Inventory of phone recharge cards retailing

Monica

Accra, Ghana

100% repaid

Entrepreneur

Name

Monica

Member since

December 2014

On-time repayments

151 installments  •  78%

About Me

I was previlage to have basic education through to the secondary level which I completed in may 2004,
I travel to the city where I got employed as a sales girl in mobile recharge cards.
it was here that I got the idea of starting something of my own because the income i get as a worker was not enough for me ,so I bought the shop I worked in when my employer put it on sale with the little I saved; maintaining my customers.
though i am now into a full time self employed in the telephony sector as a retailer in recharge card, i have the dream of one day taking distance course in business administration to better myself, my childhood dream i will accomplish one day.
I see this as a step closer to that dream with a stable financial backings.

My Business

My stay in business for the past year is good after the initial battle with keeping customers and staying in business.
The sale of recharge cards is fast moving venture with a low profit margin hence requires much attention and time and these cards are used by almost everybody on daily basis hence the assurance to your regaining of capital invested worst being breakeven.
This has prompt me to adding the sale of phone accessories which they (customers) ask of many a time.
I have a kid and a brother at the basic and secondary education sector respectively who depend on this recharge business.
Its a great relief to hear of this online lending and i hope to a brighter business with this opportunity.
hope this loan too is funded on time to cushion me to my dreams.

Loan Proposal

The sale of phone accessories and recharge cards is in high demand so I will use this loan to stock its supply
the stocking of these goods(phone accessories and recharge cards) will help me to maintain customers thus halting directing customers elsewhere for products I deal in.
keeping my customers is my means of raising my profit margin and secure my family's sustenance.
When i get this loan, i will invest it into buying more of the recharge cards especially that of MTN and Tigo as they have the lion share of subscribers in Ghana.
The rate at which my business boosted as i was able to get all stocks to serve my customers had even beat my imagination on the estimated profit hence i was able to repay my first loan on time without delay, my appreciation to all lenders to letting me see this come true.
I hope this loan too will be funded on time to guarantee my stay in business.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$537.00

Date disbursed

Feb 28, 2015

Repayment status

On Time

Projected term

5 months

Lenders

Paul Buchheit

Mountain View, United States

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