Mobile-phone shop expansion

Emmanuel Kyere

Berekum, Ghana, Ghana

100% repaid

Entrepreneur

Name

Emmanuel Kyere

Member since

August 2015

On-time repayments

89 installments  •  55%

About Me

I belong to a large polygamous family who grew up with all my other siblings in the same house. My childhood was quite and interesting one eating together with my other siblings who used to cheat we the young ones. What a nostalgic reminiscence.
I schooled at Presbyterian elementary school and continued to Berekum Secondary school and furthered to University of Ghana. My school days was not an easy one but my with my mum's assistance and God's mercy upon my life, things are turning around for my good.
I am a teacher by profession presently at Methodist JHS where I handle Mathematics.
I am married to an angel, the love of my life. Just became a Dad four months ago. I love kids a lot. My hobbies include browsing, reading, listening to music etc

My Business

I operate a shop alongside my teaching in which I deal in mobile phone accessories like screen guard, batteries, chargers, phone housing, handsfree etc. at a prominent location at Berekum around the main Lorry park. The start up capital was financed by a bank salary loan I took about two and a half years ago from a local bank.
The mobile phone accessories business is a very lucrative venture which is thriving a lot in Ghana now returning a profit of at least 40%.
I thus want to expand my inventory and supply to other dealers. My last loan was helpful but inadequate. I hope I would be able to raise something substantial to boost my business.

Loan Proposal

Mobile phones and accessories business is still quite a lucrative business in my Area currently. My turnover monthly is very good for a start up business; returning over 40 to 45% profit monthly. With a little push, I and my family would soon say goodbye to poverty.

My shop space is quite small so I want to expand it so that my suppliers would be willing to give me more stock on credit in addition to my cash purchases. If this is done, my returns would increase exponentially with more sales and I will be able to finance any loan I get from my lenders.

I am thus counting on Zidisha to help me expand my shop to realize my goal of attaining financial freedom. Thank you.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$276.00

Date disbursed

Jan 8, 2016

Repayment status

On Time

Projected term

4 months

Cost to entrepreneur

Service fee: $6.96

Lenders

C

Cblodgett

Zurich, Switzerland

DeanDropshot

Oslo, Norway

Scott

Oregon, United States

Pere

Barcelona, Spain

C

cjmenchaca

Austin, United States

B

blahblah

Nuernberg, Germany

beverly

Vancouver, Canada

G

graememoss

Amsterdam, Netherlands

T

tjgiving

Oakland, United States

BF

Bob Fitzjohn

Fontvielle, Monaco, Yemen

K

khassi

AinEbel, Lebanon

MrMichigander

Marquette, United States

Matching Fund

Sterling, United States

Paul Buchheit

Mountain View, United States

B

bugdaniel

Switzerland

J

JennK

Australia

mepster

San Francisco, Ca, United States

T

tmarkus

Netherlands

C

cactusgirl

London, United Kingdom

C

Crainster

Chapel Hill, United States

Gab

Singapore

W

Wade

United States

Yustian Hartono

Singapore, Singapore

A

Andrei

United States

AK

Achim Königs

Bonn, Germany

M

Mark

United States

M

Max

Netherlands

Heidy

N J, United States

Carlo Cruz

Cincinnati, OH, United States

TA

Tina Arantes

United States

Dan Michael

Oslo, Norway

Bill Glover

United States

J

JEGlover

United States

L

LK

United States

JC

Justin cohan

United States

Mojoe

Atlanta, United States

philippelazaro

Eugene, Oregon, United States

FJ

Flo Jo

United States

GG

Gituru Gitumbi

Seattle, United States

YV

Yuri Vanin

United States

J

Jon

United States

MF

Marissa Fiore

United States

DJ

David Jones

United Kingdom

V

Vidar

Oslo, Norway

S

Stephanie

Zurich, Switzerland

DK

Danny Kelly

United States

JC

juli camrud

United States

RC

Rudi Chen

United States

SR

Sharyn Ribich

United States

Carla

United States

MS

Marcus Siegel

San Francisco, United States

SV

Salim Virji

United States

JB

John Brown

United States

RK

Robin Kinman

United States

C

Cora

Switzerland

NM

Neil M

London, United Kingdom

SS

Sofia Shields

United States

L

Lauren

Dallas, TX, United States

Jes-c

United States

G

Gerry

Netherlands

Alice van Berne

Amsterdam, Netherlands

K

Kirsty

Netherlands

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