Materials for making sofas

Issifu

Golokwati, Ghana

100% repaid

Entrepreneur

Name

Issifu

Member since

October 2020

On-time repayments

13 installments  •  62%

About Me

My name is Issifu Sabeliwu.I come from Northern part of Oti Region of Ghana,Dambai.I am 37 years old.I am married with 5 children.I completed Oti Secondary Technical School at Dambai-Banka.My parents are farmers.They produced crops such as yam,maize, groundnuts and beans.These are the crops that my parents cultivated to look after me and my siblings.I am the third born of my parents.I wasn't able to continue my education after Senior High because of financial problem.I was taught by my parents to always work hard to be successful in life.After my education, I went and stayed with one of my uncle's in Kumasi to learn carpentry work.I learned the work with humidity for 3 years and also served my master for 1 year.I become the best among my mates.After my graduation,I left Kumasi to Dambai to established my own shop but it has not been easy.

My Business

I have my own carpentry shop currently at Dambai. I have seven apprentice.We engage in activities such as roofing, kitchen cabinets,wore-drop, production of room chairs and sits and many more.I do get contracts to produce chairs for schools through the District Assembly.But sometimes the contract money money doesn't come early as it is expected, one have to pre-finance to start the project before later the assembly releases funds for such projects.In Ghana here too, sometimes getting access to such business loan as someone who is not on government payroll becomes difficult.It takes time before one can be granted a loan.It is my hope that Zidisha will grant me a loan to execute my projects .

Loan Proposal

I will use the loan to buy more materials for my Sofa business.There have been a higher demand from my customers to produce Sofa for them to place in their rooms.This has compel me look for another source of capital to invest in the business. I will be happy if Zidisha can assist me in that regard to buy more materials for the business.

Income Source

I have been working all the time in my area here because there is no restrictions of movement.Since I always work I will be able to raise funds through savings to pay for the loan.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$171.00

Date disbursed

Oct 22, 2020

Repayment status

On Time

Projected term

1 week

Lenders

John Minges

United States

M

Margaret

United States

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Summary

Amount repaid

$171.35

Amount remaining

$0.00

Date repaid

Oct 30, 2020

Status

Fully repaid

Repayment History

Expected Payments Actual Payments
Oct 29, 2020 $171.35 Oct 29, 2020 $55.88
Oct 29, 2020 $18.56
Oct 29, 2020 $20.98
Oct 30, 2020 $21.53
Oct 30, 2020 $29.15
Oct 30, 2020 $25.06
Oct 30, 2020 $0.19

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