Loan to add more mobile phone accessories to stock my shop
Eric
Nsawkaw, B/a-ghana, Ghana
25% repaid
Entrepreneur
Name
Eric
Member since
May 2015
On-time repayments
213 installments • 15%
About Me
Am Eric Asamoah , 35 years of age and a graduate of Bechem business collage, a good entrepreneur whose aim is to build my own business. All I do is the sales of mobile phones and accessories which I travel to one of cities here in Ghana to buy, I distribute to some individual shop owners within the town. But now however, my aim is to cross boarder to other districts in the Brong Ahafo Region of Ghana. I currently work at the district office of Social Development and Improvement Agency (SODIA) a local Non-Governmental Organization as assistant programme officer in the Tain district. I like selling and trading in general and as such selling of these products from about five years ago is what has kept me to this moment and seen me through my education. At the moment i have a shop where i sell these products, though very small it is my dream to see it grow. i have someone who is helping me out at the shop and paying him monthly.
I come from Kintampo in the Brong Ahafo region of Ghana and the first of eight children born to my parents. I however grew up in northern region of Ghana and specifically Tamale where I had all basic education, growing up from a large family like mine wasn't easy but through commitment and hardwork which was instilled in me by my father I never gave up but saw beyond the sky as my limit. I got introduced to a friend whose father was a mobile phones dealer who employed me to work at his shop and after some years I decided to establish my own business from the savings I had made from my pay and within a short period though there were challenges but the business grew and saw me through my tertiary education and has been since then.
I currently live in Nsawkaw which is located in the Tain district of the Brong Ahafo region. It is a very cosmopolitan community with people from different backgrounds. The major form of economic activity here is farming and trading.
My Business
I am in the sales of mobile phones and accessories, which people love to buy every day from my shop and this is generating a good profit for me and as such I want to expand my business and expand to other districts in the region and to also serve as an avenue to employ others who have no work to do. I currently have a shop at Nsawkaw where I have a shop attendant who is effectively working hard for me and as such my customers are really appreciative of my services.
I would be glad to get this loan to be able to get access to other districts in order to be able to fight the unemployment situation around here and also be able to make good profit so as to be able to pay back. I promise to execute and respect the rules and regulation of this noble
Loan Proposal
I thank lenders for helping me to raise my first loan to buy mobile phone accessories to stock my shop. The first loan has helped me a lot because customers gets what they want from my shop and that increased my income 30% to 80% at end of the three months period. 60% was reinvested into my business and the remaining 20% was used to take care of family basic needs. I wish to apply for a second loan to add more mobile phone accessories to stock my shop so that customers will get the quantities they always seek to buy from me.Below are the accessories I intend to buy with their respective cost in dollars,
