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 boost the production and sale of my kente cloth. l have chosen to produce and 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. the production cost for the cloths on my face book profile is $110. 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 cotton yarns of 40 dollars and rayon yarns of 60 dollar to produce two different set of cloths
Feedback
Positive
4
Neutral
None
Negative
None
Loan Info
Project Type
Classic Loan
Disbursed amount
$142.00
Date disbursed
Dec 14, 2015
Repayment status
On Time
Projected term
3 months
Lenders
Taiwan
United States
United States
Ask Collins a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.
nicole Jun 4, 2018
Loading...