Application a loan to expand my business

Gabriel

Accra, Ghana

100% repaid

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How it Works

Entrepreneur

Name

Gabriel

Member since

January 2015

On-time repayments

25 installments • 96%

About Me

I am the last of 5 kidz. As a child, did help my mum who was a trader to sale her stuffs, occasional before going to school. I lost my Dad at the age 10, but with the help of my mum, other siblings and personal business and savings i have made it to the University. I just completed University for Development Studies (UDS) where I studied Applied Biology. I have a dream of becoming a Surgeon (Medical Doctor) in the future.

My Business

I retail call recharge cards (credit) of all kinds and do mtn credit transfer to help support myself. I usually buy the recharge cards in bulk from my suppliers at a reduced unit price of 1.90ghc = almost 0.46$ and retail them at 2.0ghc. Business was been very progressive since I joined this community. I intend to start helping people round me transfer money as well as recieve money through mtn mobile money transfer to and from loved ones by becoming a registered merchant.

Loan Proposal

I intend to use the money loaned me to expansion my call recharge card (credit) sales business. This expansion involves; 1. Using 70$ = 227.5ghc (but keeps varying due to unstable exchange rates) to buy stock of higher amounts (5 ghc and 10ghc) recharge cards which are usually requested for but often not available due to insufficient capital. 2. And will use the remaining 72.5ghc to increase my MTN credit transfer stock purchasing.