Inventory of mobile phone recharge cards

Entrepreneur

About Me

my name is David Della Edem from Ghana. i was born into a family of four with me been the second of the four children. Having been born into a rural area in Ghana, and having to grow up in a home in which the parents were virtually poor, ;i had such a difficult time completing high school but with determination i did. so i am a high school graduate. so after high school, i worked a little as a restaurant attendant for an auntie and later when i had accumulated a little money i invested it into the selling of recharge cards. so since 2009 i have been i this business of selling recharge cards for a living. however it is on very small scale.. all along i have been hopping that one day i will be able to trade in this recharge cards on large scale but this dream have been hindered by my in ability to raise capital for such a venture. In view of this , i was so happy when a friend did told me about Zidisha and the good work that the team and all lenders on this platform are doing in the life of young passionate individuals. i read in my spare time. i am therefore humbly appealing to all lenders here to help me fund my loan application which will go a long way to help me build my business and also build a happy and a better family for the family that i will father
thank you.........

My Business

i am into the selling of recharge phone cards in my community. and these recharge card are very well in demand and i enjoy very little competition as well. so i choose this kind of business due to small capital requirement that is needed to start it and also the profit margin. when i go for inventory, i usually make about 50% to 45% profit so that is not bad actually.i do invest back much of this profit and use to rest in my up keep and also help to care of my parents who are old now.

Loan Proposal

if my loan is fully funded to which i am confident that it will go through, i will use $50 to go for stock and will use $25 to buy a table and a chair and an umbrella with the symbols of the various network operators which will server as an advertising sign for my business and then i will use part of the rest to buy a lanteng for evening business . so as i will be working in the day and will close around 9pm, and with all the stock and advert i believe per my calculations that my profit margin will increase up to about 40% initially and as time goes on and i expand it can increase to some 50% to 60%. this will be of great help to me and my community since people will access to recharge cards at any time and this is very useful in emergency situations.....

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