Name
Effah
Member since
July 2016
On-time repayments
8 installments • 75%
My name is Effa victor. I am a guy of 22 years and a graduate of a high school. I was born in town in Ghana called sunyani which is located in the Brong Ahafo.I am the first born of my parents with four children. I overcame hardship when a friend of mine introduced me to a mobile phone business, I started doing this business with a little sum of money and with things moving on well, I have been able to make a start up capital. I have been doing this business for eight months now and it is improving. I live in one of the fastest growing towns in Ghana. My town has a large market and people from neighbouring countries come to trade there. This market is the largest market in Ghana. There are a lot of businesses in my town due to the market . So I have decided to apply for this loan to boost my mobile phone business. I have not given birth yet but I would want my children to become a high profile people in my community, they might choose their own work but I will prefer they choose business among what ever they will do.thank you this is all I can say about me
My mobile phone business comprises of smart phones and accessories. I deal with selling of phones, chargers, handsfrees,headphones, , and many more. Smart phones has been the order of the day now because people now uses these phones to access internet, and do many things. These phones are highly in demand now so I think when I supply some, people will surely buy them and I think I will gain profit. I chose this business because , the profit gain in it is very high due to the demand in them. My typical cost is about 800ghc and revenue is about 20 ghc. I use my profit to reinvest in the business and also save some.
Hello sir, please ill use my loan to invest into my bussiness and create a high profit and pay my loan , reinvest in my bussiness and save and donate some .thank you
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Project Type
Classic Loan
Disbursed amount
$10.00
Date disbursed
Nov 14, 2016
Repayment status
Late
Projected term
7 weeks
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