A loan to support my watches and shoes business

Timothy

Accra, Ghana

Expired

$641 to go

0% funded of $641 goal

0

days left

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Entrepreneur

Name

Timothy

Member since

July 2016

On-time repayments

117 installments  •  68%

About Me

My name is Enchill Timothy. I am 24 years old. I am chocolate in complexion and about 1.4m tall. I have 5 siblings, 3 boys and 2 girls. I attended basic school and continued with Senior High School in Kumasi. I am currently studying nursing in the University of Ghana and I sell watches and sneakers on campus to fetch myself money to cater for My school items. My favourite food is Rice and Tomatoes stew. i spend my leisure time playing football or reading books. I am someone who has passion for saving lives.

My Business

Basically, I used to work as a labourer years back until I heard about Zidisha. Now, with the help of zidisha, I sell sneakers and watches as a part time business on my University campus. Profit from this business helps me buy books for my course and other items I need. I invest into as many as 60 sneakers and 100 watches at a go. Each watch costs $5-25 and each sneaker costs $20-40. I plan on buying more watches when my current loan is funded.

Loan Proposal

I will use this loan to purchase more watches and sneakers to sell during my clinicals in the hospital environment and in my society. I hope on buying about 50 pieces of watches of which each's price ranges from $10 to $55. I also hope on investing my next loan into at least 55 pairs of sneakers each of which will cost about 30-50 dollars. I'm hoping my profit will increase by at least 10% and i will be able to add one or two different fashion accessories by the end of this loan period. this loan will help me in settling my fees from my profit and also help me expand my business. This loan will also enable me purchase some items for school such as stethoscope, thermometer and sphygmomanometer that will help me in appreciating the theory part of my nursing course practically.

Feedback

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Loan Info

Project Type

Classic Loan

Amount requested

$641.00

Other loans

Jul 2016:  $60

Oct 2016:  $59

Dec 2016:  $577

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  • Timothy    Jan 14, 2019

    I will like to thank my lenders for my previous loan. it really helped me. I was able to cater for my school fees from my profit. Although at a point in time, meeting my weekly installment amounts was a problem, I was still able to manage my funds and pay my remaining loan. My previous loan also helped me expand my business as I have been able to add watches to my selling goods.

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  • Timothy    Jan 11, 2019

    I can afford more than the normal installment that's why I am adjusting installment.

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  • Timothy    Dec 2, 2018

    Please things are not flowing as expected so I'll like to reduce my instalment amount to 20 cedis

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  • Timothy    Sep 26, 2018

    I wouldn't be able to pay my due amount because I had to settle part of my school fees with the amount. However, I will like to assure my lenders and zidisha that I can pay a weekly amount of 15GHS for some time then i resume my normal repayment amount of 30GHS. Thank you

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  • Timothy    Aug 9, 2018

    I'm unable to pay the instalment amount because I had to pay part of my fees from my business money so I'll like to reduce my I nstallment amount to 20 cedis for a while

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  • Timothy    Jul 13, 2018

    This is because Market has been slow over the past two weeks.

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  • Timothy    May 24, 2018

    I'm Increasing my loan installment amount because i can pay more than the current amount in the subsequent weeks. Thank you

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  • Timothy    May 4, 2018

    This is because business hasnt been smooth of late and i had to solve a few academic financial issues. hoping to increase my installments very soon

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  • Timothy    Apr 2, 2018

    - i can't afford my current due instalment due to a recent financial crisis I find myself in. I'm hoping to increas my instalments as soon as I'm financially well again.

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  • Eric    Jan 5, 2018

    Hello Timothy, Nice meeting you, my name is Eric and you have been assigned to me by Zidisha as my volunteer mentor. This message is to greet you and get to know how you are doing and going forward how we can assist ourselves to improve in our various chosen line of business.
    Hope to hear from you soon.
    Regards,
    Eric.

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    • Timothy    Jan 6, 2018

      Eric nice to hear from you again. call me on 0543015632 so we can have a fruitful discussion as expected.

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  • Timothy    Dec 18, 2017

    i am changing my installment amount because i can pay more than the previous amount this week

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  • Timothy    Nov 24, 2017

    I will like to thank my lenders for their help since i joined zidisha. i wish to inform them i have gained admission into the School of Nursing, University of Ghana. may God bless my lenders for their generosity and continue to give them the strength to change the lives of people in need.

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  • Timothy    Aug 22, 2017

    My delay in repayment is due to some financial constraints im facing at the moment.

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  • Timothy    Mar 8, 2017

    I wish to adjust my repayment amount because I will be able to pay more than 20 cedis a week due to recent increase in daily sales I make.

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  • Timothy    Jan 17, 2017

    I wouldn't be able to pay my actual amount of 181 cedis this week. this is because most of the items I sold this week were on credit and I had to settle some utility bills at home. My loan has really helped me purchase enough items foor sale this trip.

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  • Timothy    Jan 2, 2017

    I would like to thank my lenders for funding my loan fully. Now I can purchase enough ladies platform shoes and bags to sell. May God bless all my lenders and zidisha..

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  • Timothy    Dec 29, 2016

    These are samples of platform shoes I would purchase when my loan is fully funded.

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  • Timothy    Dec 29, 2016

    I would like to use this opportunity to wish all my lenders and zidisha stake holders a merry festive season and a happy new year in advance. God bless us all.

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  • Timothy    Oct 31, 2016

    My loan has been disbursed to me. I plan on withdrawing it to buy additional electrical materials and a few slippers for sale. I thank my lenders alot. God bless you all.

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  • Timothy    Oct 27, 2016

    I thank my lenders for fully funding my loan. God bless them all.

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