Expand working capital for 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 serve customers cash in and cash out. Part will be used to boost the phone accessories business to ensure regular daily sales. The aim is to achieve my daily sale so as to be able to pay my Loan. In the future I want to add Design and print work because I am a graphic designer. I believe with this the future is bright when my credit limit increase.
Income Source
Multiple stream nature of my business will do the magic I'm case of inconveniences. Managing money transfer services and accessories together with phone accessories will ensure regular profit which will help me to repay my Loan as scheduled. It will be even be easier in the future with my aim of adding design and print work using my graphic design skills.
My Videos
Apr 11, 2021: Loan to help expand my working capital
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Loan Info
Project Type
Classic Loan
Disbursed amount
$371.00
Date disbursed
Jun 24, 2021
Repayment status
Late
Projected term
6 weeks
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Summary
Amount repaid
$371.06
Amount remaining
$0.00
Date repaid
Sep 17, 2022
Status
Fully repaid
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Jul 4, 2021 | $92.76 | Jul 10, 2021 | $17.67 |
| Sep 14, 2022 | $26.15 | ||
| Sep 17, 2022 | $48.94 | ||
| Jul 11, 2021 | $92.76 | Sep 17, 2022 | $92.76 |
| Jul 18, 2021 | $92.76 | Sep 17, 2022 | $92.76 |
| Jul 25, 2021 | $26.15 | Sep 17, 2022 | $26.15 |
| Aug 1, 2021 | $26.15 | Sep 17, 2022 | $26.15 |
| Aug 8, 2021 | $40.46 | Sep 17, 2022 | $40.46 |
Jari Jul 16, 2021
Benvenuto Jun 6, 2021
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