Equipment purchase

Edwin

Hohoe, Ghana

100% repaid

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How it Works

Entrepreneur

Name

Edwin

Member since

October 2020

On-time repayments

10 installments • 40%

About Me

My name is Amedekah Edwin. My childhood was a very painful one because during my childhood l had an accident which resulted in the lost of one of my eyes. However, this did not deter me from achieving my goals in life. I am now a teacher by profession and currently teaching at Bethel Methodist Primary School, Hohoe in the Volta Region of Ghana with a bachelors degree. Aside being a teacher, I also provide internet services to prospective clients.

My Business

Provision of internet services to prospective clients. That is to say I do photocopies, typing, printing, scanning, online registrations etc. Currently l do all these at home alone but in the near future l will open a very big shop with more equipments and I will also employ more hands where l believe larger revenue will be coming in.
In todays world where ICT services has become the order of the day and most especially where this skill is not common to a large number of people and even if it is common, not all have the means to acquire the means to that effect hence the demand for the services.
My day in day out cost so far as the business is concern include purchase of power, papers repair of equipment etc. On a daily basis I will say return on all these costs is encouraging.
The revenue from all these services provided is used for many things including payment of school fees and also providing for the family.

Loan Proposal

The loan I am currently applying for, if granted, will be used to purchase more equipment, especially an extra home-used monitor for my ICT services.
With this equipment purchased, I will be more efficient at what l am currently doing. With this, l will also be able to affect lives around me positively such as paying for my kids school fees etc.
With this loan used wisely, my profit margin is expected to increase by about 8%.

Income Source

Since the loan will be boosting my profit by about 8%, l believe this increase in profit couple with the daily sales made, l will be able to settle my loan.
Also with the income that l earn every month for being a teacher, l believe in worse cases l can use that to settle my loan.