Inventory of mobile phones

Kwame

Kumasi, Ghana

6% repaid

Follow Kwame

How it Works

Entrepreneur

Name

Kwame

Member since

March 2014

On-time repayments

43 installments • 23%

About Me

My name is Kwame Nani a computer engineering student in KNUST level 300,21 yrs of age and coming from a family of 4,due to the high unemployment rate in my country i ventured into my own private business of selling electronic gadgets specifically laptops,mobile phones and tablets,i purchase more electronic gadgets which i sell from the proceeds of the sold gadgets

My Business

My income source is from the electronic gadgets i sell i.e i plough back what i make in profit together with my capital back into the business.The items i sell are laptops,mobile phones and tablets which are one of the most essential things we on campus need thats my market niche.for a fact there is some level of competition in this field but customers prefer my goods to others because i sell these goods brand new as it's been made from the factory,the business is profitable because these items i sell are everyday items each and everyone needs in this modern age of technology,the risk about this venture are harmful people who pose as potential customers and attack you with guns on meeting them for transactions.
i am going to use this loan to invest in this business to make it bigger than what it is now

Loan Proposal

I am Kwame Nani a 21yr old boy in his final year in KWAME NKRUMAH UNIVERSITY OF SCIENCE AND TECHNOLOGY(KNUST) studying computer engineering.
I decided to venture into the sale of electronic gadgets ;laptops,mobile phones and tablet computers because there was a dire need for these items in the university where I study .
This business is very profitable because I averagely make 30% profit on each item I sell.
When given this loan I'll purchase more of these electronic gadgets from my retailers ,sell them use part of my profit to support a building project in my community and plough back the returns into my business to make it bigger than what it is today.
The amount needed is $270
Thank you