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
Other loans
Lenders
United States
Belgium
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