To buy stock of colourful yarns for weaving Kente cloth
Collins
Bonwire Ashanti, Ghana
100% repaid
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
Feedback
Positive
4
Neutral
None
Negative
None
Loan Info
Project Type
Classic Loan
Disbursed amount
$303.00
Date disbursed
Mar 29, 2016
Repayment status
On Time
Projected term
17 months
Lenders
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Summary
Amount repaid
$318.19
Amount remaining
$0.00
Date repaid
Sep 18, 2017
Status
Fully repaid
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Apr 10, 2016 | $5.25 | Apr 10, 2016 | $5.25 |
| Apr 17, 2016 | $5.25 | Apr 18, 2016 | $5.25 |
| Apr 24, 2016 | $1.31 | Apr 25, 2016 | $1.31 |
| May 1, 2016 | $1.31 | May 4, 2016 | $1.31 |
| May 8, 2016 | $1.31 | May 9, 2016 | $1.31 |
| May 15, 2016 | $1.31 | Jul 6, 2016 | $1.31 |
| May 22, 2016 | $0.00 | ||
| May 29, 2016 | $0.00 | ||
| Jun 5, 2016 | $0.00 | ||
| Jun 12, 2016 | $0.00 | ||
| Jun 19, 2016 | $0.00 | ||
| Jun 26, 2016 | $0.00 | ||
| Jul 3, 2016 | $0.00 | ||
| Jul 10, 2016 | $0.00 | ||
| Jul 17, 2016 | $3.93 | Jul 10, 2016 | $3.93 |
| Jul 24, 2016 | $2.62 | Jul 18, 2016 | $1.31 |
| Jul 25, 2016 | $1.31 | ||
| Jul 31, 2016 | $1.31 | Aug 1, 2016 | $1.31 |
| Aug 7, 2016 | $1.31 | Aug 7, 2016 | $1.31 |
| Aug 14, 2016 | $1.31 | Aug 14, 2016 | $1.31 |
| Aug 21, 2016 | $1.31 | Aug 23, 2016 | $1.31 |
| Aug 28, 2016 | $1.31 | Aug 30, 2016 | $1.31 |
| Sep 4, 2016 | $1.31 | Sep 6, 2016 | $1.31 |
| Sep 11, 2016 | $1.31 | Sep 12, 2016 | $1.31 |
| Sep 18, 2016 | $1.31 | Sep 17, 2016 | $1.31 |
| Sep 25, 2016 | $1.31 | Sep 26, 2016 | $1.31 |
| Oct 2, 2016 | $1.31 | Oct 1, 2016 | $1.31 |
| Oct 9, 2016 | $1.31 | Oct 8, 2016 | $1.31 |
| Oct 16, 2016 | $1.31 | Oct 17, 2016 | $1.31 |
| Oct 23, 2016 | $1.31 | Oct 30, 2016 | $1.31 |
| Oct 30, 2016 | $1.31 | Oct 30, 2016 | $1.31 |
| Nov 6, 2016 | $2.62 | Nov 10, 2016 | $2.62 |
| Nov 13, 2016 | $2.62 | Nov 22, 2016 | $2.62 |
| Nov 20, 2016 | $2.62 | Nov 22, 2016 | $2.62 |
| Nov 27, 2016 | $2.62 | Dec 2, 2016 | $2.62 |
| Dec 4, 2016 | $2.62 | Dec 14, 2016 | $2.62 |
| Dec 11, 2016 | $2.62 | Dec 14, 2016 | $2.62 |
| Dec 18, 2016 | $2.62 | Dec 25, 2016 | $2.62 |
| Dec 25, 2016 | $2.62 | Dec 25, 2016 | $2.62 |
| Jan 1, 2017 | $5.25 | Jan 2, 2017 | $5.25 |
| Jan 8, 2017 | $5.25 | Jan 7, 2017 | $5.25 |
| Jan 15, 2017 | $5.25 | Jan 15, 2017 | $5.25 |
| Jan 22, 2017 | $5.25 | Jan 29, 2017 | $5.25 |
| Jan 29, 2017 | $5.25 | Jan 29, 2017 | $5.25 |
| Feb 5, 2017 | $5.25 | Feb 12, 2017 | $5.25 |
| Feb 12, 2017 | $5.25 | Feb 12, 2017 | $5.25 |
| Feb 19, 2017 | $5.25 | Feb 28, 2017 | $5.25 |
| Feb 26, 2017 | $5.25 | Feb 28, 2017 | $5.25 |
| Mar 5, 2017 | $5.25 | Mar 12, 2017 | $5.25 |
| Mar 12, 2017 | $5.25 | Mar 12, 2017 | $5.25 |
| Mar 19, 2017 | $5.25 | Mar 24, 2017 | $5.25 |
| Mar 26, 2017 | $5.25 | Mar 24, 2017 | $5.25 |
| Apr 2, 2017 | $5.25 | Apr 8, 2017 | $5.25 |
| Apr 9, 2017 | $5.25 | Apr 8, 2017 | $5.25 |
| Apr 16, 2017 | $5.25 | Apr 23, 2017 | $5.25 |
| Apr 23, 2017 | $5.25 | Apr 23, 2017 | $5.25 |
| Apr 30, 2017 | $5.25 | May 4, 2017 | $5.25 |
| May 7, 2017 | $5.25 | May 4, 2017 | $5.25 |
| May 14, 2017 | $5.25 | May 19, 2017 | $5.25 |
| May 21, 2017 | $5.25 | May 19, 2017 | $5.25 |
| May 28, 2017 | $5.25 | Jun 1, 2017 | $5.25 |
| Jun 4, 2017 | $5.25 | Jun 1, 2017 | $5.25 |
| Jun 11, 2017 | $6.56 | Jun 17, 2017 | $6.56 |
| Jun 18, 2017 | $6.56 | Jun 17, 2017 | $6.56 |
| Jun 25, 2017 | $6.56 | Jul 2, 2017 | $6.56 |
| Jul 2, 2017 | $6.56 | Jul 2, 2017 | $6.56 |
| Jul 9, 2017 | $6.56 | Jul 14, 2017 | $6.56 |
| Jul 16, 2017 | $6.56 | Jul 14, 2017 | $6.56 |
| Jul 23, 2017 | $6.56 | Jul 31, 2017 | $6.56 |
| Jul 30, 2017 | $6.56 | Jul 31, 2017 | $6.56 |
| Aug 6, 2017 | $6.56 | Aug 6, 2017 | $6.56 |
| Aug 13, 2017 | $6.56 | Aug 13, 2017 | $6.56 |
| Aug 20, 2017 | $6.56 | Aug 26, 2017 | $6.56 |
| Aug 27, 2017 | $6.56 | Aug 26, 2017 | $6.56 |
| Sep 3, 2017 | $7.87 | Sep 3, 2017 | $7.87 |
| Sep 10, 2017 | $7.87 | Sep 10, 2017 | $7.87 |
| Sep 17, 2017 | $0.00 | ||
| Sep 24, 2017 | $41.45 | Sep 18, 2017 | $41.45 |
nicole Jun 4, 2018
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