Furniture to stock my store

Rebecca

Techiman, Ghana

Funds disbursed

$0 to go

100% funded of $30 goal

0

days left

Entrepreneur

Name

Rebecca

Member since

May 2017

On-time repayments

17 installments  •  24%

About Me

Rebecca Addai is my name. I am a native of Techiman Aworowa in the Brong Ahafo region of Ghana. In my childhood, my parents had a broken home which led my father to take a second wife. My caring was left to my mother alone. Lack of money could not permit her to persue my education after my junior High school. I indulged myself in petty trading like selling of pure water and drinks. I got married and my husband was able to help me start a furniture business.
People in Techiman like going to school. My children also like going to school.
I love my current work and I love my town, Techiman. All because business is very good at Techiman city.

My Business

Students tables and chairs are basically what I sell. In addition, I add some wooden furniture used in the home, for example, tables and chairs for eating, capboard, doors, door flame, windows, window flames,chop box, moneybox, barrel covers, etc.
Many people go to school (children). THis makes them need tables and chairs. So, people buy the tables and the chairs quickly and frequently, most especially, during the beginning of the terms. I incur the cost of about GHS 5 000 . 00 and after the sales, I can generate about GHS 8 500 . 00 which helps me to support my husband in bringing up the children and caring for the family needs. In fact, it helps me a lot.

Loan Proposal

I sell furniture. Different types of furniture. Some are doors and door flames, windows and window flames, school table and chairs, chop table and chairs, stools used at homes, chop box for boarders at schools, money box for savings, banku stick, barrel covers, etc. I will buy these items to stock my store in the Techiman market. When I stock it, I will sell and get profit out of it. I will get enough money to expand my business and help my family. $1,000 would be enough to expand my business to a very high level. With this, I can gain about $1,600 giving me $800 as my profit after the sales. Then I can restock for new profits.
Actually, I don't make them. In Ghana, there is a city called Kumasi where carpenters make these furniture in large quantities and affordable prices. I buy from them and bring them to Techiman to sell to buyers. This makes me generate a lot of profit. A chair and a table is bought at 25ghs and I sell it at 40ghs. It's like I make new stocks every week. It's a nice business and I love it.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$30.00

Date disbursed

Aug 15, 2017

Repayment status

Late

Projected term

3 months

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JakeA

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M

Moonknight

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PG

Paul Graham

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Craig Newmark

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Humble Bundle Community

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Paul Buchheit

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A

Anonymous

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CN

Craig Newmark

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Ronald

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SW

Sean Walsh

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Summary

Amount repaid

$0.00

Amount remaining

$30.18

Expected completion

Nov 20, 2017

Status

Repaying late

Installment amount

$2.40

Repayment History

Expected Payments Actual Payments
Aug 28, 2017 $2.40
Sep 4, 2017 $2.40
Sep 11, 2017 $2.40
Sep 18, 2017 $2.40
Sep 25, 2017 $2.40
Oct 2, 2017 $2.40
Oct 9, 2017 $2.40
Oct 16, 2017 $2.40
Oct 23, 2017 $2.40
Oct 30, 2017 $2.40
Nov 6, 2017 $2.40
Nov 13, 2017 $2.40
Nov 20, 2017 $1.44

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