Application of funds to expand my pendrive sales business

Romeo

Kumasi, Ghana

85% repaid

Entrepreneur

Name

Romeo

Member since

April 2015

On-time repayments

131 installments  •  60%

About Me

hi my name Romeo. Am from a family of six. Am a free lancer online, likes online marketing and belief it is the next big and safest way to do business online. Completed University for development studies with a bachelor of computer science degeree. Exploring and investing business plans is what i often do but usually limited because of financial constrict. My dream is to become an importer of electronic gadgets and a wholesaler of such gadgets and possibly host a website from which they can be purchase and delivered at the door step of my customers.

My Business

I started freelancing early 2014 and i must say it is lucrative and interesting with the right tools and procedures. Plannining is essential if you wanna succeed. Quest net and helping hands are those two direct sale business am involved in and its been great so far.

Loan Proposal

I intend to use the funds acquired when funded to expand my pendrive sales business for now. Due to financial constrints i am unable to purchase high storage capacities (8GB, 16GB and 32GB) for sales, so often do purchase lower capacities (2GB and 4GB) which often do run out of stock because am unable to purchase large quantities. On acquisition of funds 85$=317.9ghc will be used to purchase 8GB storage capacities which my supplier sells to me at 14ghc=almost 3.75$ and the remaining 15$ will be used to expand my stock purchase of 2GB and 4GB capacities.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$100.00

Date disbursed

May 1, 2015

Repayment status

Late

Projected term

30 months

Lenders

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