Capacity-building loan for solar business

Franklin Asare

Accra, Ghana

100% repaid

Entrepreneur

Name

Franklin Asare

Member since

April 2018

On-time repayments

23 installments  •  83%

About Me

I started a palm top business at Kaneshie Lorry Station where I competed and got a lot of market for my candy wares, My peers in same palm top candy business made up their mind to beat me one day for taken the market from them since I refuse to sell at the same high price as their selling, so I absconded to another lorry station continue my business there, Though was born in 1982 and lives in Accra, Ghana. I am 5.9" tall in stature. As a child, I was educated up to Secondary School level. I was very determined in life and decided to do something for myself and believed in myself though I was not educated to the tertiary level, I stood firm because I knew When you’re desperate for cash, it’s easy to cut corners, compromise your values and deliver a subpar product or service. But the businesses that manage to weather their growing pains and stick to their guns are the ones that last longest and shine brightest. So I decided to do selling of Candies and tophies , I told myself thatI will sell to last breath of my life till I find another opportunity.” Eventually, I I saved some money and went back to continue my education in Information Technology, I thereafter went to Information Technology business of selling softwares and Networking as well as Website Development. After series of research online for international investment, I came about Zidisha through Google. ‘The name of my business is Eco Ghana Technologies Ltd. This is located within the heart of Accra. The main aim of establishing this business is the passion to computerize all businesses in most industry in the country for easy accessibility. lf I am able to build capacity as this a need, would be able to employ my colleges to also fend for their families. Information Technology is order of the future and want to bask into this opportunity to better my life and the lives of others I started this business after my tertiary education. I am the principal bread winner of my household. I started with nothing by using internet cafés as my office each time I need to draft a proposal or letter and subsequently, have increased to GH¢24,000 revenue per year . In fact, it has been wonderful and worth fighting ahead for success. Honestly, my Information Tech business has helped me because it has lessoned my financial challenges in my home thus paying of my children hospital bills, Schools, church Activities and more. I want to increase the business revenue fromGH¢24,000 to GH¢60,000 However, this vision cannot be achieved without access to good source of funding such as Zidisha.’
I need to reach this by building Capacity and recruiting more staffs reach the increasing markets in the country .
Mean While, I also loved helping people when I was a kid cause I loved to my peers happy all the time so that they can play with me most times.

My Business

Now my business income per year through struggles is GHS36,000 we need GHS120,000 to building capacity in order to satisfy the ever increasing needs of our clients. we are in the business of providing services on solar, inter comm, CCTV, software engineering, and website development along side diverting in transport business. Basically i choose to do this business because of the passion involve in solving complex challenges in the businesses using technological advances.
Normally my cost rises a little above my profits i.e cost is around GHS7000-9500 and profit is GHS3000-4250 respectively.

I reinvest 45% of my monthly profit into the business and pay my self as well as my colleague, Now we are engaging trustworthy drivers for our pending transportation business.

Loan Proposal

I believe i can make a great impact in the IT industry in Ghana if I am Granted a funding opportunity of GH¢45,000 to expand and build capacity in terms of reaching far and wide for prospecting as well as employing more people.

My Videos

Jul 28, 2022: Zidisha introduction

Jul 31, 2022: Zidisha introduction

Feedback

2

None

None

  • Jane    Jan 24, 2019

    Paid loan in full, good communication.

    Log in to reply • Share
  • Treesforpeople    Nov 19, 2018

    Franklin repaid his loan on time. I am keen to lend to him again, particularly to support his efforts to bring solar technologies to Ghana.

    Log in to reply • Share


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Loan Info

Project Type

Classic Loan

Disbursed amount

$38.00

Date disbursed

Aug 10, 2018

Repayment status

On Time

Projected term

1 week

Lenders

L

Liz

Nowra, Australia

Treesforpeople

Oxfordshire, United Kingdom

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