To increase my stock of goods

Ziblim

Tamale, Ghana

100% repaid

Entrepreneur

Name

Ziblim

Member since

February 2016

On-time repayments

27 installments  •  74%

About Me

I was born in Kumbungu in the northern territories of Ghana in 1991. I am the third child of parents. Farming is the main economic activity my parents were engaged in at the time I finished SHS. I completed Junior High School in Kumbungu and senior high school in the same town as well. As a child raised in a typical African family via extended family, life was unbearable after high school. Both parents had passed away by then so as early as 17 years I began fending for myself.
I remembered I toiled so much so hard to raised enough money in other to pay my younger sister's school fees. She had admission to pursue a nursing course in Accra. But there was no money to pay the fees. I joined a construction company and carry mortar/concrete on my head. With my support, we overcame that challenge. with support from friends, I began selling second-hand shoes and such a business has become my source of livelihood. I am married with one kid and we live in Tamale, Ghana. The funeral performance of a chief among the people of northern region is very unique. The funeral embodies a lot of drumming and dancing.
My son always dream of becoming a Lawyer in future. He always read the constitution of Ghana at his leisure time hoping that he will be familiar with some of the legal terms use in Ghana.
I had an excursion to Paga where I saw a live crocodile for the first time. There is a very big Dam at Paga where crocodiles reside and it has become a tourist destination for both local and foreign people. It was such a memorable event and will never forget that day in my life.

My Business

Second- hand shoe business
I trade in second-hand shoes in Tamale. It is a lucrative business per the demand for used goods from abroad. In Africa, the younger generation prefers used shoes from abroad to locally made shoes in Ghana.
This second-hand shoes are in high demand because people perceive shoes made in Europe or America to be of higher quality compared to locally made shoes.
I chose this business because it is profitable and cost effective in dealing with second-hand shoes in Ghana. It normally cost me US$ 250.00 to purchase a bag of shoes from Importers in Accra for resale. Normally, I impose 10% profit on shoes I bought for resale.
I normally use part of the profit for my child education and part for reinvesting into the business.

Loan Proposal

I wish to seek for zidisha loan services for the purpose of buying more goods for my second-hand shoe store. I will use this loan to purchase more shoes in other to satisfy my customers. I will duly pay this loan back to zidisha when I am granted this loan. Thank you!

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$6.00

Date disbursed

Aug 7, 2017

Repayment status

On Time

Projected term

6 weeks

Lenders

H

hilde

seattle, United States

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  • Ziblim    Oct 21, 2017

    I earn more than my usual profit and I can pay the amount I indicated above

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  • Ziblim    Oct 4, 2017

    I will use the money as I indicated in my proposal. I also want to thank my lenders for such help given to me. I promise to pay the loan per the terms and schedule in my account.

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  • Ziblim    Oct 1, 2017

    In fact, I am highly appreciative of the support zidisha lenders gave to me to boost my business capacity. I duly salute all members.

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  • Ziblim    Aug 1, 2017

    I thank my lenders for such financial help rendered me. I will duly pay back this loan promptly. I will buy second-hand shoes for my store.

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  • Ziblim    Aug 1, 2017

    I want to thank my lenders for the financial support shown to me through this zidisha platform. the loan has helped increase my profits level.

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  • Ziblim    Jun 8, 2017

    I thank my lenders for such assistance. I will use the loan for buying more goods for my business. I will strictly follow the repayment schedule to repay the loan.

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  • Ziblim    Sep 25, 2016

    I will use the money to purchase a pair of shoes for resale. it will help increase my profit margin by 2%. I will like to express my sincere gratitude to lenders of zidisha community for funding my loan request. I will gladly pay all the loan that will be disbursed to me. thank you zidisha lenders

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