Name
Samuel
Member since
June 2020
On-time repayments
13 installments • 38%
I am Samuel Gyedu Nyanyi the owner of Gye Nyame Phones and Accessories located at Takoradi, Western Region of Ghana. I established this business to provide quality, accessible and affordable Phones and accessories to the people of Downtown who mostly used to travel to far towns to buy their phones and accessories
As a passionate entrepreneur, I used my savings to establish this business after I saw that the opportunity to provide phone delivery services to school teachers and colleagues at school and church.
Realizing that I could not use enough founds to continue my education, I focused on gaining my business to meet the rising demand. I need money to purchase a store for $1186.44 and stock it so that I can benefit from charging higher prices for the superior services provided
While I need GHc20,000, I will use the GHc101 to stock the store. Currently, the estimated weekly demand exceeds the store's capacity to supply.
Hopefully, I will repay it quickly to qualify for a higher loan facility from Zidisha.
While Covid-19 has impacted lives in general, consumer spending on phones has not been adversely affected. This is the time when more than ever people are working from home and students are learning online. As a result, demand for my products has seen a surge. Thus I will be able to pay to apply for a higher loan.
Positive
1
Neutral
None
Negative
None
Project Type
Classic Loan
Disbursed amount
$18.00
Date disbursed
Jul 14, 2020
Repayment status
On Time
Projected term
0 weeks
Other loans
Ask Samuel a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.
Urszula Jul 27, 2020
Loading...