Inventory management

Samuel

Accra, Ghana

100% repaid

Entrepreneur

Name

Samuel

Member since

June 2020

On-time repayments

13 installments  •  38%

About Me

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

My Business

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

Loan Proposal

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.

Income Source

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.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$18.00

Date disbursed

Jul 14, 2020

Repayment status

On Time

Projected term

0 weeks

Lenders

Paul Buchheit

Mountain View, United States

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