Loan to buy new sockets to avoid risk in my phones shop

Simon

Tafo Kumasi, Ghana

100% 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

I need this loan to buy new sockets to replace the old ones and each cost $2, $3 respectively. And also to buy new bulbs to replace the old ones and its also cost $7, they are four bulbs. It will help me to avoid risk of my shop through fire outbreak. After this i will buy new items to increase my business profit from $200 to $250.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$9.00

Date disbursed

Jul 22, 2016

Repayment status

On Time

Projected term

2 months

Other loans

Lenders

Melanie White

United States

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