46 installments • 80%
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.
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.
I will buy clothes with the loan when the loan is given to me. It will cost $240 to buy the clothes. As Christmas is drawing nearer, a lot of people are coming to me to buy clothes for the Christmas. The demand for clothes has increased in my community. Hence I have to meet their needs. This has required for an increase in capital to buy more clothes to sell in my community. People in my community will get clothes to buy from me for the Christmas. That is the first benefit when I am given the loan. The second benefit is there will be an increase in sales which will result in an increase in profit by 60%.
Dec 1, 2015