Rent a shop for my clothing business

Nathanael

Sunyani, Ghana

100% repaid

Entrepreneur

Name

Nathanael

Member since

February 2015

On-time repayments

197 installments  •  85%

About Me

My name is Agyei Bediako Nathanael; I come from Berekum in the Brong Ahafo Region of Ghana. I was born on the 14th of October, 1986. I belong to a family of five with two siblings. I started my education at Freeman Methodist Preparatory School at Berekum. I had my Junior High education at St. Mary’s Junior High School and proceed to Sunyani Senior High for my High school education.
I hold a Bsc. Chemistry degree from Kwame Nkrumah University of Science and Technology. I was posted to Duayaw Nkwanta, a small town in Brong Ahafo Region to do my National Service in 2009 at Serwaa Kesse Girls’ Senior High School.
At the time the school was unknown and had a small population mostly from the villages around Duayaw Nkwanta. I sort to find a way of helping raise the image of the school, so I started a Debating club in the school. I faced a lot of challenges with all sorts of false allegations levelled against me, most especially because I was a science teacher handling debate. But I never gave up knowing I wasn’t doing it for myself but for the students involved and the exposure they were getting. In our first year of participating in the National Debating competition for Senior High Schools in 2011, we won the District competition and came second in the Zonals. This boosted our moral and we started preparing for the 2012 edition immediately.
During the 2012 edition we won all competitions all the way to the finals where we met and beat one of the best schools in Ghana, St. Peters SHS to become National champions. Since then the school has become one of the best schools in Ghana with girls coming from all over the country. My debate team continues to do well having won all district and zonal competitions since 2012 and placed second twice at the regional level.
It was during my interaction with students in my team I realized most of them had serious financial problems so I started to support them with the allowances I made. I sometimes get friend to assist. Not very long ago a Peace Corps volunteer in my school and I successfully raise two school terms fee for one of such students through Facebook. I am not able to bear the sight of a brilliant student in need.
It is in view of this that I started to do business with the aim of raising enough money so I could continually support such students.
I am still teaching Chemistry in the school.

My Business

In an attempt to find a short term income earning business because of the purpose of supporting students, my attention was drawn to how beautiful shirts sewn with Ghanaian print and designs were fashionable and people loved today. I also realized that though very beautiful it wasn’t very expensive and is very easy to wear and appear at all functions. The problem with most people was that tailors usually disappointed people with it came to time of delivery therefore killing the interest of many.
I decided to buy the prints and give tailors various designs to sew them into, I would then sell them ‘already made’ to people. So I send the shirts in various shapes, sizes and designs to other schools and offices.
It cost $10 to buy materials and sew one shirt. I sell a shirt at $15. I am able to sell an average of 50 shirts a month.
I however do not have a shop in which I sell so all the shirts are kept in my house. So i only sell when i move to the customers. I also do not have my own means of transport so i rely on public transport which takes a lot of time.
My plan is to raise enough money to hire a shop to expand the business and. Also to buy a motorbike to make movement faster and cheaper so I can maximize profit
It is my hope that Zidisha would help me acquire the loan to help to build upon my business since the interest rates and conditions attached to the banks and other financial institutions are unbearable.
I am certain of keeping my payment on schedule because i have a permanent source of income as a salary worker. I promise I won’t disappoint. And by helping me you will be helping the students in my school who have need for money. Thank you

Loan Proposal

i want to rent a shop with the amount where i can display the shirts and sell from there. A shop in the market cost $15 a month to rent. with the loan amount i should be able to pay for the first six month.
the shop would mean that my customers would be able to visit and buy from the shop anytime. it would also create employment since i will hire somebody to manage the place.
my expectations are that sales would increase by 100% thereby increasing my profits propotionally.
it is my hope that Zidisha helps me achieve this dream of mine.

Feedback

2

None

2

  • Erin    Oct 1, 2020

    Unfortunately this loan was distributed over a year and a half ago and zero payments have been made.

    Log in to reply • Share
  • Axel    Nov 11, 2019

    Nice described project. But after getting the loan communication stopped.
    No repayment and no response to member questions since more than 6 months.
    What a pity.

    Log in to reply • Share


Loading...

