Loan for bulk recharge cards to sell in my neighborhood
Dora
Fawoade, Ghana
63% 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
I am once again grateful for the opportunity, once given the loan I am going to invest the whole money which is almost $100.00 (GH 319.00)into the purchase of mobile phone recharge cards(airtime). This is because, from past experience, the recharge cards are the ones which are bought quickly than any other commodity and it's all because people are making calls day in and day out. My profit margin is on commission basis, 1% profit on every card you are able to sell. Now since I have established the link with my neighbors as a seller of the recharge cards, I dont need to go out there, they are always coming to my house to buy. Thank you and hope my loan gets funded soon.
Feedback
Positive
None
Neutral
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Negative
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Loan Info
Project Type
Classic Loan
Disbursed amount
$82.00
Date disbursed
Jun 16, 2015
Repayment status
Late
Projected term
24 months
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Summary
Amount repaid
$52.75
Amount remaining
$31.00
Expected completion
Jun 18, 2017
Status
Repaying late
Installment amount
$0.50
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Jun 28, 2015 | $7.50 | Jun 11, 2015 | $7.50 |
| Jul 5, 2015 | $7.50 | Jun 11, 2015 | $5.00 |
| Jul 23, 2015 | $2.50 | ||
| Jul 12, 2015 | $2.50 | Jul 23, 2015 | $2.50 |
| Jul 19, 2015 | $0.00 | ||
| Jul 26, 2015 | $0.25 | Jul 25, 2015 | $0.25 |
| Aug 2, 2015 | $0.25 | Jul 25, 2015 | $0.25 |
| Aug 9, 2015 | $0.25 | Jul 25, 2015 | $0.25 |
| Aug 16, 2015 | $0.25 | Jul 25, 2015 | $0.25 |
| Aug 23, 2015 | $0.25 | Jul 25, 2015 | $0.25 |
| Aug 30, 2015 | $0.25 | Jul 25, 2015 | $0.25 |
| Sep 6, 2015 | $0.25 | Jul 25, 2015 | $0.25 |
| Sep 13, 2015 | $0.25 | Jul 25, 2015 | $0.25 |
| Sep 20, 2015 | $0.25 | Jul 25, 2015 | $0.25 |
| Sep 27, 2015 | $5.00 | Sep 27, 2015 | $5.00 |
| Oct 4, 2015 | $5.00 | Sep 27, 2015 | $5.00 |
| Oct 11, 2015 | $5.00 | Sep 27, 2015 | $5.00 |
| Oct 18, 2015 | $5.00 | Oct 7, 2015 | $5.00 |
| Oct 25, 2015 | $5.00 | Oct 7, 2015 | $5.00 |
| Nov 1, 2015 | $0.00 | ||
| Nov 8, 2015 | $0.50 | Nov 8, 2015 | $0.50 |
| Nov 15, 2015 | $0.50 | Nov 8, 2015 | $0.50 |
| Nov 22, 2015 | $0.50 | Dec 3, 2015 | $0.50 |
| Nov 29, 2015 | $0.50 | Dec 3, 2015 | $0.50 |
| Dec 6, 2015 | $0.50 | Dec 3, 2015 | $0.50 |
