Loan for business expansion

Samuel

Accra, Ghana

100% repaid

Entrepreneur

Name

Samuel

Member since

November 2020

On-time repayments

19 installments  •  37%

About Me

I am an entrepreneur by name Samuel. I traded in merchandise products like wholesale and retail of telecom scratch cards, mobile money and also into barbering service as well.
I have been in business over five years, and with three different branches as well in different locations.
Am aiming to become a dealer in the telecom scratch cards in order to take the entire markets by supplying all wholesalers and retailers within my community. This will bring about business expansion, create more employment and maximize profit as well.
I need to raise about 100,000gh to become a dealer but currently have not less than 50,000gh.
Am now seeking for loan not more than 50,000gh to add to my capital in order to forward my application.
Some of the money will be ejected into the mobile money and barbering saloon as well to always satisfy our customers and provide them quality services.
I can assure you that, the telecom scratch cards, mobile money and barbering saloon have high patronage because scratch cards and mobile money are necessities and we cannot live without them.
This is an assurance that, profit is a must if all other things being equal.

My Business

I deal in wholesale and retail of telecom scratch cards, mobile money services and barbering saloon.
Source of income is self finance.

Loan Proposal

This loan will be use to increase stock in the business to prevent shortages especially during holidays. This will help meet every customer demand and satisfaction. Customers feel comfortable anytime they get what they want from you.

Income Source

I do not focus on only one source of income because of risk. As a result, I have other investments that provide me with income so in case of any difficulties in settling my loan from business source, I hope my investments will be an alternative

My Videos

Jan 7, 2021: Business expectations from zidisha

Feb 7, 2021: How zidisha has helped my business

Feedback

None

None

None

Loan Info

Project Type

Classic Loan

Disbursed amount

$444.00

Date disbursed

Jan 9, 2021

Repayment status

On Time

Projected term

4 weeks

Lenders

AltruisticSelfishnes

Chicago, United States

Kjartan

Oslo, Norway

G

glomardor

Leonardtown, United States

B

bscent

Hong Kong

Dave Bogard

New York, United States

Robert

Sweden

R

Rembrandt

United Kingdom

Aran Dunlop

United States

Paul Smithson

Leeds, United Kingdom

CN

Craig Newmark

United States

DY

David Yang

Vancouver, Canada

KM

Karen Marshall

Alice Springs, Australia

MD

Mark Dunphy

United States

JD

Jill Dempsey

United States

D

Dan

Australia

MC

Mike Cormack

Vancouver, Canada

Utahna

United States

A

Anonymous

United States

SF

Snow Family

United States

CB

Caden Belcher

United States

Ask Samuel a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.

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  • Collins    Apr 16, 2021

    Samuel said he was not feeling well but he said he will repay his loan back soon

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  • Collins    Mar 10, 2021

    I have tried calling Samuel and his reference, but no one is picking my calls,please try and adjust your instalment if you are facing difficulties

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  • Samuel    Feb 9, 2021

    Thank all lenders for funding the loan 2300 after charges which I received on the 7th of February, 2021. I will use this loan to increase stock

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  • Samuel    Feb 7, 2021

    Thanks very much for the loan, this will help me increase stock and renovate my shop as well

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  • Samuel    Feb 7, 2021

    I appreciate all my lenders for their trust and good work. The money was used to increase stock which improve sales margin, hence profit was made.

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  • Samuel    Feb 6, 2021

    I used the loan to buy stocks and it has a little effect on profit margin which is something positive for me.

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  • Samuel    Jan 12, 2021

    I thank all my lenders for their help and trust. Have ordered for stocks of rechargeable cards and yet to received them because MTN cards are scarce now. I received 1913gh after charges. Hoping more lenders will be willing to come on to fund my application.

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  • Samuel    Jan 8, 2021

    Thank you very much for your trust and I hope God will not let me disappoint you but will surely help me to fund the loan.
    I will use this fund to increase my stock to meet customers demand and satisfaction since that's my main priority as an entrepreneur. Anytime customers fail to get what they want, meaning they have run away with my money.

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  • Samuel    Jan 7, 2021

    A big thank you to my lenders for the trust and support ever since I join this community. Am also grateful for how quickly they fund my loan and am hoping to continue keep good records to attract more lenders.
    For all the loans have been funded with has been added to stock. Customer service is our hallmark, so their satisfaction is key to me.
    When funded with this I will still increase stock until I overcome shortages and meet customers demand.

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  • Samuel    Dec 29, 2020

    Thanks very much for the loan I just received. The money has been added to stock and hoping business will start booming since customers satisfaction will be met.

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  • Samuel    Dec 29, 2020

    Thanks very much and I really appreciate your efforts and trust.
    This money will be added to stock to meet customers demand.

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  • Samuel    Dec 27, 2020

    I am very grateful to all my lenders and also to zidisha for this great opportunity and for the trust.
    Although I needed a huge fund and with the little that I was given have sustained me in little things I need to do within the business. I used the previous loans in increasing stock and am hoping to have more access to funds to expand the business

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  • Samuel    Dec 21, 2020

    Have successfully received the loan and have added to stock.
    Thanks very much

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  • Samuel    Dec 15, 2020

    Thanks very for funding this loan and also for the trust. I promise to abide by the terms and conditions.

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