To purchase materials for making local sandals and beads

Cynthia

Adenta Sda, Ghana

100% repaid

Entrepreneur

Name

Cynthia

Member since

March 2017

On-time repayments

216 installments  •  78%

About Me

Born in Accra on 28th January 1980, I am 40 years old. My father has eight children and I being the sixth. Both parent were into subsistence farming and petty trading
Things became difficult for us after the death of our mother, however I managed my mother petty trading and vegetable farming to pay my school fees. Hawking during vacation periods, weekends and after school hours to get money for support the family is the order of the day. Currently, I completed university and work with Beige Capital as Compliance officer. Planning that in the next four years I can go back to the university to do my master’s degree.

My Business

My business is sale of local sandals, beads, slippers, beads tissue box and bead lady's bag. I supply these items to the market women at wholesale prices. Averagely, I make between GHS 1,000 to GHS 1,800 in a month, to still supplement family income. Currently my father is an old man unable to work again. With the Zidisha support, I'm able to earn regular income from my trade and employment, hence I’m able to pay family bills and put food on the family table.
Also, I employed a lady and a guy who assist me supplying these items to the traders in the market centers. Both of them receive a monthly salary of GHS 400.00 each
With additional working capital, I can supply more goods to my customers, hence would be able to make more profit. It's this reason that I am applying the Zidisha loan for the second time.

Loan Proposal

I intend to purchase enough raw materials for making sandals, bags for sale. In recent time there is high demand for local sandals, bags and the beads. Therefore it's my intention to produce more to meet the demand.
1. Purchase thread @ $ 100
2. Leather @ $ 250
3. Beads $ 150
4. Accessories $ 65
In all I need an amount of $565 to be able to purchase these materials for the production.

Feedback

6

None

None

  • nicole    Jul 3, 2020

    My third loan to Cynthia - highly recommended!! :-)

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  • Ray    Dec 27, 2019

    Excellent repayment - well done

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  • nicole    Dec 27, 2019

    My second loan to Cynthia - I would happily lend to you a third time!

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  • nicole    Dec 16, 2019

    Cynthia paid on time - I would happily lend to you again!!

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  • Margaret    Dec 29, 2018

    The loan was paid off in a timely manner.

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  • David    Dec 25, 2018

    Loan was originally scheduled to take six weeks. Several small payments were made, keeping the loan active with some larger payments finishing the loan three months after being disbursed. Your creations are beautiful.

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Loan Info

Project Type

Classic Loan

Disbursed amount

$398.00

Date disbursed

Oct 17, 2017

Repayment status

On Time

Projected term

4 months

Lenders

PG

Paul Graham

United States

Ellen

Michigan, United States

Paul Buchheit

Mountain View, United States

A

Anonymous

United States

JG

Jake Gibson and Beverly Picardo

San Francisco, United States

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