Increase my mobile money business capital

Atakora

Techiman, Ghana

100% repaid

Entrepreneur

Name

Atakora

Member since

October 2017

On-time repayments

38 installments  •  66%

About Me

Hello,I'm into mobile money transfer business.It very profitable when your capital is much.The more money you are able to withdraw or deposit, the higher commission you get.I need more money to inject into my business to be able to serve most of my customers. Thanks you.

My Business

I operate day to day activities by myself.At the initial stage I started with 1500 Ghana CEDI's.And as time goes on I went for loan at the bank. But l realized that the bank loan wasn't helping me as it comes within numerous charges,processing fee,insurance fee,forms fee and 38% interest per annum. So now I'm helpless,because my capital isn't enough

Loan Proposal

If I'm granted this loan,l will use it to increase my business capital. As the saying goes,the fisherman with the biggest net catches the most fish.My base business capital is around 705 dollars which often doesn't allow me to service most of my customers. And working with zidisha I believe as time goes on I'll be able to service every person that will come and transact at my venture. Even with my small capital I'm able to get a little over 200 dollars a month and expert it to increase to 240-250 dollars a month.And I believed as I grow gradually in zidisha,the sky is the limit.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$134.00

Date disbursed

May 27, 2018

Repayment status

On Time

Projected term

6 weeks

Lenders

sderickson

Berkeley, CA, United States

Lou Kaucic

Sanbornton, NH, United States

HCPSPIRIT

Helsinki, Finland

Paul Buchheit

Mountain View, United States

A

Anonymous

United States

John Barnett

United States

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