Additional capital to run scratch-card business

Gershon

Accra, Ghana

100% repaid

Entrepreneur

Name

Gershon

Member since

March 2021

On-time repayments

3 installments  •  67%

About Me

Opare Gershon is my name. I stay at Legon in the Greater accra region of Ghana, Due to Financial difficulties I couldn't further my education to the tertiary level which hindered my dream of becoming a Lawyer. I was a shop attendant so I was able to save from my salary which helped me to start my mobile money and sell of scratch card business.

My Business

I sell scratch cards and am also a mobile money vendor. This business is useful because it help me to generate some income to help finance my junior brother's education. I chose this kind of business because there is none in the community I stay so all the people in my community makes their transactions from me. My cost of operation is GHS 3000 and my revenue is GHS 4000.

Loan Proposal

I run mobile money business and sells scratch card but I need this loan to buy scratch card to sell at my mobile money business which will help me to increase my weekly profit. I am expecting 30% increase this week with the help of this loan.

Income Source

Mobile money business is one of the moving business in Ghana and i can make payment but incase of any risk i will use the profit i make from my mobile money business to pay back the loan.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$100.00

Date disbursed

Apr 2, 2021

Repayment status

On Time

Projected term

1 week

Lenders

sderickson

Berkeley, CA, United States

J

Jon

United States

Paul Buchheit

Mountain View, United States

Nick Studenski

Minneapolis, United States

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