Loan needed for business expansion

Adu

Kwadaso, Ghana

8% repaid

Entrepreneur

Name

Adu

Member since

June 2016

On-time repayments

32 installments  •  63%

About Me

Adu Micheal is my name was a born 21 Nov., 1981, l went to Kwadaso primary and JSS
I overcame my fear of financial insecurity when l set up my shop in Kumasi dealing in mobile phones and accessories, this happened because the company i used to work for always threat to limit the work force.
The unique and beautiful part of where am from is that we are people that work hard to accomplish our dreams and ensure our families are well settled, also a christian nation whose core values are based on the rule of law and human rights a very open and enabling economy.
I am a father of one beautiful brilliant girl,she drives me crazy sometimes but love her too much,she wants to grow to be a medical doctor.
I love to keep our environment tidy at my free periods.

My Business

I operate a mobile shop.I also sell mobile accessories in Kwadaso.I sell all kinds of mobile phones from samsung,Itel,Techno,Nokia and many more.Accessories are covers,mobile batteries,chargers,modems,housings.I also repair mobile phones for my customers.Mobile phones assist in quick and fast communication.W are living in the digital age where people communicate on line through whatsapp,twitter,facebook.Its amazing the kind of things mobile phones can do nowadays especially the smart phones.I did a survey and realized that the demand for this kind of business was huge.So i went into it with a passion and today i have no regrets.My costs in week are on average $450 and my revenues are $60a week ..I use profits to pay for my rent where i live with my two brothers who have just completed the university.I buy food items and pay for my brothers up keep when they were in the university.I sponsor medicare of my grandparents who are elderly.

Loan Proposal

The benefit created by the provision of this service for my kiosk and the customer is that for me it increases what my business is able to provide in terms of service to the customers and advertises the kiosk that aside from providing the mobile phones and accessories we also offer utility services.

For the customer and others it provides a convenient place for them to acquire both service for their phones and also utility in one place this is for the everyday busy worker that does not have the time to walk to the shopping mall or utility provide it saves them time and the walk to the mall.

in the first month i expect my profit to be between $250 - $300 dollars depending on the in flow of customers.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$200.00

Date disbursed

Jun 28, 2016

Repayment status

Late

Projected term

65 months

Lenders

Craig Newmark

United States

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