To buy more fabric for designing dresses
Ernest
Accra, Ghana
$0 to go
100% funded of $141 goal
0
days left
Entrepreneur
Name
Ernest
Member since
February 2014
On-time repayments
45 installments • 0%
About Me
I am a young man who has successfully completed a diploma in Information Technology and Networking. I have completed my Bachelor’s Degree in Computer Science and Management at the University College. I am self-motivated and an enthusiastic self-starter who can work on my own with little or no supervision and also enjoy working in a team environment. I enter easily into new situations with a creative and resourceful attitude. I live with my wife and family. Most of the money i make goes to taking care of my family and business. unemployment is high in this country so it is better to do your own business. i like soccer and music
My Business
I have through my own resources established a fashion designing shop. I put together beautiful designs of dresses and send to some tailors i know and we produce it. I buy different type of fabric for various designs. but locally made Ghanaian fabrics sell more especially if it is made into an exotic dress designs for all sexes. Cost of fabric is high but a good dress can sell for 60 ghana cedis. I target both old and young in my area. I have a good client base. People also bring their own designs and i make for them for special occasions. At 60 ghana cedis i make about 400 to 600 ghana cedis a month. I pay my tailors and buy more fabric and save the rest. I can grow this business if i have the right resources. I can set up a work space and get a help. Right now, i operate from home.
Loan Proposal
If i am given this loan i will buy more fabric for more designs. I will rent a work space and show room in town as well in the future for display of my dresses. i will buy some manikins to use as display too. This will boost my business and make it more attractive to clients. I will e able to increase my reach and profit. My current profits will be enough to pay off my loan. Thank you
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Loan Info
Project Type
Classic Loan
Disbursed amount
$141.00
Date disbursed
Mar 10, 2014
Repayment status
Late
Projected term
10 months
Lenders
Tempe, United States
Jake Gibson and Beverly Picardo
San Francisco, United States
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