Equipment for my phone shop

Abdallah Muniru

Kumasi, Ghana

100% repaid

Entrepreneur

Name

Abdallah Muniru

Member since

February 2015

On-time repayments

81 installments  •  64%

About Me

I am Abdulla Muniru, 25 years old from Tamale in the Northern region of Ghana. After my completion of junior high school I moved in to repair phones, my master use to give me money for food so I saved some. And i worked with my master for about three years so I save a lot and I told my master that I want to open my own shop and I have enough money so he should help me and he helped me get a shop and I have been there for about two years now.

My Business

I am a phone repairer and which i am the only phone repairer there at first they use to go to the market that's about 30 minutes jurney to the market to repair their phone. Since the time i started work there no one has taken his phone to the market for repairs, they all bring it to me. My profit will be used to equip my shop.

Loan Proposal

I used the loan to buy equipment for phones such phone cover, phone batteries, phone chargers, phone screens, etc. That will cost $5 to $10.
People around me don't have to go to market for phone repair and buy phone equipment in the market again.
My profit will increase for about 50 percent

Feedback

None

None

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Loan Info

Project Type

Classic Loan

Disbursed amount

$111.67

Date disbursed

Feb 18, 2015

Repayment status

On Time

Projected term

4 months

Cost to entrepreneur

Lender interest: $111.67 at 7.97% annual rate over 4 months = $3.18

Service fee: $0.76

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