| Dec 13, 2015 | $0.50 | Dec 3, 2015 | $0.50 |
| Dec 20, 2015 | $0.50 | Dec 3, 2015 | $0.50 |
| Dec 27, 2015 | $0.50 | Jan 13, 2016 | $0.50 |
| Jan 3, 2016 | $0.50 | Jan 13, 2016 | $0.50 |
| Jan 10, 2016 | $0.50 | Jan 13, 2016 | $0.50 |
| Jan 17, 2016 | $0.50 | Jan 13, 2016 | $0.50 |
| Jan 24, 2016 | $0.50 | Jan 13, 2016 | $0.50 |
| Jan 31, 2016 | $0.50 | Jan 13, 2016 | $0.50 |
| Feb 7, 2016 | $0.50 | Jan 13, 2016 | $0.50 |
| Feb 14, 2016 | $0.50 | Jan 13, 2016 | $0.50 |
| Feb 21, 2016 | $0.50 | Jan 13, 2016 | $0.50 |
| Feb 28, 2016 | $0.00 | ||
| Mar 6, 2016 | $0.00 | ||
| Mar 13, 2016 | $0.00 | ||
| Mar 20, 2016 | $0.00 | ||
| Mar 27, 2016 | $0.00 | ||
| Apr 3, 2016 | $0.00 | ||
| Apr 10, 2016 | $0.00 | ||
| Apr 17, 2016 | $0.50 | ||
| Apr 24, 2016 | $0.50 | ||
| May 1, 2016 | $0.50 | ||
| May 8, 2016 | $0.50 | ||
| May 15, 2016 | $0.50 | ||
| May 22, 2016 | $0.50 | ||
| May 29, 2016 | $0.50 | ||
| Jun 5, 2016 | $0.50 | ||
| Jun 12, 2016 | $0.50 | ||
| Jun 19, 2016 | $0.50 | ||
| Jun 26, 2016 | $0.50 | ||
| Jul 3, 2016 | $0.50 | ||
| Jul 10, 2016 | $0.50 | ||
| Jul 17, 2016 | $0.50 | ||
| Jul 24, 2016 | $0.50 | ||
| Jul 31, 2016 | $0.50 | ||
| Aug 7, 2016 | $0.50 | ||
| Aug 14, 2016 | $0.50 | ||
| Aug 21, 2016 | $0.50 | ||
| Aug 28, 2016 | $0.50 | ||
| Sep 4, 2016 | $0.50 | ||
| Sep 11, 2016 | $0.50 | ||
| Sep 18, 2016 | $0.50 | ||
| Sep 25, 2016 | $0.50 | ||
| Oct 2, 2016 | $0.50 | ||
| Oct 9, 2016 | $0.50 | ||
| Oct 16, 2016 | $0.50 | ||
| Oct 23, 2016 | $0.50 | ||
| Oct 30, 2016 | $0.50 | ||
| Nov 6, 2016 | $0.50 | ||
| Nov 13, 2016 | $0.50 | ||
| Nov 20, 2016 | $0.50 | ||
| Nov 27, 2016 | $0.50 | ||
| Dec 4, 2016 | $0.50 | ||
| Dec 11, 2016 | $0.50 | ||
| Dec 18, 2016 | $0.50 | ||
| Dec 25, 2016 | $0.50 | ||
| Jan 1, 2017 | $0.50 | ||
| Jan 8, 2017 | $0.50 | ||
| Jan 15, 2017 | $0.50 | ||
| Jan 22, 2017 | $0.50 | ||
| Jan 29, 2017 | $0.50 | ||
| Feb 5, 2017 | $0.50 | ||
| Feb 12, 2017 | $0.50 | ||
| Feb 19, 2017 | $0.50 | ||
| Feb 26, 2017 | $0.50 | ||
| Mar 5, 2017 | $0.50 | ||
| Mar 12, 2017 | $0.50 | ||
| Mar 19, 2017 | $0.50 | ||
| Mar 26, 2017 | $0.50 | ||
| Apr 2, 2017 | $0.50 | ||
| Apr 9, 2017 | $0.50 | ||
| Apr 16, 2017 | $0.50 | ||
| Apr 23, 2017 | $0.50 | ||
| Apr 30, 2017 | $0.50 | ||
| May 7, 2017 | $0.50 | ||
| May 14, 2017 | $0.50 | ||
| May 21, 2017 | $0.50 | ||
| May 28, 2017 | $0.50 | ||
| Jun 4, 2017 | $0.50 | ||
| Jun 11, 2017 | $0.50 | ||
| Jun 18, 2017 | $0.50 | ||
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