Expansion of satellite installation
Frederick
Techiman, Ghana
7% repaid
Entrepreneur
Name
Frederick
Member since
March 2015
On-time repayments
26 installments • 42%
About Me
I am Frederick Ankamah. I had my primary school education at Miracle Preparatory School in Sunyani the Brong Ahafo regional capital.After my junior high school, I moved on to Berekum Senior High.Schooling was not easy because I had to combine helping my mother at the market with her petty trading with learning.Through these difficulty I thrived and by the grace of God made it to the University.I have completed as a professional teacher and how teaches at a secondary school in Techiman. I am a very sociable person and accept everyone as my own brother or sister.Two years down the line, I started my own business through the little savings from my monthly salary. One unique thing about the area I am working and the country Ghana as a whole is that sources for funding business is very limited. So to start a business venture on your own demands a lot of self discipline and dedication.My hobbies as a young man include watching football matches, making friends and reading.
My Business
I started my business barely two years after I completed the university and started working.Out of the little savings from my monthly salary I thought it quite expedient to enter into a lucrative venture.I therefore opted for the selling of decoders and satellite installation.My going into this business was championed by the very fact that most people in Ghana were and as a matter of fact are now changing of the old system that existed to the new digital kind of transmission.This line of business has become lucrative due the interest of the masses especially the youth in local and international sports that are shown on the various channels.
With my starting capital, I was able to purchase only ten pieces at the total cost of one hundred dollars equivalent as of the time.Now i am just only to purchase twenty pieces which is not able to meet the teaming demand of customers.The accrued profits is reinvested in the business.More over I am a monthly earner and will use part of my earnings to repay the loan when is approved and given out.
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Loan Proposal
I intend contracting this loan to expand my satellite installation and accessories.I bought three decorders and accessories which amounted to 240 dollars with the first loan.One decorder costed 75 dollars.After selling these three decorders and the accessories,i had a profit which helped me in buying two additional decorders to meet the demands of customers.With this improvement,if zidisha team and lenders grant me this loan, there Will be further boost to meet demands of customers,get more profit thereby expanding the business.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$209.00
Date disbursed
Aug 27, 2015
Repayment status
Late
Projected term
3 months
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Summary
Amount repaid
$14.75
Amount remaining
$188.25
Expected completion
Dec 6, 2015
Status
Repaying late
Installment amount
$14.75
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Sep 6, 2015 | $14.75 | Sep 6, 2015 | $14.75 |
| Sep 13, 2015 | $14.75 | ||
| Sep 20, 2015 | $14.75 | ||
| Sep 27, 2015 | $14.75 | ||
| Oct 4, 2015 | $14.75 | ||
| Oct 11, 2015 | $14.75 | ||
| Oct 18, 2015 | $14.75 | ||
| Oct 25, 2015 | $14.75 | ||
| Nov 1, 2015 | $14.75 | ||
| Nov 8, 2015 | $14.75 | ||
| Nov 15, 2015 | $14.75 | ||
| Nov 22, 2015 | $14.75 | ||
| Nov 29, 2015 | $14.75 | ||
| Dec 6, 2015 | $11.25 | ||
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