Phone accessories & more

Christian Snr Ababio

Accra, Ghana

79% repaid

Entrepreneur

Name

Christian Snr Ababio

Location

Accra, Ghana

On-time repayments

195 weekly installments  •  83%

About Me

My name is Christian Ababio. I was born in Kumasi in the Ashanti Region of the Ghana some forty one years ago. My early childhood was characterized by lots of trade and commercial activities as I helped my mother move from baking bread for daily necessities to selling charcoal and foodstuffs to the local community. Watching closely how she endeared herself to meeting the daily needs of people saw a natural tendency of nursing an entrepreneurial spirit in me.

I had my basic education at the Services Primary School in Burma Camp (1981-1991) and then progressed to the Presbyterian Boys Senior High School (1992-1994), to the Cape Coast Technical University where I graduated with a Higher National Diploma in Marketing in 1999 and then to the Regent University of Science and Technology, graduating with a BSc in Management with Computing in 2006. Over the years I have pursued an MBA Management

I lost my dad when I was thirteen (13) years. Together with five other siblings, life became difficult for a single mother to handle alone. I had to creatively devise a means of raising some money to support myself and my siblings in school. This I did my selling eggs on campus and getting involved in a poultry project which yielded much returns to sustain my siblings and I during our school years.

Soon after graduating, I went to the driving school to learn how to drive (I have an ambition to own a fleet of taxi cabs in the near future) since it was a requirement for my first job as a Marketing officer for a Lebanese company in the capital, Accra. I understudied how these merchants got their foothold in the sales and distribution of fast moving consumer goods, having the slogan "Your direct partner". It was after working for about five years that that I had a bright idea to set up a provision shop to provide snacks in the form of pastries and soft drinks for secondary school students very close to my house after I discovered that there was no such opportunity to make students get a bite of refreshment during break times.

One unique thing about where I live is the central point for the converging of people after the school gain popularity in it few years of establishment as well as its closeness to the main road. The culture is one of a typical Ghanaian style where people living within the locality are very civil, law abiding and have a sense of industry and patriotism.

My Business

My business started as a small provision shop in the neighborhood to provide basic household daily needs for the students and the local community.
The community is satisfied with my business venture even though some competitor's have come in but due to excellent customer service rendered I can say the business is preferred above the competition.

There is always a high demand of goods and services, hence my decision to apply for Zidisha loan to enable me purchase and increase the stock levels. The provision shop is still the main business running and I will be buying more goods like bags of rice, sugar, canned fish, canned/tinned tomatoes, vegetable oil, crates of egg etc.
I entered into this business primarily because I wanted to satisfy a need of providing snacks for the students and also to take advantage of a beckoning opportunity as a student of marketing to anticipate other needs and providing them in a customer friendly atmosphere in order to turn around the initial capital and also let my investment work for me.
Thank God my younger siblings have completed their education as a result of the immense support from Zidisha.

During the difficult months when our world economy was held to a standstill resulting from the effects of the COVID-19, the business took a nose dive and almost shut down but thank God that did not happen. Today, it has began to show signs of a bounce back. The orders for the fruit drink has started picking up as a result of the easing of the restriction and the signs are very positive it will do very well.
I am still the main distribution agent for one of Ghana's most preferred natural fruit drinks - Juudy Drink. I am now getting orders to supply some eateries and the drink continues to enjoy huge patronage from the wholesalers and retailers as well as walk-in customers.

Now, I am adding another business unit to my business lines and this loan if approved will make me invest in ORAIMO accessories. I have already secured a floor space in one of the most patronized supermarket in the capital and I will need to purchase the full assortment of the available models. This is what I intend to use my next loan, which happens to be my 9th loan for.

I remain thankful to Zidisha's humanitarian assistance for the previous loans they gave me which has really helped me get this business running. I also thank Zidisha for the immense support which has helped me pay the children's school fees and to keep the family running. In addition, I am indebted to Zidisha for the human face they approached our repayment during these months of economic difficulty as a results of the pandemic.

Loan Proposal

My next loan would help me purchase and increase the Oraimo accessories models available. There are presently over 60 models available but I would trade gradually and build my capacity to stock a little of each model with the support from Zidisha until the full assortment is gained. This would give variety and choice to the clients who visit the stand. I will particularly buy phone chargers, earphones and headsets, smart watches, and the USB extension cords. Additionally, I will invest in what is trending now, the bracelets and the ear pods. This is in vogue and very appealing to the youth. This would give me mileage over and above the competition as my display shelf would be a one stop destination. I expect a high turnover of about 25 to 30% of the investment. The turnaround time, if short will help me turn the capital around quickly.

