Business growth and expansion operation

Stephen

Adansi Fumso, Ghana

100% repaid

Entrepreneur

Name

Stephen

Member since

May 2015

On-time repayments

249 installments  •  37%

About Me

I graduated from High School last 2 years. Though I don't have bachelor degree but I do go for business seminars and also attend webinars which has given me more knowledge about business learning from successful entrepreneurs because I have the passion to learn new ideas to update whatever information I have to grow and advance myself and business. I do have the vision of expanding myself and business internationally to become a globally successful entrepreneur through hard-work. I have pass through hardships in school and home especially when I graduated from high school and have nothing to rely on to survive, I tried my possible best to get a business to do and by so doing I overcame it by selling phone accessories . I know I still have to continue my education so I was looking up to find how to get over that, I landed on alison.com and realized they teach for free with certificates. I took it upon myself to study from there to enhance myself because I do believe in self-reliance and sustainability. Even though where I stay is a village, I didn't consider that as a barrier because I know with the help of the computer the world is a global village. With this in mind to overcome many issues in life, this same computer brought to me an opportunity to get a loan from somewhere to do my business. I said to myself '' the internet has make it my mystery is changing to be a history''. I travelled a long way from my village to the nation’s capital Accra for a seminar and that is where I heard about zidisha.org which I hope will be a life changing exercise to me to expand my vision and make my dream real.

My Business

I sell home-used tires. This is a product that is of high demand because it help the community with their travelling plans to ensure safe journey on the road to each and every individual because it help save people from road accidents to ensure the bond of a happy family is maintained ignoring some of the risk road accident has on them causing a happy family to mourn a member. Currently am supplied by a supplier of these tires to sell them for a commission. The profit gain is use for reinvestment into the business for growth and expansion. My business is suffering due to the fact that the profit margin is low which cannot equate the needed growth and expansion of the business because this business is capital intensive business. I am with the motive of buying the tires myself so as to raise a normal profit to help expand the business nationwide with the help of zidisha.org.

Loan Proposal

I will use this loan to buy inventories myself to increase the profit margin gain to expand the business. With this, it will help me buy variety of tires to meet the needed demand here and will also help get in stock other car parts that are requested by customers so us to keep the expansion of the business in process to help make the business achieve it stated goals. I believe with the help of zidisha.org loan I can make it.

Feedback

None

None

None

Loan Info

Project Type

Classic Loan

Disbursed amount

$100.00

Date disbursed

Jun 1, 2015

Repayment status

On Time

Projected term

2 months

Other loans

Lenders

PG

Paul Graham

United States

Ask Stephen a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.

Loading...

Loading...

Loading...