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
I will use the money to stock my store with phone accessories. Demand has surged, but supply is the challenge because credit purchase from my suppliers are expensive. This means it is profitable to pay before I can stock
During this COVID -19, the demand for my products had gone up because more people are using smartphones to study and work. Therefore, I will pay the loan with the profit from my trade. Thank you
Positive
1
Neutral
None
Negative
None
Project Type
Classic Loan
Disbursed amount
$32.00
Date disbursed
Jul 23, 2020
Repayment status
On Time
Projected term
1 week
Other loans
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Urszula Jul 27, 2020
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