Inventory of mobile recharge cards & phone accessories
Dora
Fawoade, Ghana
100% repaid
Entrepreneur
Name
Dora
Member since
December 2014
On-time repayments
119 installments • 37%
About Me
Dora Marfowaa is my name. I am 20 years of age and I am a Ghanaian. I live at Fawoade in the Kwabre East District in the Ashanti Region on the Asante Mampong Highway. When I was leaving upper primary to the Junior High School, my mum who has been single parenting me lost her job and I had to do something to help myself through school. i had a sister who used to sell recharge cards for phones and phone accessories so I decided to work with her and get something which could take me to school everyday and that turned out to be a success. I was able to cater for myself through the first year of my Junior High School until my mother regain her job. Now I have completed Senior High School and because of economic hardship, I couldn't continue to the university. Starting something on my own has always been my philosophy, so from childhood after gaining experience in the work I did. I have the intention of starting a that same business with the little I have since its the one I have greater experience in, and build upon it through hardworking and determination so that I can make it to the University .
My Business
Recharge cards (the airtime we load unto our phones) and phone accessories (phone housing, batteries, phone covers and screen protectors) has always been in high demand on the market. People always wants to make calls and protect their phones from damaging because phone is very expensive these days, it has actually led to the demand of these goods very high on the market and it is a very lucrative business.
if granted the loan, 40% of it will be used to purchase bulk of the recharge cards since its demand is extremely high on the market. 35% will go into phone housing and screen protectors. And finally I will invest the 25% into phone batteries too because its demand on the market is not as high as the recharge cards and the housing and screen protectors for phone. Whatever profit I get from this business will be used to reinvest into the business since its a new business.
Loan Proposal
When my loan if funded, I will use $40.00 to purchase recharge cards because it is on a high demand on the market and with this I expect to get a profit of 15-20%. Invest %35.00 also into purchasing phone housing and screen protectors because that's the next highly demand goods on the market with a profit expectation of 12-17%. Finally I will then invest $25.00 into purchasing of phone batteries with about 10% profit expectation. Most of the time I use the profit to pay for the person I have hired to sell for me so that I can also get ample time to study since i'm in school.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$100.00
Date disbursed
Jan 12, 2015
Repayment status
On Time
Projected term
4 months
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