Reselling trousers, shirtsand handbags to fund my education
Christian
New -suame, Kumasi, Ghana
5% repaid
Entrepreneur
Name
Christian
Member since
January 2017
On-time repayments
62 installments • 58%
About Me
Christian Yeboah is my name. I am a Ghanaian living at New Suame-kumasi. I had my basic school training at New- Suame M/A school. I was the school prefect at my school.
My wish to advance in the educational ladder and be successful as a student and this made me learnt some principles in life which has kept me soaring g higher. I have passion in all I do and this has really helped me as an outstanding and high achieving student. My parents are subsistence farmers who solely depends on their farm produce. I am the first born of seven kids of my parents. I successful passed all my B.E.C.E exams and proceeded to the senior high school. When i got to the senior high school i nearly dropped out from school because my parents were finding it very difficult to settle my bills. I was at denied the opportunity to take part in lessons because of the non payment of school fees but this never stopped me from pursuing/chasing my academic goals. I was very determined. I completed the high school and had a very good grade taunted as one of the best in my year group but the money to buy university admission form was my biggest problem. I told my parent of my plans to continue my education but they were not having the finances to support me. A neighbour after seeing my senior high school certificate decided to buy me a university form and by the grace of God i got business administration, one of the most sought after business programme in Ghana. When the admission came i informed my church and they paid my admission fees to enroll on the programme but the money to buy books and other stationaries was my biggest worries so i ventured into campus business which has provided my needs as student till now.I sell second-hand clothes to my fellow students. my principal cannot allow me to buy more and sell to make an outstanding profit and get dividend to pay fees and afford my books.help me expand my business.
My Business
I provide students with shirts, trousers and quality handbags and the demand for these items is more than i can supply due to my finances. I chose this business because the student are in need of affordable clothes and bags to make life worth living and not everyone could afford high class boutique wear on campus and there some some from poor background who could not afford the cost of sop his cater and high priced designer wears. I reinvest the profit in the business and in my education.
Loan Proposal
I need about 900 dollars to buy more trousers, shirts and ladies handbags to serve the needs of my numerous customers. The goods are in constant demand and I have a large market base. Students needs quality and affordable shirts, trousers and handbags to match the dressing needs. I need the money to procure more of these goods in order to generate enough revenue to pay for my school fees and also to reinvest the rest of the revenue in the business to grow it.
Here is the breakdown of the thing I will procure with the loan:
Shirt = 300 dollars
Trousers = 200 dollars
Handbags =400 dollars.
The loan when granted to procure the above mentioned goods will help my business to grow and double my earnings.
Thank you.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$1,823.00
Date disbursed
Aug 14, 2017
Repayment status
Late
Projected term
87 months
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