To buy stock of colourful yarns for weaving Kente cloth

Collins

Bonwire Ashanti, Ghana

100% repaid

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How it Works

Entrepreneur

Name

Collins

Member since

June 2015

On-time repayments

149 installments • 86%

About Me

I was born at Bonwire in Ashanti region where l started my basic education. l gained admission into Kumasi Anglican High School (KASS). l was single parented by my mother from 1999 after my father passed away. This brought a bigger financial constraint so l have to weave kente cloth and sell to support my mother to take care of my education; and this continued during my undergraduate studies. currently l weave, buy and sell kente cloth concurrently with my studies in M.Phil Environmental Science at the University of Cape Coast, Ghana. one funny thing about my hometown is that kente weaving is a traditional occupation, nobody teaches you, once you are a native and born in the town, you become an automatic weaver.

My Business

l will use the loan to boost the production and sale of my kente cloth. l have chosen to sell kente cloth because it is locally made but have domestic and international attraction. In Ghana people use kente for every major occasion that requires colourful designs. The cost of production is determined by many factors such as the cloth being men or women size, the category of the designs employed in the cloth and their complications. this time the the loan can help me produce the first class cloth natively called "edwene si edwene so" (art on art). l will use the profit to stipend myself as an M.Phil. Student.

Loan Proposal

l will use the loan to purchase yarns to produce more colourful pieces of kente cloth. This will enable me to get my own cloths to ready cash buyers thereby maximizing profit around $15 per sale. l expect that the profit increases from $15 to $25 this time after selling the clothes l will produce. l will buy cotton yarns and rayon yarns produce four different set of cloths

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nicole Jun 4, 2018

My second loan - still on schedule - I would definitely lend to you a third time!

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Loan Info

Project Type

Classic Loan

Disbursed amount

$303.00

Date disbursed

Mar 29, 2016

Repayment status

On Time

Projected term

17 months

Other loans

Lenders

Paul Buchheit

Mountain View, United States

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Collins Mar 19, 2019

I will use the loan to buy yarns in order to increase my ready cash customers. Thank you zidisha, thank you lenders.

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Collins Jun 9, 2018

zidisha loans have helped me to expand my kente weaving and selling business. The profits made from the business through the assistance of zidisha has helped me complete an MPhil Degree in Environmental Science from the University of Cape Coast, Ghana. Thank you Zidisha, thank you my lenders.

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nicole likes this.
- nicole Jun 10, 2018
  
  Collins, I'm so happy to hear that. It's terribly difficult to work & attend school at the same time. Congratulations on your master's degree!!
  
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  Collins Kuffour likes this.
  - Collins Jun 10, 2018
    
    Thank you Nicole. l am most grateful
    
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Collins Dec 31, 2017

I have used the money to buy new sets of yarns for production

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Collins Dec 23, 2017

I have made sales of cloth l produced and l wish to pay with the profit. Thank you

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Collins Nov 19, 2017

I am most grateful to my lenders. I have received the money you lend to me thus GHs 1700 and some pesewas. I will use the money to buy yarns to weave more Kente cloth. Very soon there is going to be Kente festival 23-25 December and the money will help me to get more ready cash buyers that will increase my profit margin

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Collins Sep 29, 2017

Thank you Zidisha, thank you lenders, I will use the money to buy boxes of rayon and cotton to weave colourful BONWIRE Kente clothes. This will strategically help me to overcome shortage of yarns during the Kente production. Lenders l'm very grateful. Thank you.

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Collins Sep 26, 2017

Thank you Zidisha, thank you lenders, in fact this soft loan has really been a relief to my excruciating pain in finance. Am most grateful

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Collins Sep 18, 2017

I wish to pay with a profit l made from a sale

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Collins Sep 3, 2017

I have made sales of some the Kente product and would like to pay with the profit

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Collins Jun 2, 2017

I have made sales of Kente productand therefore wish to pay with the profit

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Collins Feb 14, 2017

l will always be thankful to Zidisha and for that matter the lenders for helping me out with Zidisha loan. The loan has helped me to raise the number of my ready cash buyers and most importantly l have used the profit extensively for funding my Master of Philosophy (MPhil) Degree and l will be completing by July this year. Thank you Zidisha, Thank you Lenders

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Collins Dec 28, 2016

i have made sales of some the woven kente and wish to pay with the profit

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Collins Nov 5, 2016

l have made sales of some kente l produced. l would therefore like to pay with the profit gained

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Collins Sep 7, 2016

I used the loan to purchase new set of yarns to produce new kente cloth and it has helped me to secure more customers who are interested in retail sale of kente cloth. thank you Lenders, thank you Zidisha

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Collins Jul 29, 2016

i have used the money to purchase some clothes in order to maximize profit

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Collins Jul 12, 2016

zidisha loans are very flexible, good and manageable. zidisha loans have helped me to overcome some life barriers. though l apply the loan for kente production, but the profits the the sale of the cloth is helping me out to fend for my self as M.Phil Student. Thank you Zidisha, Thank you lenders

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Collins Jul 11, 2016

I have gotten some profit from a sale l made from kente cloth

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Collins Apr 22, 2016

l have traveled to place where mobile where there is inconsistent reception and the only amount left in my mobile wallet

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Collins Mar 31, 2016

Thank you Zidisha thank you lenders for giving me a loan of GHc 1156. THE loan has really been a relief to me as a young weaver and up and coming philosopher in the environment. l have bought colourful yarns to produce men and women size of the cloth in attachment.
Thank you lenders

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Collins Mar 25, 2016

l will use the loan to purchase yarns to produce more colourful pieces of Kente cloth. This will enable me to get my own cloths ready for cash buyers, thereby maximizing profit. Profit currently is around $15 per sale. l expect the profit to increase from $15 to $25 this time after selling the cloths l will produce. l will buy cotton yarns for 40 dollars and rayon yarns for 60 dollars, to produce two different sets of cloths.

l will use the loan to buy a new set of yarns to start a new set of colourful Kente-cloth production. This will give me more ready cash, hence the ability to bargain with cash buyers. l am most grateful to the Zidisha team and to the lenders for helping me. Thank you.

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