Constructing a permanent shop building
Charity
Sunyani, Ghana
100% repaid
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
My precious lenders, I thank you all once again for my previous loan. I have been able to put up a container where i can stationed and sell my goods but it is left with the roofing and other finishing touches. I am therefore here again, asking you to again fund my loan for me to complete it and also by more inventory since we are getting very close to Christmas.
I shall repay it back with all honesty and sincerity as I always did. I trust you will find my loan as you always did. Thank you for your ever ready support of making me realize my heartfelt desire
Feedback
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Neutral
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Negative
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Loan Info
Project Type
Classic Loan
Disbursed amount
$1,260.00
Date disbursed
Nov 7, 2016
Repayment status
On Time
Projected term
7 months
Other loans
Lenders
Hartford, Wisconsin, United States
United States
United Kingdom
United States
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Summary
Amount repaid
$1,254.45
Amount remaining
$0.00
Date repaid
May 23, 2017
Status
Fully repaid
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Nov 16, 2016 | $38.39 | Nov 15, 2016 | $38.39 |
| Nov 23, 2016 | $38.39 | Nov 15, 2016 | $0.26 |
| Nov 22, 2016 | $38.13 | ||
| Nov 30, 2016 | $38.39 | Nov 22, 2016 | $1.02 |
| Nov 28, 2016 | $37.36 | ||
| Dec 7, 2016 | $38.39 | Nov 28, 2016 | $1.79 |
| Dec 5, 2016 | $36.59 | ||
| Dec 14, 2016 | $38.39 | Dec 5, 2016 | $2.05 |
| Dec 13, 2016 | $36.34 | ||
| Dec 21, 2016 | $38.39 | Dec 13, 2016 | $2.56 |
| Dec 20, 2016 | $35.83 | ||
| Dec 28, 2016 | $38.39 | Dec 20, 2016 | $2.56 |
| Dec 28, 2016 | $35.83 | ||
| Jan 4, 2017 | $38.39 | Dec 28, 2016 | $2.56 |
| Jan 4, 2017 | $35.83 | ||
| Jan 11, 2017 | $38.39 | Jan 9, 2017 | $38.39 |
| Jan 18, 2017 | $38.39 | Jan 16, 2017 | $38.39 |
| Jan 25, 2017 | $38.39 | Jan 16, 2017 | $2.05 |
| Jan 23, 2017 | $36.34 | ||
| Feb 1, 2017 | $38.39 | Jan 23, 2017 | $5.89 |
| Jan 30, 2017 | $32.50 | ||
| Feb 8, 2017 | $38.39 | Jan 30, 2017 | $9.72 |
| Feb 6, 2017 | $28.66 | ||
| Feb 15, 2017 | $38.39 | Feb 6, 2017 | $11.52 |
| Feb 14, 2017 | $26.87 | ||
| Feb 22, 2017 | $38.39 | Feb 14, 2017 | $13.56 |
| Feb 22, 2017 | $24.82 | ||
| Mar 1, 2017 | $38.39 | Feb 22, 2017 | $11.00 |
| Mar 1, 2017 | $27.38 | ||
| Mar 8, 2017 | $38.39 | Mar 1, 2017 | $11.00 |
| Mar 8, 2017 | $27.38 | ||
| Mar 15, 2017 | $38.39 | Mar 8, 2017 | $23.80 |
| Mar 15, 2017 | $14.59 | ||
| Mar 22, 2017 | $38.39 | Mar 15, 2017 | $13.05 |
| Mar 20, 2017 | $25.33 | ||
| Mar 29, 2017 | $38.39 | Mar 20, 2017 | $0.77 |
| Mar 27, 2017 | $37.62 | ||
| Apr 5, 2017 | $38.39 | Mar 27, 2017 | $2.05 |
| Apr 3, 2017 | $36.34 | ||
| Apr 12, 2017 | $38.39 | Apr 3, 2017 | $7.68 |
| Apr 10, 2017 | $30.71 | ||
| Apr 19, 2017 | $38.39 | Apr 10, 2017 | $7.68 |
| Apr 19, 2017 | $30.71 | ||
| Apr 26, 2017 | $38.39 | Apr 19, 2017 | $7.68 |
| Apr 26, 2017 | $30.71 | ||
| May 3, 2017 | $38.39 | Apr 26, 2017 | $8.96 |
| May 3, 2017 | $29.43 | ||
| May 10, 2017 | $38.39 | May 3, 2017 | $6.14 |
| May 10, 2017 | $32.24 | ||
| May 17, 2017 | $38.39 | May 10, 2017 | $6.65 |
| May 19, 2017 | $31.73 | ||
| May 24, 2017 | $38.39 | May 19, 2017 | $6.65 |
| May 23, 2017 | $31.73 | ||
| May 31, 2017 | $38.39 | May 23, 2017 | $38.39 |
| Jun 7, 2017 | $38.39 | May 23, 2017 | $38.39 |
| Jun 14, 2017 | $38.39 | May 23, 2017 | $38.39 |
| Jun 21, 2017 | $38.39 | May 23, 2017 | $38.39 |
| Jun 28, 2017 | $26.10 | May 23, 2017 | $26.10 |
Margaret May 29, 2017
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