To buy leather materials and beads for making bags for sale
Cynthia
Adenta Sda, Ghana
100% repaid
Entrepreneur
Name
Cynthia
Member since
March 2017
On-time repayments
216 installments • 78%
About Me
Born in Accra on 28th January 1980, I am 40 years old. My father has eight children and I being the sixth. Both parent were into subsistence farming and petty trading
Things became difficult for us after the death of our mother, however I managed my mother petty trading and vegetable farming to pay my school fees. Hawking during vacation periods, weekends and after school hours to get money for support the family is the order of the day. Currently, I completed university and work with Beige Capital as Compliance officer. Planning that in the next four years I can go back to the university to do my master’s degree.
My Business
My business is sale of local sandals, beads, slippers, beads tissue box and bead lady's bag. I supply these items to the market women at wholesale prices. Averagely, I make between GHS 1,000 to GHS 1,800 in a month, to still supplement family income. Currently my father is an old man unable to work again. With the Zidisha support, I'm able to earn regular income from my trade and employment, hence I’m able to pay family bills and put food on the family table.
Also, I employed a lady and a guy who assist me supplying these items to the traders in the market centers. Both of them receive a monthly salary of GHS 400.00 each
With additional working capital, I can supply more goods to my customers, hence would be able to make more profit. It's this reason that I am applying the Zidisha loan for the second time.
Loan Proposal
I intend to use the this loan to purchase enough leather, beads, thread, GTP wax print for my local ladies’ hand bags, sandals business.
1. Purchase of leather @ $250
2. Purchase of GTP Wax print @ $150
3. To buy Thread @ $100
4. Payment of bills @ $ 100
In all a total of $ 600 for my next project. Having paid my previous loans without any past due, I'm once again appealing to all lenders, to kindly lend to again, and I will repay your loan to you faithfully.
Feedback
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Loan Info
Project Type
Classic Loan
Disbursed amount
$286.00
Date disbursed
Mar 14, 2019
Repayment status
On Time
Projected term
9 months
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