Earphones $50.00
Phone batteries $98.00
Phone covers $50.00
Screen protectors $50.00
Phone chargers $53.00
The total cost will be $301.00. In return it will increase my customer and profit base. I promise to abide by all rules and regulations governing it when the loan is funded. Thank you.
Feedback
Positive
None
Neutral
None
Negative
None
Loan Info
Project Type
Classic Loan
Disbursed amount
$305.00
Date disbursed
Sep 30, 2015
Repayment status
Late
Projected term
46 months
Other loans
Lenders
Summary
Amount repaid
$75.00
Amount remaining
$220.75
Expected completion
Jul 28, 2019
Status
Repaying late
Installment amount
$1.25
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Oct 11, 2015 | $7.50 | Oct 10, 2015 | $7.50 |
| Oct 18, 2015 | $7.50 | Oct 15, 2015 | $7.50 |
| Oct 25, 2015 | $7.50 | Nov 9, 2015 | $7.50 |
| Nov 1, 2015 | $7.50 | Nov 9, 2015 | $7.50 |
| Nov 8, 2015 | $7.50 | Nov 9, 2015 | $7.50 |
| Nov 15, 2015 | $7.50 | Nov 9, 2015 | $7.50 |
| Nov 22, 2015 | $7.50 | Nov 15, 2015 | $7.50 |
| Nov 29, 2015 | $7.50 | Dec 3, 2015 | $7.50 |
| Dec 6, 2015 | $0.00 | ||
| Dec 13, 2015 | $0.00 | ||
| Dec 20, 2015 | $1.25 | Dec 19, 2015 | $1.25 |
| Dec 27, 2015 | $1.25 | Dec 19, 2015 | $1.25 |
| Jan 3, 2016 | $1.25 | Dec 19, 2015 | $1.25 |
| Jan 10, 2016 | $1.25 | Dec 19, 2015 | $1.25 |
| Jan 17, 2016 | $1.25 | Dec 19, 2015 | $1.25 |
| Jan 24, 2016 | $1.25 | Dec 19, 2015 | $1.25 |
| Jan 31, 2016 | $1.25 | Dec 19, 2015 | $1.25 |
| Feb 7, 2016 | $1.25 | Dec 19, 2015 | $1.25 |
| Feb 14, 2016 | $1.25 | Dec 19, 2015 | $1.25 |
| Feb 21, 2016 | $1.25 | Dec 19, 2015 | $1.25 |
| Feb 28, 2016 | $1.25 | Dec 19, 2015 | $1.25 |
| Mar 6, 2016 | $1.25 | Dec 19, 2015 | $1.25 |
| Mar 13, 2016 | $1.25 | ||
| Mar 20, 2016 | $1.25 | ||
| Mar 27, 2016 | $1.25 | ||
| Apr 3, 2016 | $1.25 | ||
| Apr 10, 2016 | $1.25 | ||
| Apr 17, 2016 | $1.25 | ||
| Apr 24, 2016 | $1.25 | ||
| May 1, 2016 | $1.25 | ||
| May 8, 2016 | $1.25 | ||
| May 15, 2016 | $1.25 | ||
| May 22, 2016 | $1.25 | ||
| May 29, 2016 | $1.25 | ||
| Jun 5, 2016 | $1.25 | ||
| Jun 12, 2016 | $1.25 | ||
| Jun 19, 2016 | $1.25 | ||
| Jun 26, 2016 | $1.25 | ||
| Jul 3, 2016 | $1.25 | ||
| Jul 10, 2016 | $1.25 | ||
| Jul 17, 2016 | $1.25 | ||
| Jul 24, 2016 | $1.25 | ||
| Jul 31, 2016 | $1.25 | ||
| Aug 7, 2016 | $1.25 | ||
| Aug 14, 2016 | $1.25 | ||
| Aug 21, 2016 | $1.25 | ||
| Aug 28, 2016 | $1.25 | ||
| Sep 4, 2016 | $1.25 | ||
| Sep 11, 2016 | $1.25 | ||
| Sep 18, 2016 | $1.25 | ||
| Sep 25, 2016 | $1.25 | ||
| Oct 2, 2016 | $1.25 | ||
| Oct 9, 2016 | $1.25 | ||
| Oct 16, 2016 | $1.25 | ||
| Oct 23, 2016 | $1.25 | ||
| Oct 30, 2016 | $1.25 | ||
| Nov 6, 2016 | $1.25 | ||
| Nov 13, 2016 | $1.25 | ||
| Nov 20, 2016 | $1.25 | ||
| Nov 27, 2016 | $1.25 | ||
| Dec 4, 2016 | $1.25 | ||
| Dec 11, 2016 | $1.25 | ||
| Dec 18, 2016 | $1.25 | ||
| Dec 25, 2016 | $1.25 | ||
| Jan 1, 2017 | $1.25 | ||
| Jan 8, 2017 | $1.25 | ||
| Jan 15, 2017 | $1.25 | ||
| Jan 22, 2017 | $1.25 | ||
| Jan 29, 2017 | $1.25 | ||
| Feb 5, 2017 | $1.25 | ||
| Feb 12, 2017 | $1.25 | ||
| Feb 19, 2017 | $1.25 | ||
| Feb 26, 2017 | $1.25 | ||
| Mar 5, 2017 | $1.25 | ||
| Mar 12, 2017 | $1.25 | ||
| Mar 19, 2017 | $1.25 | ||
| Mar 26, 2017 | $1.25 | ||
| Apr 2, 2017 | $1.25 | ||
| Apr 9, 2017 | $1.25 | ||
