Loan to buy a better sewing machine

Blaise

Cape Coast, Ghana

5% repaid

Entrepreneur

Name

Blaise

Member since

June 2015

On-time repayments

110 installments  •  20%

About Me

I started school at Ankaful village. I am the elderly child my parent and a graduate of Junior high school at Ankaful M/A J.H.S.Through my diligent lies I gained an admission into St.Charles secondary school where i studied fashion designing.After completing in the year 2013, life was very tough so I was not able to proceed to the tertial level to continue my education due to financial problems.So i decide instead of sitting idle i joined a friend who is into fashion design.I improved my fashion skills and from there I thought it wise start my own fashion center with name "Horoes fashion center". I started this business with the help of my uncle who bought me a brand new sewing maching and $300 to rent a place to be precide a shop to my business.
Where I reside is a peaceful area and is closed to a Ankaful Nurses Training school and the Ankaful psychatric hospital.
I've always dream of becoming a hero in fashion through tha i will building a bright future for my children in the near future. I want them to be a nurse and businessman.
I like football and table tennis and watching wrestling.

My Business

I sew, repair and design clothes.I also sell materials like thread,needles,zips and linen for sewing of clothing.
Nowadays people are patronising the locally made clothes.Also fashion is growing well in Africa in general and Ghana in particular.
I choose this business because of the love and zeal I have towards sewing of clothing and also my dream of becoming a great fashion designer like Zara,D&G,Gucci among others.Aside this, it is very lucritive because the nurses students around always bring theirs uniform for either sewing or repairing them.People far and near bring their clothes for sewing.
My typical cost was $200 and I want my income to be increase from $50-300 monthly.
I will use my loan together with the $150 i have saved to expand my shop which will cause $450.I have been able to buy my knitting machine with the help of zidisha.With this knitting machine i have worked without thinking of going to the next town to make neating on my clothing. Aside the $20 i gain from sewing everyday, i make extra money with the knitting machine since other semstress and tailors come and make knitting on their clothing .With this amoun i know i can repay my loan within the given time.And possibly adjust my repayment. Every businessman dream of making profit when doing business.So the profit i will make from my business will saved.Part(50% of the savings will be invested into my business in pocurement of extra machines.Whiles the other part for will be for the betterment future of my children when they arrive.Though they are not yet in,we must plan for the future.

Loan Proposal

I will purchase a sewing machine with my loan. This will enable me grow my fashion business. The price of the sewing machine will cost $300. i will buy this newly machine with my loan in addition to my savings. I have been expanding my project annually due to determination,hard work and thesupport you have providing to me . I thank my lenders for this great opportunity given to me expand my business.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$103.00

Date disbursed

Feb 9, 2017

Repayment status

Late

Projected term

10 months

Lenders

F

flaguy999

Tampa, United States

I

Ian

United Kingdom

MR

Michiel Rauws

San Francisco, Netherlands

PG

Paul Graham

United States

Craig Newmark

United States

The Zinc Team

San Francisco, United States

Humble Bundle Community

San Francisco, United States

Paul Buchheit

Mountain View, United States

JG

Jake Gibson and Beverly Picardo

San Francisco, United States

A

Anonymous

United States

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Summary

Amount repaid

$4.75

Amount remaining

$98.48

Expected completion

Dec 17, 2017

Status

Repaying late

Installment amount

$2.37

Repayment History

Expected Payments Actual Payments
Feb 19, 2017 $2.37 Feb 20, 2017 $2.37
Feb 26, 2017 $2.37 Mar 4, 2017 $2.37
Mar 5, 2017 $2.37
Mar 12, 2017 $2.37
Mar 19, 2017 $2.37
Mar 26, 2017 $2.37
Apr 2, 2017 $2.37
Apr 9, 2017 $2.37
Apr 16, 2017 $2.37
Apr 23, 2017 $2.37
Apr 30, 2017 $2.37
May 7, 2017 $2.37
May 14, 2017 $2.37
May 21, 2017 $2.37
May 28, 2017 $2.37
Jun 4, 2017 $2.37
Jun 11, 2017 $2.37
Jun 18, 2017 $2.37
Jun 25, 2017 $2.37
Jul 2, 2017 $2.37
Jul 9, 2017 $2.37
Jul 16, 2017 $2.37
Jul 23, 2017 $2.37
Jul 30, 2017 $2.37
Aug 6, 2017 $2.37
Aug 13, 2017 $2.37
Aug 20, 2017 $2.37
Aug 27, 2017 $2.37
Sep 3, 2017 $2.37
Sep 10, 2017 $2.37
Sep 17, 2017 $2.37
Sep 24, 2017 $2.37
Oct 1, 2017 $2.37
Oct 8, 2017 $2.37
Oct 15, 2017 $2.37
Oct 22, 2017 $2.37
Oct 29, 2017 $2.37
Nov 5, 2017 $2.37
Nov 12, 2017 $2.37
Nov 19, 2017 $2.37
Nov 26, 2017 $2.37
Dec 3, 2017 $2.37
Dec 10, 2017 $2.37
Dec 17, 2017 $1.19

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