Loan to buy scratch cards for resale and mobile money
Janet
Techiman, Ghana
100% repaid
Entrepreneur
Name
Janet
Member since
March 2021
On-time repayments
4 installments • 75%
About Me
Janet Baafi is my name and my father is a pastor at the church I attend, I am also the choir leader of my church. I have completed SHS but due to an accident I couldn't further my education to the tertiary level which didn't let my dream of becoming a lawyer materialize, due to that I borrowed from my father to start my own business.
My Business
I am a mobile money vendor and I also sell scratch cards in our community. I realised that there was none in our community so I decided to set up that business which has really helped me by helping my father to support my younger sister's education. I incur a cost of GHS 3000 in my operation with a revenue of GHS 4500
Loan Proposal
I will buy scratch card from the telecommunications company for resale with the loan. this will help me expand my business to increase my profit to sponsor little sister's education and expand my business as well.
Income Source
I am the only scratch card and mobile money vendor in my community so everyone in the community buy from me whenever they need my services so it is not easy for me to run at loss but in case of any risk I will repay with profit from my other business.
Feedback
Positive
None
Neutral
None
Negative
None
Loan Info
Project Type
Classic Loan
Disbursed amount
$22.00
Date disbursed
Apr 16, 2021
Repayment status
On Time
Projected term
1 week
Other loans
Lenders
Australia
United States
Ask Janet a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.