Loan to buy new phones for my mobile phone shop
Simon
Tafo Kumasi, Ghana
7% repaid
Entrepreneur
Name
Simon
Member since
July 2016
On-time repayments
45 installments • 71%
About Me
My name is simon kwadwo, i live at Tafo-kumasi in the Ashanti region. I started my basic education at Tafo S.D.A basic primary school. When i completed my basic school, i contineou my secondary education at Accra Accadamy after completing my secondary education, i did not contineou my tertiary education so i started my own business by selling mobile phones in my society at Tafo. When i started this business it grown fast so i got a profit of about $200 a mount. Where i started the mobile phone shop with a capital of $350.
My Business
I sell mobile phones at Tafo in kumasi, my business go fast because i sell good quality phones like Samsungs, Nokia, LG phones and so many types of phones and anccesaries. The main raeson why i chose this business was that in my community there are no shop there where they sell mobile phones so i chose to do that kind of business and by God willing the business is growing fast because of it useful demand. I used some my profit for paying my utilities and investing some for future use. This is my second loan it will help me to buy new phones for my phone shop.
Loan Proposal
This is my second loan and it will help me to buy new phones which cost $30, $50, $70, $100, respectively. This will help me to get more profit to save some for future use. And it will also will help others in my community to get new types of phones to buy and use.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$266.00
Date disbursed
Oct 13, 2016
Repayment status
Late
Projected term
61 months
Other loans
Lenders
Australia
Jake Gibson and Beverly Picardo
San Francisco, United States
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