Shoes, sandals and slippers for shoe's shop

Michael

Berekum, Ghana

100% repaid

Entrepreneur

Name

Michael

Member since

September 2017

On-time repayments

28 installments  •  96%

About Me

I am Adjei-Effah Michael from jinijini a town close to Berekum , Brong Ahafo Region. I was born there and started school from the town up to primary six. I completed my Junior High school in Berekum Demonstration and senior High school at sunyani through the assistance of neighbors and some family members. After SHS, I worked with a friend's father who deals in shoes, sandals and slippers and save little to start the same business at different place. So I now deal in shoes, sandals and slippers.

My Business

I deal in shoes, sandals and slippers. I developed interest in these goods due to the fact that a man can't live without them. it is very moving business. I choose this business because if it manages properly, it can never be collapsed . I borrow money from colleagues to add to the little capital I have to purchase the goods and also reinvest the little profit I make in growing the business after paying the borrowed money and its interest.

Loan Proposal

To use the money to purchase Ghanaian manufacture shoes, sandals and slippers as well as foreign ones for the shop as business goods. These will cost about 1000dollars, this will help me to have different types, styles and sizes of the items for the shop and for customers have their preferences . This will bring a profit of 200dollars

Feedback

None

None

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Loan Info

Project Type

Classic Loan

Disbursed amount

$11.00

Date disbursed

Oct 22, 2017

Repayment status

On Time

Projected term

2 months

Other loans

Lenders

PG

Paul Graham

United States

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  • Michael    Jun 17, 2018

    I was able to purchased 30 pair of shoes, 15 pair of sandals and slippers each. It made my sales increased and had 25 percent increased in earnings which is 2.25 dollas. I used part to invest back into the business and part to pay my rent as well as my children hospital bills . Now number of people in my neighborhood who come purchase my goods has increased and more people from different neighborhood also come to buy.

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  • Abdul Karim    Mar 27, 2018

    I contacted Michael Adjei and he told me that he has a problem with his sim card that he is supposed to use for the payment. He however assured me of getting the sim in two days time and will effect the payment with the arrears as soon the problem is fixed.
    Thank you very much.

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  • Michael    Jan 12, 2018

    I am very grateful for funding my loan and it has been disbursed to my MTN account. Thank you very much, this will assist me to purchase the items I proposed to you thus shoes, sandals and slippers for my store. I really appreciate the support that you are given to some of us.

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  • Michael    Jan 3, 2018

    I am very grateful for funding my loan for me. This facility will assist me to buy goods for my shop so that i don't loose my customers. I will use this loan to shoes, sandals and slippers for my shop. my lenders I don't know how to express my profound gratitude for what you have done for me. Thank you very much.

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  • Michael    Dec 28, 2017

    Please you first made aware that my credit limit is 115Ghana cedis, I applied for the loan and wasn't approved which the days giving expired. when I wanted to apply in second time it has been reduced to 102Ghana cedis, please why?

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  • Michael    Nov 16, 2017

    I was able to purchased 20 pair of shoes, 10 pair of sandals and slippers each. It made my sales increased and had 20 percent increased in earnings which is 2.14 dollas. I used part to invest back into the business and part for the payment of my ward school fees. Always people within my neighborhood rush to buy the goods first before others from outside the neighborhood.

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