Loan to buy materials and equipment for my clothing busines

Akua Gloria

Amantin, Ghana

3% repaid

Entrepreneur

Name

Akua Gloria

Member since

September 2015

On-time repayments

64 installments  •  41%

About Me

My name is Akua Gloria Kamayo a girl from Amantin in the Brong Ahafo region of Ghana.I am 29 years of age. I started my basic school at A mantin English and Arabic.I also went to senior high at Ejuraman secondary school a town near to my home town.After my senior high,i went to a vocational school at Atebubu where i lent how to sew cloths for both men and women. I lent it for four years before i got my certificate .My parents are Mr and Mrs kyere.I have two brothers and one sister .I am the second born to my parents .i The food i like best is fufu and my hobbies are watching movies and swimming.and dancing.

My Business

I started my business some years after completing my education. I have my own shop which i worked in .I am a seamstress who sew children,men and women cloths.I have two apprentice who help me in sewing my customers cloths.The name of my business is GOD IS GOOD FASHION AND DESIGN.I manage to get 65% profit every week. It is my dream to expand my business by employing people who have just completed their seamstress school and those who are yet to lean.This will enable me to increase my profit.

Loan Proposal

I thank you for the second loan ggiven me. It really made tremendous boost in my clothing production business.
I now need a third loan of $606.00 to purchase more materials and equipment to help me in my clothing business.
Below is a breakdown of how the loan of $606.00 will be used;
10 rolls of stiff will cost $100.00 at 10 dollars per roll.
10 rolls of linen will cost $100.00 at 10 dollars per roll.
20 sets of white material will cost $200.00 at 10 dollars per set
10 sets of African material will cost $100.00 at 10 dollars per set
10 sets of assorted material will cost $100.00 at 10 dollars per set
Sewing thread, needles, safety pins and other miscellaneous will cost $6.00
My weekly profit is expected to increase by 30% if all the listed items are acquired.
As usual, I promise to pay back all my loans as scheduled.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$606.00

Date disbursed

Apr 29, 2016

Repayment status

Late

Projected term

63 months

Lenders

nicole

Worcester, Ma, United States

The Zinc Team

San Francisco, United States

JG

Jake Gibson and Beverly Picardo

San Francisco, United States

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Summary

Amount repaid

$17.99

Amount remaining

$618.15

Expected completion

Feb 26, 2017

Status

Repaying late

Installment amount

$24.70

Repayment History

Expected Payments Actual Payments
May 8, 2016 $8.06 May 11, 2016 $8.06
May 15, 2016 $1.34 May 15, 2016 $1.34
May 22, 2016 $1.34 Jun 12, 2016 $1.34
May 29, 2016 $1.34 Jun 12, 2016 $1.34
Jun 5, 2016 $1.34 Jun 12, 2016 $1.34
Jun 12, 2016 $1.34 Jun 12, 2016 $1.34
Jun 19, 2016 $0.00
Jun 26, 2016 $0.00
Jul 3, 2016 $0.00
Jul 10, 2016 $0.00
Jul 17, 2016 $0.00
Jul 24, 2016 $0.00
Jul 31, 2016 $0.00
Aug 7, 2016 $0.81 Sep 4, 2016 $0.81
Aug 14, 2016 $0.81 Sep 4, 2016 $0.81
Aug 21, 2016 $0.81 Sep 4, 2016 $0.81
Aug 28, 2016 $0.81 Sep 4, 2016 $0.81
Sep 4, 2016 $24.70
Sep 11, 2016 $24.70
Sep 18, 2016 $24.70
Sep 25, 2016 $24.70
Oct 2, 2016 $24.70
Oct 9, 2016 $24.70
Oct 16, 2016 $24.70
Oct 23, 2016 $24.70
Oct 30, 2016 $24.70
Nov 6, 2016 $24.70
Nov 13, 2016 $24.70
Nov 20, 2016 $24.70
Nov 27, 2016 $24.70
Dec 4, 2016 $24.70
Dec 11, 2016 $24.70
Dec 18, 2016 $24.70
Dec 25, 2016 $24.70
Jan 1, 2017 $24.70
Jan 8, 2017 $24.70
Jan 15, 2017 $24.70
Jan 22, 2017 $24.70
Jan 29, 2017 $24.70
Feb 5, 2017 $24.70
Feb 12, 2017 $24.70
Feb 19, 2017 $24.70
Feb 26, 2017 $0.54

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