Entrepreneur
Name
Twum
Member since
February 2016
On-time repayments
85 installments • 48%
About Me
Am called Twumasi Michael. I am 29 years of age, fair in complexion and moderately built. I come from Sunyani-Odumasi in the Brong Ahafo Region of Ghana. I am in a family of seven and the second son of my parents. I had my primary and Basic Education at the Odumasiman Demonstration Primary and J.H.S and furthered at Sunyani Senior High School in the Brong Ahafo Region of Ghana. I pursued an HND course in Marketing at the Sunyani Polytechnic (S-Poly) in Ghana. I am married to Mrs. Comfort Frimpomaa with two lovely kids, Lordina and Peter. I am self-employed. I run my own mini boutique where I sell all kinds cloths, both second hand and brand new (Already made). I entered into this business due to the high demand for cloths in my area. Over the few years of my practice, I have been able to employ one person who give a helping hand at the shop. The food I like best is plain rice and beans stew. My hobbies are reading, watching movies and art work.
My Business
I started my mini boutique with the name"THE BASE SPECIAL BOUTIQUE" in the year 2012 with the capital of $250.00. I sell all kinds of cloths such as men's wear, women's wear, children's wear,shoes and sandals etc. I also sell second-hand cloths of all kinds. I have employed only one person into my business. Now I have a capital of about $750. Due to the increasing demand of cloths, my business is fast growing. I intend to open up my business to a greater height due to the high demand of cloths. I also intend to increase my profit margin from 50% to 60% by the close of the next three months. I am now working also with Herbalife which is a nutrition company and it's now in Ghana. We provide good nutrition to all manner of persons. It had boosted my business strategies and my business is now flourishing like never before. Part of the profit will be reinvested In my business so that I can make prompt payment.
Loan Proposal
Dear lenders, am pleading with you to help me with a loan of $100.00 to purchase more cloths into my mini boutique. I have some capital but not enough to make the purchase. When am given this loan, it will help me expand my boutique and employ more people. It will also help me increase my profit margin by 50% within the next three months. The increase in my profit will go a long way to assist me take very good care of my kids as well as my aged mother. I will agree to any terms and conditions given to me and promise to repay my loan on time. Thank you .
Feedback
Positive
None
Neutral
None
Negative
None
Loan Info
Project Type
Classic Loan
Disbursed amount
$100.00
Date disbursed
Mar 3, 2016
Repayment status
On Time
Projected term
2 months
Other loans
Ask Twum a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.