Colorful materials for weaving business & school fees for my child
Obeng
Bolgatanga, Ghana
4% repaid
Entrepreneur
Name
Obeng
Member since
August 2016
On-time repayments
66 installments • 80%
About Me
My name is Obeng Yeboah. My father a retired teacher in Vocational art and my mother a petty trader in bolgatanga market
But because i took to this art work with my father same when he retired the zeal and propensity to create more art innovation.
i took to basket weaving, since here in bolgatanga is the best project and creates more exposure that is the your own is manageable good and also create you some kind exposure. l love making baskets and other art work with includes, carve stools ,handbags, hats and many more. i also have many foreign client who hails from Europe and china who indeed love our art work . This foreigners usually patronize it.
My Business
Business all this years has been good since chunk of this foreign clients buys back a way have a positive impact to our lives and businesses. My profit quotients is variably good , And i sometimes make a dividends on all this carve stools and baskets and hand bags to the tuned of GHS 1230 which is equivalent to 317 USD a week.
But until recently things are sailing down and i am facing challenges in terms of finance and raw material due to the changes in our climate conditions and also the propensity to to access facility.
Due to some unfortunate lapse and challenges that led to the fall back in my loan increment , infact had actually affected my estimates , but however i hope if this facility is swiftly funded i can pay for my sons school bills basket weaving business too as well.
Loan Proposal
I am thankful for all this year support of my business by our Donors and for helping making our lives comfortable through the support in our small scale enterprises. It really elevated us upwards.
My application for a 4 th loan is to add some colorful materials into my weaving business and set a portion of the amount for the payment of my kids school fees.
However, I lost a chance again for a credit limit increase and this could also be a setback in my plans.
I however plead with the authorities incharged to set my credit limit upwards.
However, permit me to give a summary breakdown of how much my needs are.
Colorful materials = 110 USD
Child education next term bill = 75 USD
Payment for helping hands = 35 USD
I will very grateful if this meets
your attention and kind support . Thank you.
Feedback
Positive
None
Neutral
None
Negative
None
Loan Info
Project Type
Classic Loan
Disbursed amount
$380.00
Date disbursed
Aug 25, 2017
Repayment status
Late
Projected term
366 months
Other loans
Lenders
Edegem, Belgium
United States
United States
United States
France
Germany
Summary
Amount repaid
$17.96
Amount remaining
$362.17
Expected completion
Jan 24, 2018
Status
Repaying late
Installment amount
$42.40
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Sep 6, 2017 | $4.07 | Aug 29, 2017 | $4.07 |
| Sep 13, 2017 | $0.24 | Sep 26, 2017 | $0.24 |
| Sep 20, 2017 | $0.24 | Sep 26, 2017 | $0.24 |
| Sep 27, 2017 | $0.24 | Sep 26, 2017 | $0.24 |
| Oct 4, 2017 | $0.24 | Sep 26, 2017 | $0.24 |
| Oct 11, 2017 | $0.24 | Sep 26, 2017 | $0.24 |
| Oct 18, 2017 | $0.24 | Sep 26, 2017 | $0.24 |
| Oct 25, 2017 | $0.24 | Sep 26, 2017 | $0.24 |
| Nov 1, 2017 | $0.24 | Sep 26, 2017 | $0.24 |
| Nov 8, 2017 | $0.24 | Sep 26, 2017 | $0.24 |
| Nov 15, 2017 | $0.24 | Sep 26, 2017 | $0.24 |
| Nov 22, 2017 | $0.24 | Sep 26, 2017 | $0.24 |
| Nov 29, 2017 | $42.40 | Sep 26, 2017 | $2.16 |
| Oct 17, 2017 | $0.96 | ||
| Nov 4, 2017 | $2.40 | ||
| Nov 12, 2017 | $2.16 | ||
| Nov 23, 2017 | $0.96 | ||
| Nov 23, 2017 | $0.72 | ||
| Dec 6, 2017 | $42.40 | ||
| Dec 13, 2017 | $42.40 | ||
| Dec 20, 2017 | $42.40 | ||
| Dec 27, 2017 | $42.40 | ||
| Jan 3, 2018 | $42.40 | ||
| Jan 10, 2018 | $42.40 | ||
| Jan 17, 2018 | $42.40 | ||
| Jan 24, 2018 | $34.25 | ||
Ask Obeng a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.