Income Source

The risk associated with the business is the threat of a new lockdown restriction which would keep people from visiting the shopping centers. Thank God for the mass vaccinations going on all around the country and the world at large which is potentially opening up businesses and keeping the threat of risk at a minimum. I will resort to online marketing and delivery using dispatch riders to do house to house delivery on request. This would safeguard the business and keep the business running.

My Videos

Mar 8, 2021: Accessories & more

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$534.66

Date disbursed

Mar 10, 2021

Repayment status

Late

Projected term

8 months

Cost to entrepreneur

Service fee: 5% of $534.66 = $25.14

Credit risk payment: $101.04

Optional expediting fee: $50.44

Lenders

Daniel

Brussels, Belgium

A

Anninymouse

Southampton, United Kingdom

Feldborg

Stuttgart, Germany

R

Raabo

Rungsted, Denmark

HI

Highly Improbable

Saskatoon, Canada

D

dkapplerb

Toronto, Canada

P

phangsang

Seattle, United States

D

DrFeelGOOD

San Jose, United States

D

Davieboy

Melbourne, Australia

lietu

Tallinn, Estonia

ErikN

Stockholm, Sweden

F

Forba

Mo i Rana, Norway

F

FHult

Stockholm, Sweden

L

ldron7

Utah, United States

ScottSavage

Las Vegas, NV, United States

M

markj

Camberwell, Australia

johnandmoliehi

Canton, New York, United States

B

Bobby39

Savannah, United States

BJ

Brandon Joz

North Carolina, United States

M

mrhanky1

melbourne, Australia

U

uovobw

Reggio Emilia, Italy

A

AlexCheng

Seattle, United States

beverly

Vancouver, Canada

phytoplankton

United States

O

OneSummer

Muenster/Westphalia, Germany

C

chrisherron

Chicago, United States

indeh

London, United Kingdom

Sundstroms

Falun, Sweden

T

TokyoBliss

Tokyo, Japan

A

aguayo

Silicon Valley, United States

D

duckdork

De Forest, United States

B

bopsquod

Seattle, Wa, United States

Cloudways

Malta, Malta

J

jzidi

Los Angeles, United States

R

rpmccarthy

Sydney, Australia

E

EnhanceLife

Heber City, United States

S

SvenWaage

Stavanger, Norway

pentatonicscale

Niiza-shi, Japan

McJulio

New Jersey, United States

vinnio

Burlingame California, United States

peanut

Halifax, Canada

B

bileiro

Mandaluyong, Philippines

B

BobJames

Toulouse, France

Ingela

Falun, Sweden

P

Peksa

Espoo, Finland

J

JayZKay

New York, United States

8

8chrono8

London, United Kingdom

fairspirit

Utrecht, Netherlands

Z

Zimaxx

Graz, Austria

A

arwaandali

Ottawa, Canada

H

HomesteadSchool

Glen Spey, United States

BF

Bob Fitzjohn

Fontvielle, Monaco, Yemen

M

Marod

Edmonton, Canada

numbat

Perth, Australia

Hedwich

Gorssel, Netherlands

A

AndrewC

London, United Kingdom

M

mmisoo

Nova Dubnica, Slovakia

L

Leonora

TÄBY, Sweden

mojobob

Hayward, United States

P

Pavane

Kungsbacka, Sweden

O

Ohio

Ohio, United States

Lambie

Perth, Australia

P

phoebius

Cambridge, United Kingdom

GuillaumeTeissier

Montréal, Canada

E

E

Marin county, United States

Freewolf

Salt Lake City, United States

MrMichigander

Marquette, United States

R

richdullaghan

Encinitas, United States

mikeice

Kohler, United States

T

Texikan

Fort Worth, United States

sderickson

Berkeley, CA, United States

A

andrewpbrett

United States

E

elhh82

Petaling Jaya, Malaysia

pvilliger

Zurich, Switzerland

D

drorm

United States

R

RJonR

United States

D

duncanb

United Kingdom

D

DandS

United States

J

jdallatezza

United States

M

merk85

United States

M

mkrsko

Slovakia

B

bugdaniel

Switzerland

W

woozys

Glasgow, United Kingdom

chriseyre

Fremont, Ca, United States

P

PeterDG

United Kingdom

A

Amengan

Netherlands

B

bscent

Hong Kong

V

vbud

United States

Grant Xavier Storer

Seattle, Wa, United States

ThomasJosef

Berlin, Germany

K

Keith

Luxembourg

K

kennychit

United States

S

