Yarn for Kente-cloth weaving business

Isahaku Abdulai

Pankrono , Ghana

100% repaid

Entrepreneur

Name

Isahaku Abdulai

Location

Pankrono , Ghana

On-time repayments

124 weekly installments  •  77%

About Me

Am Abdulai Ishaq a Ghanaian from a family of four being the third child.Have completed senior high school and have passed but due to inadequate funds am now home cause my mother couldn't afford the fees for further education from her petty trading.

My Business

Am into kente weaving a locally woven cloth which is in high demand locally and internationally.It is from this kente weaving that I will repay my loan facility from your outfit. Total cost of production is $27with a weekly profit of about $7.With frequent savings, I wish to pay my University fees.

Loan Proposal

I will buy yarns of different colors worth $27
Proceeds from my kente clothing will go into my upkeep of $5 and $10 savings towards my university education
Am expecting my profit to increase to $15 after I have repaid my loan facility

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$29.59

Date disbursed

Jun 6, 2018

Repayment status

Late

Projected term

3 weeks

Cost to entrepreneur

Service fee: 5% of $29.59 = $1.00

Credit risk payment: $2.16

Lenders

PG

Paul Graham

United States

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