A loan to pay for my business premises rent

Abdul Hamid

Tamale, Ghana

100% repaid

Entrepreneur

Name

Abdul Hamid

Member since

July 2016

On-time repayments

173 installments  •  36%

About Me

ABOUT ME
I was born in Tamale, in the northern region of Ghana in 1989, I attended both elementary and S.H.S education in Tamale
as well. I never found life easy in terms of financial issues throughout my childhood. My father was a peasant farmer growing cereals in Kumbungu in the Northern region. My mum was selling vegetables in Tamale central market. My mum helped my dad very well in managing the family. My parents earnings was very meager.

Senior High School education was in my mind and i will never forget those difficult moments. I virtually depended on friends for my survival to pursue the four (4) year Bachelor's Degree .
I lost my mum and dad before my tertiary education. I farmed maize and yam just to raise money for my tertiary education. I succeeded in raising that school fees which actually helped me a lot.

having farmed, I raised money and establish locally made sandals and clothing business. I raised US$ 700.00 and started dealing in men clothing and locally made foot wears, but today, my capital is about US$ 1000.00. For the past 3 years my livelihood depends solely on this clothing and sandals business.

Damba festival is a unique festival celebrated by the Mole Dagomba people who dwell in the northern part of Ghana.
It is an interesting festival during which drumming and dancing dominates among other things.

Since I am single, I hope that my children yet unborn will grow up to witness their father running a business empire within Tamale and its enclave.
I like watching wildlife documentary on television at home. I also play football at home during weekends as a way of exercising my body.

My Business

MY BUSINESS
I have opened a boutique in Tamale.
I sell men clothing of all kinds and men footwear as well. In Tamale, not only women like fashionable clothing but men also patronize such clothing. The sandals and clothing business is quiet good in Tamale and I ventured into the Boutique business with determination and passion.
Usually, I may use US$900.00 to purchase goods. I usually impose 10% returns on all items.

A section of the returns is allocated for utility bills every month. Part for settling my workers and debts.
I have paid all monies due me to zidisha lenders. I am looking forward to lenders of this great interest free organization to see me through, thank you.

Loan Proposal

I write to seek for financial assistance to enable me to renew my business rent as it will expires at the end of April. I want to maintain my current location because i do not want to loose my customers may run away to buy from another clothing seller and as such i dully apply for your help. My current financial situation may not permit me to pay the store owner. I am counting on your usual cooperation.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$242.00

Date disbursed

Apr 10, 2017

Repayment status

On Time

Projected term

9 months

Lenders

ads68

Melbourne, Australia

Paul Buchheit

Mountain View, United States

PG

Paul Graham

United States

Craig Newmark

United States

The Zinc Team

San Francisco, United States

Humble Bundle Community

San Francisco, United States

A

Anonymous

United States

Paul Buchheit

Mountain View, United States

A

Anonymous

United States

CN

Craig Newmark

United States

JG

Jake Gibson and Beverly Picardo

San Francisco, United States

A

Anonymous

United States

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