Investing into phone covers to sell

Samuel

Kwamo, Ghana

100% repaid

Entrepreneur

Name

Samuel

Member since

April 2021

On-time repayments

7 installments  •  43%

About Me

Well, I’m from Kwamo, Ashanti. I was born in 1990 and spent most of my childhood hunched over a piano, striving to become a concert pianist (which I now am). I am married with a boy child and I love the outdoors, I play football and basketball. I really love working with my hands and spent a lot of my time in my phone shop.”

I am ambitious and driven. I thrive on challenge and constantly set goals for myself, so I have something to strive toward. I'm not comfortable with settling, and I'm always looking for an opportunity to do better and achieve greatness.

My Business

I have a phone shop where I sell all kinds of phones and accessories to my clients. Phone and accessories is a good business which demands more investment. I sell to my customers on retailing and special order which is sent to the customer at his or her destination upon order. I have passion for phones hence my decision to invest into this kind of business. I raise alot of profit from this business and with a little support I would be able to open more shops across the country. I always reinvest the profit back into the business.

Loan Proposal

Everyone phone needs a protective cover to prevent it from scratches and damages when it fell on the ground. So the request for phone covers is very high because anyone who buys phone is presumed to buy a phone cover. Taking this loan would help.me boost my stock in phone covers and would help me raise profit to support my business very well. The profit I would get would be reinvested back into the phone covers business and some other expenses.

Income Source

As I said the demand for phone covers is very high as people purchase these items on daily basis, this has created avenue for me to raise enough profit buy selling out these phone covers. So I would be paying the loan from this profit as expected of me.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$99.00

Date disbursed

Apr 23, 2021

Repayment status

On Time

Projected term

1 week

Lenders

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