Capital to buy 9 more kente cloth
Winifred
Danfa-accra, Ghana
100% repaid
Entrepreneur
Name
Winifred
Member since
April 2014
On-time repayments
52 installments • 62%
About Me
I am Winifred Boamah, a Ghanaian and a graduate in Swahili and Political Science. I am from a family of eight and the oldest of my siblings. Am currently doing my national service at University of Ghana, Legon-Accra. I love to learn other languages because I believe language breaks all forms of barriers and the limited number of languages one has acquired determines his or her limitation in the world.
I am a young lady who is aspiring to become an entrepreneur in order to contribute to the socio-economic development of my community and encourage and support new start-ups in my Region and Ghana has whole.
My Business
My small-scale business is basically about the buying and selling of Kente Clothes. Kente cloth - has its origin with the Ashanti Kingdom, and was adopted by people in Ivory Coast and many other West African counties. It is an Akan royal and sacred cloth worn only in times of extreme importance and was the cloth of kings. Over time, the use of kente has become more widespread due to the prestige attached to it hence increasing the demand for the cloth. However, its importance has remained and it is held in high esteem with Akans as well as Africans in the diaspora.
As a business strategy,I sell out my Kente Clothes to individuals, students, and government workers at a relatively lower prices and this has attracted a high demand for my goods.
Despite the high demand for my Kente goods, I am financially challenged and would like to use this platform for a loan to expand my Kente business.
Loan Proposal
My previous loan from Zidisha lenders helped my business tremendously!!! When I get this fund from lenders, it will help me improve my business in the following ways; due to the daily introduction of wide variety of kente designs, this loan will help me buy 9 new designs of kente cloth which costs $450 in order to increase my customers' choice and also help my business to survive in the business competition. This loan will apparently expand my business and also suit the demand needs of my customers. This will indirectly help promote and sustain locally produced goods in general. Lenders should help me because It will help me to expand my kente business within my community and other communities around me. I will repay this Loan through my earnings so Lenders should kindly support me. Thank You.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$431.00
Date disbursed
May 31, 2014
Repayment status
On Time
Projected term
3 months
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