To purchase more second clothing

Ernest

Kumasi, Ghana

8% repaid

Entrepreneur

Name

Ernest

Member since

December 2013

On-time repayments

59 installments  •  20%

About Me

My names are Ernest Fosuh, a 25 year old male. I have been completed Junior High School (St. Anne’s International School-Kumasi) and couldn’t continue due to financial problem. I live Central Business area called Kumasi in the Ashanti Region. I have three brothers aged twelve years, five years and four years and two sisters aged thirteen years and seventeen years and are all school going. Am the second born of my parents. My home is located two kilometers from the Central Business Center called Central Market. But my business markets all over the areas of Kumasi.

My Business

My business involves selling Second hand clothes; I started in the year 2000. I was buying the clothes at the Second Hand Clothing Sellers Association (SHCSA) in Kumasi, and then when I got more cloths which I knew that it will attracted me to get more customers then I started going round the rural and urban areas around to market them to my customers in the rural and urban areas around me. I love the business am doing because it helps me and my family since my father is old and my mother is also sick this job helps me to cater for my junior brothers and sisters, I don’t have a permanent place to sell the cloths that is why I always went to rural and urban areas to sell them. I will be repaying the money Zidisha will give me through this work because if I get the money it will help me to buy more and sells more to make profits

Loan Proposal

thanks to zidisha for giving me another chance to apply for a new loan. The money will be used to purchase more second cloths from the Second Hand Clothing Sellers Association (SHCSA) in Kumasi. it will also help me to expand my business. so that i can get more cloths to attract my customers and to sell it in time. and also even i have been talking to a women in the association to give me some cloths to add it to the ones i have but he said i should give her Deposit before the cloths will be given to me so i will use part to deposit and collect the cloths and then add it to the ones i will use the half to buy it and sells them.

Feedback

2

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Loan Info

Project Type

Classic Loan

Disbursed amount

$296.00

Date disbursed

Mar 10, 2014

Repayment status

Late

Projected term

11 months

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  • George    Jan 29, 2015

    Unfortunately is about 3 months ago i hear from Ernest and the fact is that He mum has died and he has now been settled at his mothers village for farming, so it is now very difficult for him to repay the loan, but i am trying to get in touch with him so that i can see how i can help him to be on track for his loan. thank you,

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  • IonutN    Dec 9, 2014

    Hi Ernest,

    Do you have any update for us?
    How is your business going?

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  • Ernest    Mar 31, 2014

    please there is some difficulties i am facing here, the cloths i went and bought was in a very bad state which is giving me troubles, i am pleading to all my lenders and this effort i took but i promise to pay all my loans according to the time i have rescheduled. thank you for your understanding.

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  • dewaldlouw    Mar 11, 2014

    Good luck with your business venture!

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