread @ 80
Labor (work and pay) @ 210
In all I made an estimate of $1150 for my next project.

Feedback

1

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None

  • Will    Oct 28, 2017

    Vincent repaid his loan on time and two months ahead of schedule. He also provides frequent updates. It was a pleasure to loan to him and I would do it again.

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Loan Info

Project Type

Classic Loan

Disbursed amount

$998.00

Date disbursed

Nov 9, 2017

Repayment status

On Time

Projected term

10 months

Lenders

Thomas

Sweden, Sweden

Humble Bundle Community

San Francisco, United States

Paul Buchheit

Mountain View, United States

TL

Tao Luo

United States

A

Anonymous

United States

CN

Craig Newmark

United States

T

TP

United States

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