Electronic recharge units for my credit transfer business
Nyarko
Takoradi, Ghana
100% repaid
Entrepreneur
Name
Nyarko
Member since
November 2017
On-time repayments
52 installments • 83%
About Me
I am called GYIMAH NYARKO DAVID in full. Born and breed in the eastern part of Ghana, precisely at Obo-Kwahu. I attended my basic education not in one of the endowed schools but with determination and hard work passed into a senior high school where I also passed well enough to enable me enter a tertiary institution. In fact my greatest setback was at this level as the painful death of my father just after enrollment brought an untold hardship. But that not withstanding I sailed through with a second class honors. Ghana is noted for its peaceful environment as well as its mineral resources like gold, diamond etc. With no children now, I and my wife hope to improve on our life and become financially sound in order to help others. I like playing and following football and my fond memories of my primary school days where I was the CR7 of my school team. On one occasion I remember I scored two spectacular goals for my school and got injured in scoring the last one. Surprisingly, before I was treated returned to the field again, the little drinks that was to be shared got finished and I had to play on an empty stomach. Hahaha!!!
My Business
As a public sector worker, I have a monthly stream of income and a little source of passive income which put me in a good position to repay the loan. I am into mobile phone call credits, even though I financed it with a meager amount,it has great potentials because in my country Ghana, approximately everyone uses more than one phone translating into billions of cedis every month. Personally my own calculation of how how much phone credit I use informed my entering into that venture as a part time job. Since it is an online job, it has lower costs of operation except for service charges. Interestingly, incomes from what I do is my family's source of sustenance talk about health care, feeding,etc. It is my wish to venture into my number one business target which is forex trading and liquid soap production for my wife hence the need for your support.
Loan Proposal
I intend to buy more call units and load my account so as to reach a lot of potential customers who are usually left out of my market segment because I can serve them all. I will use $70 to laod my account with the electronic credit units, and the remaining $20 for payment of mobile internet data bundle. Because in business if you are able to raise your revenues(sales), and keep your operational costs low (expenses) then your profitability increases, I expect that my profit will rise above 100%. I fervently hope to receive this loan from lenders to grow my online business and even make it bigger.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$95.00
Date disbursed
Feb 14, 2018
Repayment status
On Time
Projected term
7 weeks
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Margaret Oct 15, 2018
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