Loan to buy inventory for my jewellery business venture
Gloria
Tema , Ghana
100% repaid
Entrepreneur
Name
Gloria
Member since
November 2017
On-time repayments
114 installments • 82%
About Me
I am Gloria Agbadi, a 23 year old Ghanaian, Biomedical Engineering graduate from the Kwame Nkrumah University of Ghana. I had my primary and junior high school education at St Mary's International School and Better Best Academy respectively after which I studied General Science at Achimota Senior High school.
I have a peculiar interest in fashion and colours which found me searching for new jewellery designs in my leisure periods. Bead making in a ind
igenous activity in Ghana and beaded accessories are an irreplaceable item in our cultural dressing.
Growing up in a country like mine where graduate unemployment is on the rise, I decided to turn my interest in bead making into an employment opportunity for myself and others.
After 3 years of bead making I developed an interest in fine jewelry and now learning and developing new skills in the field.
My Business
Fashion is a fast growning industry all around the world . It is a very promising one with very high demands since clothing is a basic human need. I want to promote African fashion especially beaded accessories. Through my Zidisha loans, I have been able to fund my business advertisements on social media and widen my customer base by 250%. My goal is to expand my business to a world class beaded accessory and jewellery production company. The profit I make is reinvested into buying more raw materials and equipment to increase production.
Loan Proposal
The loan will enable me purchase more jewelry inventory for my jewelry business. I will purchase raw materials for custom jewelry production and more chains and accessories for the growing demand of products.
Income Source
Over the few years my business has built a stable social media and online presence. 50% of sales are made online and thus we are still able to do business regardless of the covid-19 pandemic... However, total number of sales have been affected by the pandemic.
Feedback
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Neutral
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Negative
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Loan Info
Project Type
Classic Loan
Disbursed amount
$133.00
Date disbursed
May 5, 2020
Repayment status
On Time
Projected term
3 months
Other loans
Lenders
Houston, United States
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Summary
Amount repaid
$133.66
Amount remaining
$0.00
Date repaid
Aug 11, 2020
Status
Fully repaid
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| May 17, 2020 | $13.37 | May 18, 2020 | $13.37 |
| May 24, 2020 | $13.37 | May 31, 2020 | $13.37 |
| May 31, 2020 | $13.37 | Jun 4, 2020 | $13.37 |
| Jun 7, 2020 | $13.37 | Jun 19, 2020 | $13.37 |
| Jun 14, 2020 | $13.37 | Jun 19, 2020 | $13.37 |
| Jun 21, 2020 | $6.68 | Jun 21, 2020 | $6.68 |
| Jun 28, 2020 | $6.68 | Jun 29, 2020 | $6.68 |
| Jul 5, 2020 | $6.68 | Jul 6, 2020 | $6.68 |
| Jul 12, 2020 | $6.68 | Aug 11, 2020 | $6.68 |
| Jul 19, 2020 | $6.68 | Aug 11, 2020 | $6.68 |
| Jul 26, 2020 | $13.37 | Aug 11, 2020 | $13.37 |
| Aug 2, 2020 | $13.37 | Aug 11, 2020 | $13.37 |
| Aug 9, 2020 | $6.68 | Aug 11, 2020 | $6.68 |
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