To expand working capital for my mobile money business

Charles

Takoradi, Ghana

100% repaid

Entrepreneur

Name

Charles

Member since

March 2021

On-time repayments

13 installments  •  54%

About Me

I am Charles Afrifa. I am from Agona Nyankrom in the central part of Ghana. Currently I base in Prestea in the western region of Ghana where I am operating my startup business. In our part of the world, Africa due to capital constraints setting up of a business is not easy. However when I started small back in 2015 family and friends support me as the saying goes "God help those who help themselves. I still need to expand my working capital in other to serve my customers very well hence resorting to I did have when my good friend recommended it to me. Thanks in advance for helping the needy.

My Business

I operate Mobilemoney business and selling of phone accessories. This I started in 2015 from my little saving during school days. Mobilemoney is a good business in Ghana especially in our rural areas due to the barrier the service seeks to bridge in the bank system. This banking the unbanked. Income from the Mobilemoney and accessories is around 50-80gh on average. Occasional income is 150-200gh on market days.

Loan Proposal

Loan will be used to get more supplies for my working capital. Also expand my Mobilemoney working capital. This help to me to serve all my client who come to my office. Expanding the working capital will ensure increase in profit.

Income Source

Multi stream of income will help me be able to repay in time of risk in current economy. Phone accessories and mtn Mobilemoney, Vodafone cash, airtelTigo.

My Videos

Apr 11, 2021: Loan to help expand my working capital

Feedback

1

None

1

  • Jari    Jul 16, 2021

    payments late

    Log in to reply • Share
  • Benvenuto    Jun 6, 2021

    Charles runs a great business which really helps the people in his community. He is a great partner and he pays his loans on time, often ahead of schedule. My pleasure to lend to him again.

    Log in to reply • Share


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Loan Info

Project Type

Classic Loan

Disbursed amount

$68.00

Date disbursed

Apr 29, 2021

Repayment status

On Time

Projected term

1 week

Lenders

T

Tallago3

Munich, Germany

A

Anonymous

United States

JI

James Innes

United Kingdom

A

Anonymous

United States

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