Loan for my mobile money business

Janet Baafi

Techiman, Ghana

100% repaid

Entrepreneur

Name

Janet Baafi

Location

Techiman, Ghana

On-time repayments

4 weekly installments  •  75%

About Me

Janet Baafi is my name and my father is a pastor at the church I attend, I am also the choir leader of my church. I have completed SHS but due to an accident I couldn't further my education to the tertiary level which didn't let my dream of becoming a lawyer materialize, due to that I borrowed from my father to start my own business.

My Business

I am a mobile money vendor and I also sell scratch cards in our community. I realised that there was none in our community so I decided to set up that business which has really helped me by helping my father to support my younger sister's education. I incur a cost of GHS 3000 in my operation with a revenue of GHS 4500

Loan Proposal

i run a mobile money business and i need this loan as additional capital to business my day to day business which i believe it will add another income to my profit.

Income Source

i can make payment since my business is less risky and in case of any risk i will pay back the loan from the profit i make from my other business.

Feedback

None

None

None

Loan Info

Project Type

Classic Loan

Disbursed amount

$35.63

Date disbursed

Apr 29, 2021

Repayment status

On Time

Projected term

1 week

Cost to entrepreneur

Service fee: 5% of $35.63 = $1.66

Credit risk payment: $4.33

Optional expediting fee: $4.99

Lenders

A

Anonymous

United States

Babbitt Family Foundation

Sioux Falls, SD, United States

Kurtis Miller

Kelowna, BC, Canada

W

wisdom2080

Fullerton, United States

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