Loan Info

Project Type

Classic Loan

Disbursed amount

$212.00

Date disbursed

May 25, 2015

Repayment status

On Time

Projected term

3 months

Lenders

A

ashtanga99

Newport, United States

ads68

Melbourne, Australia

fairspirit

Utrecht, Netherlands

CA

Chris and Janet

Portland, OR USA, United States

T

thebonseung

Republic of Korea

Paul Buchheit

Mountain View, United States

mepster

San Francisco, Ca, United States

WiscoHorndog

United States

WE

Wendy Emlyn

Devon, United Kingdom

O

Olivia

United States

M

Mike

United States

Ask Nathanael a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.

Please log in to comment.

  • Axel    Oct 17, 2019

    Hi Nathanael,
    What is current status of your project ?
    Could you realize it ? Please share with us.

    Log in to reply • Share
  • Isaac    Aug 1, 2019

    Please he told me he will make the payment but his problem you should do something about the credit risk since is not refundable the deduction is too much

    Log in to reply • Share
  • Axel    May 16, 2019

    Hi Nathanael,
    You have posted here a beautiful and well described big project.
    130 people from Zidisha community were enthusiastic and loaned you the needed money.
    Please tell us current status. We are interested in. Are there any problems with your project ? Do you need support ?
    Please be fair and give update to your lenders.

    Log in to reply • Share
  • Axel    Apr 12, 2019

    Hi Nathanael,
    What is current status of your project ?
    Please share it with your lenders.

    Log in to reply • Share
  • Margaret    Apr 2, 2019

    Hi Nathanael,
    I see you have missed several of your loan payments. Please make an effort to repay, a small payment is better than none at all to keep your repayment percentage high for future loans. With Zidisha you can grow you business to the next level, do not throw this opportunity away. Margaret

    Log in to reply • Share
  • Nathanael    Jan 23, 2019

    This loan will go into purchasing sewing machines. I am definitely becoming a big business man thanks to you lenders and Zidisha

    Log in to reply • Share
  • Nathanael    Jan 22, 2019

    3 days more and we are close. We can do this family. Grateful to all who have funded my loan so far

    Log in to reply • Share
  • Christine    Jan 18, 2019

    Good luck and many greetings from Germany

    Log in to reply • Share
  • Nathanael    Jan 17, 2019

    Happy to know my loan is steadily being funded, thanks to lenders who have this far contributed. Hoping to seeing more. Thanks

    Log in to reply • Share
  • Nathanael    Jan 9, 2019

    If I am to tell testimonies of the impact of the loans on my business it, never end. I am most grateful to lenders and Zidisha to being with me all these years. With my new loan I hope to buy more sewing machines and train more people the art of sewing as well.

    Log in to reply • Share
  • Nathanael    Jan 7, 2019

    I have finished payment of my loan way ahead of my personal projected time. The festive season was really good and my returns increased. Thanks to lenders and the entire Zidisha community for all u have helped me to accomplish. I will be requesting my next loan soon

    Log in to reply • Share
  • Nathanael    Dec 17, 2018

    I would like to finish early and take the next loan. Business is going well

    Log in to reply • Share
  • Nathanael    Nov 11, 2018

    I am under a little pressure to supply a costumer some amount of goods which requires more capital. I will return as soon as i am done supplying

    Log in to reply • Share
  • nikko    Oct 7, 2018

    Heĺlo Nathanael,
    I am also interested to see what you are making for customers.
    I look forward to your updates.

    Log in to reply • Share
  • Nathanael    Sep 22, 2018

    Thank you so much lenders for the confidence reposed in me and my project by funding my loan so quickly. I promise to use the money for the intended purpose and start paying as soon as possible. Once again i say thank you

    Log in to reply • Share
  • J    Sep 22, 2018

    Your loan is now fully funded. Please keep us posted.

    I am very interested to get news and photos about the things you are able to do with the loan.
    Good luck with your business.

    Log in to reply • Share
  • alexalexalex    Sep 20, 2018

    Good luck Nathanael!

    Log in to reply • Share
  • Nathanael    Sep 11, 2018

    I have fully repaid my loan. Thanks to all lenders to support. I hope to get another soon

    Log in to reply • Share
  • Nathanael    Sep 8, 2018

    I want to pay so i can start applying for my next loan as soon as possible

    Log in to reply • Share


Loading...

Loading...

Loading...