I am Leonard Ampofo, 26 years old. I am the second child in a family of four. I had my basic education at Obuasi in the Ashanti Region, and continued on to the senior-high level at Cape Coast in the Central Region. I then proceeded to the University for Development Studies at Wa in the Upper-West Region of Ghana, where I studied Environment and Resource Management.
After years of job searching proving futile, I began to combine what l had learned during my four years at the University with one of the talents in my family. We are gifted with the talent of designing African wear; we use African traditional prints to make clothing. Ghana has a convergence of many tribes, making it a beautiful atmosphere in which to enjoy the differences of the various ethnic groups. I am self-employed, designing and making African wear. I entered this business due to my passion for African clothing made from African prints, and because of my desire to become a successful entrepreneur in the near future. My hobbies are reading, swimming, preaching and listening to sermons.
I design and make clothing. I have been doing this for over 3 years. I design and sew both women's and men's clothing, and I also sew school uniforms. I combine various African and foreign prints to produce unique designs for individual and retail customers. The clothing also is unique because I combine the traditional with the modern. My products are of good quality, and my clients prefer that I also make clothes for those whom they refer to me. I have 3 apprentices helping me. My goods are in high demand because my pricing is fair. People prefer to buy from me because I offer them credit, especially salaried workers. My typical costs are: $100 monthly for water and electricity, and $60 monthly to rent two shops. On average, I make a revenue of about $500. So, my net profit is $340 in an average month. My profit is used for paying my siblings' school fees and for buying more fabric for my business.
This loan, when fully funded, will be used to purchase fabrics for my work. This will pave the way to increase my products(output) hence meeting individual-customer and retail-customer demand. I will buy different types of fabrics at a cost of $567.782, and will spend $150 for machine servicing and maintenance whilst $100 will be used to purchase threads for my work. This will help increase my products(output) and is expected to increase my profit by 45%.
REPAYMENT
I will pay back my loan from income I earn from my daily sale
Purchase of fabrics
I am Leonard Ampofo, 26 years old. I am the second child in a family of four. I had my basic education at Obuasi in the Ashanti Region, and continued on to the senior-high level at Cape Coast in the Central Region. I then proceeded to the University for Development Studies at Wa in the Upper-West Region of Ghana, where I studied Environment and Resource Management.
After years of job searching proving futile, I began to combine what l had learned during my four years at the University with one of the talents in my family. We are gifted with the talent of designing African wear; we use African traditional prints to make clothing. Ghana has a convergence of many tribes, making it a beautiful atmosphere in which to enjoy the differences of the various ethnic groups. I am self-employed, designing and making African wear. I entered this business due to my passion for African clothing made from African prints, and because of my desire to become a successful entrepreneur in the near future. My hobbies are reading, swimming, preaching and listening to sermons.
I design and make clothing. I have been doing this for over 3 years. I design and sew both women's and men's clothing, and I also sew school uniforms. I combine various African and foreign prints to produce unique designs for individual and retail customers. The clothing also is unique because I combine the traditional with the modern. My products are of good quality, and my clients prefer that I also make clothes for those whom they refer to me. I have 3 apprentices helping me. My goods are in high demand because my pricing is fair. People prefer to buy from me because I offer them credit, especially salaried workers. My typical costs are: $100 monthly for water and electricity, and $60 monthly to rent two shops. On average, I make a revenue of about $500. So, my net profit is $340 in an average month. My profit is used for paying my siblings' school fees and for buying more fabric for my business.
This loan, when fully funded, will be used to purchase fabrics for my work. This will pave the way to increase my products(output) hence meeting individual-customer and retail-customer demand. I will buy different types of fabrics at a cost of $567.782, and will spend $150 for machine servicing and maintenance whilst $100 will be used to purchase threads for my work. This will help increase my products(output) and is expected to increase my profit by 45%.
REPAYMENT
I will pay back my loan from income I earn from my daily sale