A loan to buy mobile phones, accessories and recharge cards

Clifford Gyan

Berekum, Ghana

100% repaid

Entrepreneur

Name

Clifford Gyan

Member since

May 2015

On-time repayments

202 installments  •  86%

About Me

My name is Djan Clifford Yaw from Berekum .A town in Ghana. I am twenty eight years old. i started my education at Senase community basic school and continued at Berekum Secondary school.After junior high school i started as a hawker at lorry park selling all kinds of things that i lay my hands on. On one faithful day my friend introduced me into the selling of mobile phones and its accessories. i fell in love with the joy because it was lucrative enough for me. Through this i was able to gather money from the savings that i was making to start my own business selling housings, chargers, recharges cards and headsets. I have now relocated to a nearby village where market is now booming for me because of the distance from the place to town is far.

My Business

I am into mobile phones,chargers,batteries,housing , recharged cards and headsets ect. Am into mobile phones because its a very lucrative venture for anybody to tap into. This business involves a huge sums of money but since i don't have such amont of money i have start it from a lower amount of money of about $90. Since the business is good enough i am able to raise the capital up to $175 in some few months now.If am being giving the loan i will be able to raise about 25% to30
% of the total money in every week.The profit that will be generated from the sales wil be used to reinvest into the shop .Part will also be used to improve the living standards of my home. I am hoping that ,the will help me expand my shop thereby employing others to reduce unemployment in my village.THANK YOU!!!

Loan Proposal

Describe what you will do with the loan in at least 200 characters
I will use the loan to buy new mobile phones, housing, charges, recharge cards.
And also use part of the money to expand my shop. I will also use the money to establish new shop and also employ somebody to take care of shop

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$175.00

Date disbursed

Jul 24, 2015

Repayment status

On Time

Projected term

2 months

Lenders

CNV

United States

PG

Paul Graham

United States

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Summary

Amount repaid

$197.75

Amount remaining

$0.00

Date repaid

Oct 28, 2015

Status

Fully repaid

Repayment History

Expected Payments Actual Payments
Aug 2, 2015 $30.00 Aug 2, 2015 $30.00
Aug 9, 2015 $20.00 Aug 9, 2015 $20.00
Aug 16, 2015 $20.00 Aug 16, 2015 $20.00
Aug 23, 2015 $20.00 Aug 23, 2015 $20.00
Aug 30, 2015 $20.00 Aug 30, 2015 $20.00
Sep 6, 2015 $20.00 Oct 1, 2015 $20.00
Sep 13, 2015 $20.00 Oct 1, 2015 $20.00
Sep 20, 2015 $20.00 Oct 1, 2015 $10.00
Oct 28, 2015 $10.00
Sep 27, 2015 $27.75 Oct 28, 2015 $27.75

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