Funds to increase stock base of phone recharge cards
Naakon
Accra, Ghana
15% repaid
Entrepreneur
Name
Naakon
Member since
January 2015
On-time repayments
82 installments • 15%
About Me
I was privileged to go through basic education through to the secondary level, which I completed in May 2004. I traveled to the city, where I got employed as a sales boy in mobile recharge cards on work-and-pay basis.
It was in this business that I got the idea of starting something of my own, because the income is not enough for me. So I worked with my employer, maintaining my customers.
I see this as a step closer to my dream of establishing a business of my own.
My Business
My stay in business for the past year has been good, after the initial battle with keeping customers and staying in business. The sale of recharge cards is a fast-moving venture with a low profit margin, hence it requires much attention and time. This has prompted me to add the sale of phone accessories, which they (customers) ask for many a time.
I have a kid and a brother at the basic and secondary education sector, respectively, who depend on this recharge business. It's a great relief to hear of this online lending site, and I hope for a brighter business with this opportunity.
Loan Proposal
As I am already established in the the and the boost given by the my first loan, I am keen in investing any money into rooting my business.
I will straight away buy more of recharge cards as it has ready market and as a business oriented I will restock some of few accessories. In percentage- wise ,I will apportioned it as 70/30% as I quickly get my returns from the card .
This loan will supplement my effort to reaching that dream some day.
Thank you for being part of my business history.
About Me
I was previllage to go through basic education through to the seconndary level which I completed in in may 2004
I travel to the city where I got employed as a sales boy in mobile recharge cards on work and pay basis.
it is in this business that I got the idea of starting something of my own because the income is not enough for me ,so I worked with my employer ; maintaining my customers.
I see this as a step closer to my dream of establishing a business of my own
My Business
My stay in business for the past year is good after the initial battle with keeping customers and staying in business.
The sale of recharge cards is fast moving venture with a low profit margin hence requires much attention and time .
This has prompt me to adding the sale of phone accessories which they (customers) ask of many a time.
I have a kid and a brother at the basic and secondary education sector respectively who depend on this recharge business.
Its a great relief to hear of this online lend and i hope to a brighter business with this opportunity.
Loan Proposal
As I am already established in the the and the boost given by the my first loan, I am keen in investing any money into rooting my business.
I will straight away buy more of recharge cards as it has ready market and as a business oriented I will restock some of few accessories. In percentage- wise ,I will apportioned it as 70/30% as I quickly get my returns from the card .
This loan will supplement my effort to reaching that dream some day.
Thank you for being part of my business history.
Feedback
Positive
1
Neutral
None
Negative
None
Loan Info
Project Type
Classic Loan
Disbursed amount
$82.00
Date disbursed
May 29, 2015
Repayment status
Late
Projected term
16 months
Other loans
Lenders
United States
Ask Naakon a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.
Summary
Amount repaid
$12.50
Amount remaining
$71.25
Expected completion
Sep 25, 2016
Status
Repaying late
Installment amount
$1.25
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Jun 7, 2015 | $7.50 | Jun 16, 2015 | $7.50 |
| Jun 14, 2015 | $0.00 | ||
| Jun 21, 2015 | $0.00 | ||
| Jun 28, 2015 | $0.00 | ||
| Jul 5, 2015 | $2.50 | Aug 23, 2015 | $2.50 |
| Jul 12, 2015 | $2.50 | Aug 23, 2015 | $2.50 |
| Jul 19, 2015 | $0.00 | ||
| Jul 26, 2015 | $0.00 | ||
| Aug 2, 2015 | $0.00 | ||
| Aug 9, 2015 | $0.00 | ||
| Aug 16, 2015 | $0.00 | ||
| Aug 23, 2015 | $0.00 | ||
| Aug 30, 2015 | $1.25 | ||
| Sep 6, 2015 | $1.25 | ||
| Sep 13, 2015 | $1.25 | ||
| Sep 20, 2015 | $1.25 | ||
| Sep 27, 2015 | $1.25 | ||
| Oct 4, 2015 | $1.25 | ||
| Oct 11, 2015 | $1.25 | ||
| Oct 18, 2015 | $1.25 | ||
| Oct 25, 2015 | $1.25 | ||
| Nov 1, 2015 | $1.25 | ||
| Nov 8, 2015 | $1.25 | ||
| Nov 15, 2015 | $1.25 | ||
| Nov 22, 2015 | $1.25 | ||
| Nov 29, 2015 | $1.25 | ||
| Dec 6, 2015 | $1.25 | ||
| Dec 13, 2015 | $1.25 | ||
| Dec 20, 2015 | $1.25 | ||
| Dec 27, 2015 | $1.25 | ||
| Jan 3, 2016 | $1.25 | ||
| Jan 10, 2016 | $1.25 | ||
| Jan 17, 2016 | $1.25 | ||
| Jan 24, 2016 | $1.25 | ||
| Jan 31, 2016 | $1.25 | ||
| Feb 7, 2016 | $1.25 | ||
| Feb 14, 2016 | $1.25 | ||
| Feb 21, 2016 | $1.25 | ||
| Feb 28, 2016 | $1.25 | ||
| Mar 6, 2016 | $1.25 | ||
| Mar 13, 2016 | $1.25 | ||
| Mar 20, 2016 | $1.25 | ||
| Mar 27, 2016 | $1.25 | ||
| Apr 3, 2016 | $1.25 | ||
| Apr 10, 2016 | $1.25 | ||
| Apr 17, 2016 | $1.25 | ||
| Apr 24, 2016 | $1.25 | ||
| May 1, 2016 | $1.25 | ||
| May 8, 2016 | $1.25 | ||
| May 15, 2016 | $1.25 | ||
| May 22, 2016 | $1.25 | ||
| May 29, 2016 | $1.25 | ||
| Jun 5, 2016 | $1.25 | ||
| Jun 12, 2016 | $1.25 | ||
| Jun 19, 2016 | $1.25 | ||
| Jun 26, 2016 | $1.25 | ||
| Jul 3, 2016 | $1.25 | ||
| Jul 10, 2016 | $1.25 | ||
| Jul 17, 2016 | $1.25 | ||
| Jul 24, 2016 | $1.25 | ||
| Jul 31, 2016 | $1.25 | ||
| Aug 7, 2016 | $1.25 | ||
| Aug 14, 2016 | $1.25 | ||
| Aug 21, 2016 | $1.25 | ||
| Aug 28, 2016 | $1.25 | ||
| Sep 4, 2016 | $1.25 | ||
| Sep 11, 2016 | $1.25 | ||
| Sep 18, 2016 | $1.25 | ||
| Sep 25, 2016 | $1.25 | ||
Loading...