| Apr 16, 2017 | $1.25 | ||
| Apr 23, 2017 | $1.25 | ||
| Apr 30, 2017 | $1.25 | ||
| May 7, 2017 | $1.25 | ||
| May 14, 2017 | $1.25 | ||
| May 21, 2017 | $1.25 | ||
| May 28, 2017 | $1.25 | ||
| Jun 4, 2017 | $1.25 | ||
| Jun 11, 2017 | $1.25 | ||
| Jun 18, 2017 | $1.25 | ||
| Jun 25, 2017 | $1.25 | ||
| Jul 2, 2017 | $1.25 | ||
| Jul 9, 2017 | $1.25 | ||
| Jul 16, 2017 | $1.25 | ||
| Jul 23, 2017 | $1.25 | ||
| Jul 30, 2017 | $1.25 | ||
| Aug 6, 2017 | $1.25 | ||
| Aug 13, 2017 | $1.25 | ||
| Aug 20, 2017 | $1.25 | ||
| Aug 27, 2017 | $1.25 | ||
| Sep 3, 2017 | $1.25 | ||
| Sep 10, 2017 | $1.25 | ||
| Sep 17, 2017 | $1.25 | ||
| Sep 24, 2017 | $1.25 | ||
| Oct 1, 2017 | $1.25 | ||
| Oct 8, 2017 | $1.25 | ||
| Oct 15, 2017 | $1.25 | ||
| Oct 22, 2017 | $1.25 | ||
| Oct 29, 2017 | $1.25 | ||
| Nov 5, 2017 | $1.25 | ||
| Nov 12, 2017 | $1.25 | ||
| Nov 19, 2017 | $1.25 | ||
| Nov 26, 2017 | $1.25 | ||
| Dec 3, 2017 | $1.25 | ||
| Dec 10, 2017 | $1.25 | ||
| Dec 17, 2017 | $1.25 | ||
| Dec 24, 2017 | $1.25 | ||
| Dec 31, 2017 | $1.25 | ||
| Jan 7, 2018 | $1.25 | ||
| Jan 14, 2018 | $1.25 | ||
| Jan 21, 2018 | $1.25 | ||
| Jan 28, 2018 | $1.25 | ||
| Feb 4, 2018 | $1.25 | ||
| Feb 11, 2018 | $1.25 | ||
| Feb 18, 2018 | $1.25 | ||
| Feb 25, 2018 | $1.25 | ||
| Mar 4, 2018 | $1.25 | ||
| Mar 11, 2018 | $1.25 | ||
| Mar 18, 2018 | $1.25 | ||
| Mar 25, 2018 | $1.25 | ||
| Apr 1, 2018 | $1.25 | ||
| Apr 8, 2018 | $1.25 | ||
| Apr 15, 2018 | $1.25 | ||
| Apr 22, 2018 | $1.25 | ||
| Apr 29, 2018 | $1.25 | ||
| May 6, 2018 | $1.25 | ||
| May 13, 2018 | $1.25 | ||
| May 20, 2018 | $1.25 | ||
| May 27, 2018 | $1.25 | ||
| Jun 3, 2018 | $1.25 | ||
| Jun 10, 2018 | $1.25 | ||
| Jun 17, 2018 | $1.25 | ||
| Jun 24, 2018 | $1.25 | ||
| Jul 1, 2018 | $1.25 | ||
| Jul 8, 2018 | $1.25 | ||
| Jul 15, 2018 | $1.25 | ||
| Jul 22, 2018 | $1.25 | ||
| Jul 29, 2018 | $1.25 | ||
| Aug 5, 2018 | $1.25 | ||
| Aug 12, 2018 | $1.25 | ||
| Aug 19, 2018 | $1.25 | ||
| Aug 26, 2018 | $1.25 | ||
| Sep 2, 2018 | $1.25 | ||
| Sep 9, 2018 | $1.25 | ||
| Sep 16, 2018 | $1.25 | ||
| Sep 23, 2018 | $1.25 | ||
| Sep 30, 2018 | $1.25 | ||
| Oct 7, 2018 | $1.25 | ||
| Oct 14, 2018 | $1.25 | ||
| Oct 21, 2018 | $1.25 | ||
| Oct 28, 2018 | $1.25 | ||
| Nov 4, 2018 | $1.25 | ||
| Nov 11, 2018 | $1.25 | ||
| Nov 18, 2018 | $1.25 | ||
| Nov 25, 2018 | $1.25 | ||
| Dec 2, 2018 | $1.25 | ||
| Dec 9, 2018 | $1.25 | ||
| Dec 16, 2018 | $1.25 | ||
| Dec 23, 2018 | $1.25 | ||
| Dec 30, 2018 | $1.25 | ||
| Jan 6, 2019 | $1.25 | ||
| Jan 13, 2019 | $1.25 | ||
| Jan 20, 2019 | $1.25 | ||
| Jan 27, 2019 | $1.25 | ||
| Feb 3, 2019 | $1.25 | ||
| Feb 10, 2019 | $1.25 | ||
| Feb 17, 2019 | $1.25 | ||
| Feb 24, 2019 | $1.25 | ||
| Mar 3, 2019 | $1.25 | ||
| Mar 10, 2019 | $1.25 | ||
| Mar 17, 2019 | $1.25 | ||
| Mar 24, 2019 | $1.25 | ||
| Mar 31, 2019 | $1.25 | ||
| Apr 7, 2019 | $1.25 | ||
| Apr 14, 2019 | $1.25 | ||
| Apr 21, 2019 | $1.25 | ||
| Apr 28, 2019 | $1.25 | ||
| May 5, 2019 | $1.25 | ||
| May 12, 2019 | $1.25 | ||
| May 19, 2019 | $1.25 | ||
| May 26, 2019 | $1.25 | ||
| Jun 2, 2019 | $1.25 | ||
| Jun 9, 2019 | $1.25 | ||
| Jun 16, 2019 | $1.25 | ||
| Jun 23, 2019 | $1.25 | ||
| Jun 30, 2019 | $1.25 | ||
| Jul 7, 2019 | $1.25 | ||
| Jul 14, 2019 | $1.25 | ||
| Jul 21, 2019 | $1.25 | ||
| Jul 28, 2019 | $0.75 | ||
Ask Eric a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.