Entrepreneur
Name
Charity
Member since
January 2015
On-time repayments
359 installments • 59%
About Me
About Me
I am Charity Asoelaa,26 years old, am married with a child and I live in Sunyani I finished high School With good grades but cold not go to the University because of finance. So I have started a clothing and bags business.
My Passion is in entrepreneurship and because of that, I have started this clothing business , I love doing business and feel so fulfilled when I am in business.
I love soccer and an ardent lover of business documentaries. I equally love reading business Inspirational books and listening to business tapes.In fact, I have come very far from being the struggle in poverty as an orphan , therefore I am not relenting to achieve my desired dream by owning a group of companies.
I believe in the possibility theory. But however one must always uphold the virtues of honesty, sincerity, genuineness and trustworthiness .
My Business
l am into the sale of clothing and bags that is all categories of bags and clothing which are of higher demand.
The goods are useful and of hire demand because they are goods of necessity which human cannot do without. This is because after eating, one must also cloth him or herself without walking naked.
I chose this type of business because it is profitable and are not perishable .
The typical cost of the goods are the purchasing cost ,transportation cost and roaming cost to clients because i do not have a store therefore operates from the house by going to my clients .since that one involve boarding a taxi from area to another. With the current cost I incur for a consignment 400 US Dollars . 350 US Dollars is the cost of buying the goods from the distributors and then 50 US Dollars for transportation to my destination of business and delivery cost to client in their various areas .
The business is so lucrative with only 0.1% risk of some items not bought on time . Some of the goods are bought at a unit price of 10 US Dollars , 8 US Dollars, 7 US Dollars and others 5 US Dollars and 2 US Dollars.
Therefore the revenue stream is as follows; A profit of 4 and 3 US Dollars is added to each of the unit price of the good depending on the type . However The profit gain is reinvested in growing the business.
Loan Proposal
Thank you so much my able lenders for funding my previous loans. This is going to be my 4th loan and I will be very grateful if I should be supported again by precious lenders. My business is profitable and is taken a very good shape through your support. I promise to repay it back without default as I always did.Thank you.
Feedback
Positive
3
Neutral
None
Negative
None
Loan Info
Project Type
Classic Loan
Disbursed amount
$576.00
Date disbursed
Nov 25, 2015
Repayment status
On Time
Projected term
6 months
Other loans
Lenders
Fontvielle, Monaco, Yemen
United States
Taiwan
United States
United States
United States
United States
Ask Charity a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.
Summary
Amount repaid
$561.75
Amount remaining
$0.00
Date repaid
Jun 2, 2016
Status
Fully repaid
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Dec 6, 2015 | $20.00 | Dec 5, 2015 | $20.00 |
| Dec 13, 2015 | $20.00 | Dec 12, 2015 | $20.00 |
| Dec 20, 2015 | $20.00 | Dec 19, 2015 | $20.00 |
| Dec 27, 2015 | $20.00 | Dec 26, 2015 | $20.00 |
| Jan 3, 2016 | $20.00 | Jan 2, 2016 | $20.00 |
| Jan 10, 2016 | $20.00 | Jan 9, 2016 | $20.00 |
| Jan 17, 2016 | $20.00 | Jan 9, 2016 | $0.50 |
| Jan 16, 2016 | $19.50 | ||
| Jan 24, 2016 | $20.00 | Jan 16, 2016 | $0.50 |
| Jan 23, 2016 | $19.50 | ||
| Jan 31, 2016 | $20.00 | Jan 23, 2016 | $0.50 |
| Jan 30, 2016 | $19.50 | ||
| Feb 7, 2016 | $20.00 | Jan 30, 2016 | $0.50 |
| Feb 6, 2016 | $19.50 | ||
| Feb 14, 2016 | $20.00 | Feb 6, 2016 | $0.50 |
| Feb 12, 2016 | $19.50 | ||
| Feb 21, 2016 | $20.00 | Feb 12, 2016 | $0.50 |
| Feb 20, 2016 | $19.50 | ||
| Feb 28, 2016 | $20.00 | Feb 20, 2016 | $0.50 |
| Feb 27, 2016 | $19.50 | ||
| Mar 6, 2016 | $20.00 | Feb 27, 2016 | $0.50 |
| Mar 5, 2016 | $19.50 | ||
| Mar 13, 2016 | $20.00 | Mar 5, 2016 | $0.50 |
| Mar 12, 2016 | $19.50 | ||
| Mar 20, 2016 | $20.00 | Mar 12, 2016 | $0.50 |
| Mar 19, 2016 | $19.50 | ||
| Mar 27, 2016 | $20.00 | Mar 19, 2016 | $0.50 |
| Mar 26, 2016 | $19.50 | ||
| Apr 3, 2016 | $20.00 | Mar 26, 2016 | $20.00 |
| Apr 10, 2016 | $20.00 | Mar 26, 2016 | $0.50 |
| Apr 9, 2016 | $19.50 | ||
| Apr 17, 2016 | $20.00 | Apr 9, 2016 | $0.50 |
| Apr 16, 2016 | $19.50 | ||
| Apr 24, 2016 | $20.00 | Apr 23, 2016 | $20.00 |
| May 1, 2016 | $20.00 | Apr 30, 2016 | $20.00 |
| May 8, 2016 | $20.00 | May 7, 2016 | $20.00 |
| May 15, 2016 | $20.00 | May 14, 2016 | $20.00 |
| May 22, 2016 | $20.00 | May 21, 2016 | $20.00 |
| May 29, 2016 | $20.00 | May 26, 2016 | $20.00 |
| Jun 5, 2016 | $20.00 | Jun 2, 2016 | $20.00 |
| Jun 12, 2016 | $20.00 | Jun 2, 2016 | $20.00 |
| Jun 19, 2016 | $1.75 | Jun 2, 2016 | $1.75 |
Margaret May 29, 2017
Loading...