Simon
Tafo Kumasi, Ghana
100% repaid
Name
Simon
Member since
July 2016
On-time repayments
45 installments • 71%
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.
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.
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.
Positive
None
Neutral
None
Negative
None
Project Type
Classic Loan
Disbursed amount
$9.00
Date disbursed
Jul 22, 2016
Repayment status
On Time
Projected term
2 months
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