Shoes, sandals & slippers for shoe 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
If the loan is granted, I will use the funds to purchase inventories that is shoes,sandals and slippers for my shop. shoes at 10dollas per shoe, sandals at 7.5dollas per sandal and slippers at 5dollas per sandal. As a result of this I will be able to generate income to reinvest into the business that will serve as employment to me and others by employing them to assist me to pay them, some to take care of my family, and provide shoes for people in need. if all things work accordingly I am expecting not less than 30% increase in profit.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$22.00
Date disbursed
Jan 11, 2018
Repayment status
On Time
Projected term
4 months
Other loans
Lenders
Switzerland
Denmark
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