Loan for working capital to provide mobile money withdrawl

Samuel

Kpong, Ghana

100% repaid

Entrepreneur

Name

Samuel

Member since

July 2015

On-time repayments

127 installments  •  57%

About Me

A young man of 24 years of age raised by my mother. I had my Basic Education at Kpong Methodist Basic Schools. I further it up to Akuse Methodist Senior High Tech. School and successfully completed. Currently, I am studying Bachelor Degree in Psychology and Foundations of Education at University of Cape Coast, Ghana by distance learning. I had Diploma Certificate in Business Management from Don Bosco Business College. I Started sales of recharge cards as table top enterprise during my basic education, senior high level and still on it. Sometimes I travel to other neighboring towns to makes sales of SIM cards, phone credit etc.
The profits is often saved until I decided to make use of it to setup the container where I currently operates. I'm passionate for positive change and also self-motivated.

My Business

(CORNERSTONE INITIATIVE LTD)
(SAMUEL KWABENA KABUTEY)
(P. O. BOX 3 KPONG-ZONGO, LOWER MANYA-KROBO)

Phone: +233249594345/0504594345

Email: [email protected]

Web Address: (Facebook: facebook.com/cstoneinitiative)
(Twitter: cstoneinitiate)
Deals in Mobile Money transactions, Transport Services, Typing & Printing, Sales of WAEC Result Checker Cards, Phones, SIM's (chip), Unit transfer & Recharge Cards(wholesale & retail).
Being a telecommunication products and financial services, the demand is very high and the public and even business men can't do without this products and services. I dive into this business because of my passion to serve humanity with all humility moreover, it is a profitable venture. The profits here is again reinvested into the business to increase the customer-base and profits as well.

Loan Proposal

Mobile money is a solution that allows registered customers to send and receive electronic value/money, withdraw money from their mobile device as well paying bills and buying goods.
As an agent, I play the role of registering customers on the service, initiating sending and withdrawal of electronic value/money. All these comes with a commission which becomes my profit. I will be saving this profit which will be used in paying my admission fee for my tertiary education which I have already applied for and waiting for admission.

Feedback

1

None

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Loan Info

Project Type

Classic Loan

Disbursed amount

$145.00

Date disbursed

Feb 24, 2016

Repayment status

On Time

Projected term

4 months

Lenders

S

Snick

Halle, Germany

H

Hilke

Bremen, Germany

zebby24

Ft.myers, United States

investor

Candiac, Canada

Jakub

Velke Svatonovice, Czech Republic

J

johan

Oslo, Norway

BelleStarr

Albuquerque, United States

K

KakkoiiCali

Anaheim, United States

cyrus0302

San Francisco, United States

D

dhedmonds

Toronto, Canada

E

Ehaffey

Washington D.C., United States

Johnny

shanghai, China

DeanDropshot

Oslo, Norway

C

CanadianBiker

Peterborough, Canada

J

JBosshardt

Redmond, United States

Straetman

Kaarst, Germany

J

jozua

Delft, Netherlands

Godsglory1

Santa Cruz, United States

G

gt2016c

Birchgrove, Australia

I

IngeH

Muehlheim, Germany

R

rcmssr

Woodbury, United States

T

TheAwakenOne

Sydney, Australia

T

ToddK

Indianapolis, IN, USA, United States

S

Steveandson

Arlington, United States

C

cjmenchaca

Austin, United States

J

JNale

Reedsville, PA, United States

D

danny

Karlsruhe, Germany

B

Bavarian

Bavaria, Germany

rasmus

Bern, Switzerland

ads68

Melbourne, Australia

Cadwah

Barcelona, Spain

fairspirit

Utrecht, Netherlands

BF

Bob Fitzjohn

Fontvielle, Monaco, Yemen

dmirpuri

Bangkok, Thailand

E

E

Marin county, United States

M

Malibu

Westwood, United States

Paul Buchheit

Mountain View, United States

K

Karpet

Faroe Islands

mepster

San Francisco, Ca, United States

Bjorn

Heggedal, Norway

K

Keith

Luxembourg

M

mbarbier

United States

Matt B

Stratford Upon Avon, United Kingdom

BB

Ben Bellows

United States

Rosario von Li

San Jose, Ca, United States

AV

Alex Victor

Scottsdale, United States

RC

Rudi Chen

United States

HPK

Switzerland, Switzerland

Ask Samuel a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.

