Loan to expand my clothing business
Rebecca
Berekum Kato, Ghana
100% repaid
Entrepreneur
Name
Rebecca
Member since
July 2015
On-time repayments
177 installments • 50%
About Me
My name is Rebecca Affum and am 32 years old. I started schooling in Dunkwa-on-offin, Zoin no. 2 Primary school. I was brought to the Capital city of Ghana to further my education but things didn't move on well as expected. My parents relocated from Dunkwa-on-offin which is in the central Region of Ghana which basically in theCentral Region . I finished my Junior high school there in which l was left alone to face the world.
I thought of going into the sale of used dresses . I earn a lot .which really help cover much of my expenses. I usually take the dress to friends who are into sowing to help me the fress in good shape and size .From observations l noticed l was using alot of funds.I decicided to develop instrest ,so l started small atyached to a friend when l need assistance withoout any formal training.
Currently I am a single mother with one child who is schooling now. I love her so much.
My Business
Well as I said earlier on I have the passion for dressmaking. My mother has a sowing machine so that's what I started using I'm my business. I was making some new dresses from the second hand clothing. I realise I can make it a big time business if I have a formal training. My child's father supported in my schooling as a professional dressmaker. After schooling I started make dresses and I was making money but it got to a point where I want to expand my business, things became difficult. I use to sell my products outside the country normally to the United States. This became worse when my husband divorced me. I have been able to build up a working capital for about $2000, I have a large demand but the raw materials to deliver is my challenge. Thank you
Loan Proposal
Thank you my lovely lenders for your support and timely help. Now I have being able to expand my sales across the country and beyond. Things sent to the state has being easy for me now because of your support . I still need a loan for about $10000.00, for the expansion of my business. There are more demand of my clothes in The United States but the financing is a challenge. Will use about 80% of the loan to buy more raw materials for my production and the remaining 20% to clare my outstanding utility bills at my work place. If am able to raise this loan I will be able to increase my profit to about 80% and also take good care of my daughter for her to have a better and quality education. My costumer based has increased now so I have employed one person to help me carry out the work at my shop. I have been able to register my company now. Thank you lenders in advance
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Loan Info
Project Type
Classic Loan
Disbursed amount
$565.00
Date disbursed
Oct 22, 2016
Repayment status
On Time
Projected term
9 months
Other loans
Lenders
United States
United States
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