Loan to expand my phone business

Hannah

Kukuom, Ghana

100% repaid

Entrepreneur

Name

Hannah

Member since

November 2016

On-time repayments

106 installments  •  76%

About Me

Hannah Ama Kwaw is my name. I am a woman of braveness and married with four children. I entered into marriage at the age of 14 years because I was forced into. My husband died some few years later leaving behind four children under my care. Initially, I was just a house wife until the incidence occured. Relatives aided me in raising my wards. After some times, i established my business.

My Business

This mobile phone shop of mine is located at the center of the town. Commuters patronize my products at their own convenient time. For instance, at market days people visit and purchase their cell products of their choice. I went into phone selling after i had graduated from the universityand business had been goog since then.

Loan Proposal

In our part of the world,Africa and for that matter Ghana to be specific, it is tedious to get credit from banks as a results of the exorbitants interest rate associated with it.One business which has got good returns at my place of abode selling of cell phone. Because i am living in a predominant farming community, farmers communicate with their family members living outside the community through phones. More interestingly, in Ghana , the government has rolled out a program where extension officers will reach out to farmers through mobile phones to educate them on modern farming techniques of farming to increase yield. Because of this development, the people actually purchase the product.The requested amount is for purchasing the phones in large quantities and sell to the inhabitants of the community. The details are as follows
price of the phones = $170
Transportation=$20. After sales , the devidence from it will make me feel more confortable and ultimately lead to improvement in my live.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$262.00

Date disbursed

Apr 4, 2017

Repayment status

On Time

Projected term

53 months

Lenders

Paul Buchheit

Mountain View, United States

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