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  • Samuel    Jul 30, 2023

    Unable to pay off due to Bank of Ghana regulations and bankruptcy

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  • Samuel    Jun 6, 2022

    I am just recovering from bankruptcy. I have been out of Business due to Covid 19 and just had my shop reopened. I am currently picking up from my loses.

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  • Samuel    Nov 26, 2019

    Things have been hard for me this years. I have run out of business.

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  • Samuel    Nov 5, 2018

    Unfavorable economic policies and job loses affected my business. Undertaking recapitation process to bounce back.

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  • Samuel    Jun 23, 2017

    Business has been running very slow.

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  • Samuel    Feb 24, 2017

    Business is moving at a slow pace.

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  • Samuel    Dec 7, 2016

    Hello Lenders! I have received the loan of GHS 3,236. I will be using it to buy the commercial printer which is more efficient for large printing. I am very grateful to the Zidisha Team and my lenders and cannot hide my joy for this generosity. Thank you.

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    • Matt B    Dec 7, 2016

      I am delighted to hear that, good luck with your business!

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  • Samuel    Dec 1, 2016

    Going through my course modules at work during my leisure time.

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  • Samuel    Dec 1, 2016

    Thanks to my generous Lenders for once again funding my loan. The idea of finding solutions to the problem of walking long distances before having a printing press is my goal. It is for this reason that I requested for the funding in buying the commercial printer. To God be the glory! This has been fulfilled. God bless you all and the Zidisha Team as I patiently wait for disbursement. Happy New Month!

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  • Samuel    Nov 22, 2016

    I thank God for another successful and completed journey with Zidisha. I have been able to finish paying my loan which took me more effort and dedication to be completed. My business has been able to reach another level of stability. Thanks to my lenders for making this possible.

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  • Samuel    Nov 10, 2016

    Making the best out of the moment . With Zidisha you have a guaranteed financial freedom.

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  • Samuel    Nov 4, 2016

    A posture with a neighbour, my kid sister at my work place.

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  • Samuel    Oct 23, 2016

    Business is improving despite the economic challenges. The investment hasn't gone wasted.

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  • Samuel    Oct 21, 2016

    Life is well lived and meaningful when we commit ourselves in bringing out the best in others with what we have to make their dreams realized. Zidisha has proven this commitment by changing and transforming lives.

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    • Matt B    Oct 21, 2016

      It's great to hear that we can make a real difference!

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  • Samuel    Oct 8, 2016

    Today marks the beginning of my academic and tertiary journey towards achievement of a diploma in Psychology and Foundations of Education. Orientation and distribution of study materials was done today at my study center. I give glory to God and Zidisha for making this ambition possible. Long Live Zidisha.

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  • Samuel    Sep 24, 2016

    I have decided to increase my repayment to suit the current condition of my business. Things are going well and the reschedule is necessity.

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  • Samuel    Sep 24, 2016

    Dear Lenders! Its a great news to say I'm now a Volunteer Mentor to new members. I pledge to update Lenders of their difficulties and successes in their endeavors as well as that of mine. Zidisha! Changing Lives!

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  • Samuel    Sep 13, 2016

    Please I did a payment of 80.00 with a different number of mine which is 0549761404 on the 10th Sept, 2016. This was by mistake and sorry for the inconvenience caused.
    Hoping to see it credited into my repayment account.

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    • Matt B    Sep 14, 2016

      If you haven't already done so I suggest you email [email protected] with all the details. They don't monitor these discussion pages for technical queries.

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      • Samuel    Sep 15, 2016

        I have done that before posting here but even now it has still not been recorded.

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  • Samuel    Jul 22, 2016

    Finally the loan of $342 has been transferred into my Mobile Money account. Since the deadline of admission fee payment is August 31, 2016 I would like to add it up to my business cash flow to yield profit and then hopefully do the payment in the middle of August. My mum is very grateful for your generosity and philanthropic gesture in funding almost 80% of my fees whist I do the additional 20% myself. Thank you my Lenders and the Zidisha Team.

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