Stock of rechargeable cards and other Internet vouchers
Monica
Accra, Ghana
100% repaid
Entrepreneur
Name
Monica
Member since
December 2014
On-time repayments
151 installments • 78%
About Me
I was previlage to have basic education through to the secondary level which I completed in may 2004,
I travel to the city where I got employed as a sales girl in mobile recharge cards.
it was here that I got the idea of starting something of my own because the income i get as a worker was not enough for me ,so I bought the shop I worked in when my employer put it on sale with the little I saved; maintaining my customers.
though i am now into a full time self employed in the telephony sector as a retailer in recharge card, i have the dream of one day taking distance course in business administration to better myself, my childhood dream i will accomplish one day.
I see this as a step closer to that dream with a stable financial backings.
My Business
My stay in business for the past year is good after the initial battle with keeping customers and staying in business.
The sale of recharge cards is fast moving venture with a low profit margin hence requires much attention and time and these cards are used by almost everybody on daily basis hence the assurance to your regaining of capital invested worst being breakeven.
This has prompt me to adding the sale of phone accessories which they (customers) ask of many a time.
I have a kid and a brother at the basic and secondary education sector respectively who depend on this recharge business.
Its a great relief to hear of this online lending and i hope to a brighter business with this opportunity.
hope this loan too is funded on time to cushion me to my dreams.
Loan Proposal
i have used loans raised from this platform to establish my sales of phone recharge cards and now my shop is a popular place where customers come for such needs.
Now there is a high demand for internet vouchers which i intend upon the successful raising of this loan will start the selling of such vouchers as surfline, busy internet and others internet service providers.
In simple terms, i will use about 30% of this loan into the new product on demand i. e internet vouchers and the remaining 70% into the sales of phone credit cards which has an already booming customers demand.
the returns on the sales of phone cards is variably depended on the rate at which you retail to customers and reimburse from the bulk dealers as your capital and and sales is the unit in which your discounts are determined.
all interest accrued from previous loans have stayed in the business and to support my daily expenses.
i would not have gotten this far in business without your generous contribution as shareholders. i once again look up to you as my financiers to making my place a shopping center for my customers.
Feedback
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Neutral
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Negative
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Loan Info
Project Type
Classic Loan
Disbursed amount
$736.00
Date disbursed
Nov 21, 2016
Repayment status
On Time
Projected term
4 months
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Summary
Amount repaid
$735.73
Amount remaining
$0.00
Date repaid
Apr 16, 2017
Status
Fully repaid
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Dec 4, 2016 | $38.39 | Dec 4, 2016 | $38.39 |
| Dec 11, 2016 | $38.39 | Dec 11, 2016 | $38.39 |
| Dec 18, 2016 | $38.39 | Dec 19, 2016 | $38.39 |
| Dec 25, 2016 | $38.39 | Dec 25, 2016 | $38.39 |
| Jan 1, 2017 | $38.39 | Jan 1, 2017 | $38.39 |
| Jan 8, 2017 | $38.39 | Jan 8, 2017 | $38.39 |
| Jan 15, 2017 | $38.39 | Jan 15, 2017 | $38.39 |
| Jan 22, 2017 | $38.39 | Jan 22, 2017 | $38.39 |
| Jan 29, 2017 | $38.39 | Jan 29, 2017 | $38.39 |
| Feb 5, 2017 | $38.39 | Feb 19, 2017 | $38.39 |
| Feb 12, 2017 | $38.39 | Feb 19, 2017 | $38.39 |
| Feb 19, 2017 | $38.39 | Mar 5, 2017 | $38.39 |
| Feb 26, 2017 | $38.39 | Mar 5, 2017 | $38.39 |
| Mar 5, 2017 | $38.39 | Mar 5, 2017 | $38.39 |
| Mar 12, 2017 | $38.39 | Mar 12, 2017 | $38.39 |
| Mar 19, 2017 | $38.39 | Apr 12, 2017 | $38.39 |
| Mar 26, 2017 | $38.39 | Apr 12, 2017 | $38.39 |
| Apr 2, 2017 | $38.39 | Apr 12, 2017 | $38.39 |
| Apr 9, 2017 | $38.39 | Apr 12, 2017 | $38.39 |
| Apr 16, 2017 | $6.40 | Apr 16, 2017 | $6.40 |
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