satheajay

United States

S

stryker75

United States

adrianz

United States

TheGoodData

London, United Kingdom

C

Crainster

Chapel Hill, United States

H

happyhappy

Switzerland

S

Stephan

Netherlands

JL

Joao Leal

United Kingdom

Jeroen Decock

Gent, Belgium

Dave Bogard

New York, United States

A

Amelia

United Arab Emirates

R

Robert

Berlin, Germany

nickle23

New York, United States

W

Wade

United States

PC

Patrick Clavette

Hartford, Wisconsin, United States

PR

peter reibold

United States

Craig

Memphis, TN, United States

Lou Kaucic

Sanbornton, NH, United States

AT

avni trivedi

United Kingdom

JK

Hamburg, Germany

JC

JD Conley

United States

I

Ian

United Kingdom

KD

Kent Don

United States

C

cota

United States

JD

Jeff DePree

United States

George

Corvallis, Oregon, United States

Z

zaroastra

somewhere over the rainbow, Portugal

PT

Paul T

Amsterdam, Netherlands

TH

tom hd

United Kingdom

MR

Michiel Rauws

San Francisco, Netherlands

Carla

Amsterdam, Netherlands

G

Gianni

Venice, Italy

Kavitha Amarnath

Sydney, Australia

Mark Grey

Redding, CT, United States

E

eriklonnroth

United Kingdom

Surya Setiyaputra

Sydney, Australia

Christopher Hey

Sudbury, Canada

Wayne G

United States

B

Bramlage

United States

SH

Steven Huntington

London, United Kingdom

Gabriel Fenili

Santo André, Brazil

JC

Justin cohan

United States

Anonymous

Ocoee, United States

GW

Gregory Wilkie

Halifax, Nova Scotia, Canada

RC

Rudi Chen

United States

NG

Nick Gorrell

Surfers Paradise, Queensland, Australia

GC

Greger Cronquist

Göteborg, Sweden

EB

Erika Barraza

United States

HH

Heidi Harris

United States

Joseph Abell

Brisbane, Australia

O

Ole

Denmark

SS

Sam Smithson

United Kingdom

ED

em degu

United States

Sinan Taifour

Munich, Germany, Germany

SM

Sachet Marion

United States

Rick

United States

E

El

United States

SA

Shar Alamdari

Los Angeles, United States

Raymond Murphy

Carson Valley, NV, United States

KG

Kate Goodwin

United States

J

Jon

United States

Caitlin Campbell

Chicago, United States

Craig Travis Provyn

Bradenton, Florida, United States

Benjamin Kniaz

Boston, United States

ES

Evan Simons

United States

Gerrit

Palm Harbor, FL, United States

JA

Joshua Axtell

United States

JV

Jose Vidal

New York, United States

Day Family

Melbourne, Australia

Donald

United States

D

Dalton

San Francisco, United States

Jean Wren Chan

United States

CM

Colin Marks

United Kingdom

Bo Rosén

Eslöv, Sweden

M

Max

Canada

KA

Khaled Asmri

Saudi Arabia

DW

Dan Winetsky

United States

Katja

Switzerland

Tyler Metcalf

Utah, United States

Cari Donaldson

United States

Jane

Ontario, Canada

A

Anonymous

United States

HB

Hugo Boss

United Kingdom

AW

Annie W

United States

Darren Jeppson

Denver, Colorado, United States

CoBon

Stubbæk, Denmark

DA

David Alcott

United States

Adam Öhman

Norrköping, Sweden

AM

Andy Marston

United Kingdom

AA

Andrew and Kim

Nashville, TN, United States

Jyoti Diwan

White Plains, New York, United States

petter

Finland

B

Brayo

United States

Rob Williams

Halifax, Canada

DO

Denis Ontiveros

Guildford, United Kingdom

B

Ben

United States

R

RM

Australia

L

Lisa

United States

BS

Brendan Scanlon

Troy, United States

C

Camm

Australia

alexalexalex

Berlin, Germany

Andrew

United States

AM

Alex Melo

United States

EW

Eric West

United States

M

Melissa

United States

R

Ru

New York, United States

E

emily

Australia

B

Byron

Australia

J

Jeremy

United States

S

Stephen

United States

Babbitt Family Foundation

Sioux Falls, SD, United States

JI

James Innes

United Kingdom

AZ

Andre Zita

United States

CG

Chris Greene

Birmingham, AL, United States

B

Bharat

Princeton, United States

N

Nosa

Germany

B

Berend

Netherlands

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