To expand working capital for my mobile money business

Charles

Takoradi, Ghana

100% repaid

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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

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1

  • J

    Jari    Jul 16, 2021

    payments late

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  • 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.

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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

Other loans

Apr 2021:  $12

Apr 2021:  $37

May 2021:  $240

Jun 2021:  $371

Lenders

T

Tallago3

Munich, Germany

A

Anonymous

United States

GP

Gino Polverari

United States

JI

James Innes

United Kingdom

A

Anonymous

United States

A

Anonymous

Denmark

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  • Charles    Sep 14, 2022

    Business is bad hence need to adjust repayment to continue payment. Am worried

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  • Charles    Jul 3, 2021

    1470 Ghs received . using it to expand my working capital. Thank you and God bless you abundantly.

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  • Charles    Jun 19, 2021

    Expand my mobile money capital and also accessories business.

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  • M

    Margaret    Jun 10, 2021

    Good luck Charles with your new loan.

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  • Charles    Jun 6, 2021

    This loan really help me to serve my customers well because cash in and cash out was always available. Now they are happy. The unbanked are appreciating the need to save in bank gradually.

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  • Charles    Jun 5, 2021

    The loan helped me to expand my working capital to serve customers cash in and cash out and then also stock my phone accessories. This is so much and may God bless all my lenders

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  • Charles    May 11, 2021

    Received 1093 GHS. Will use to buy more phone accessories to expand my business. Thank you and God bless you.

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  • Charles    May 6, 2021

    Thanks so much my able lender. His loan will increase my working capital to I can serve all my clients. Thanks so much and God bless you work. Amen

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  • Benvenuto    May 5, 2021

    I believe the work you are doing, helping the unbanked in rural areas, is noble work. I hope this loan helps you continue to help others. Best of luck my friend.

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  • Charles    May 2, 2021

    This loan helped me achieve massive push in my business. Increase in my working capital ensured increase in profit. Am much grateful for your support. Thanks for your cooperation. Honesty is my motto.

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  • Charles    Apr 29, 2021

    GHc 332 received. It was immediately used to purchase goods to expand my working capital. I thank m lenders for the love.

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  • Charles    Apr 17, 2021

    Now accessories to expand my business,

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  • Charles    Apr 17, 2021

    The loan helped me to buy more phone accessories for selling hence increasing my profit base.

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  • Charles    Apr 15, 2021

    I received GHc 151. This will go a long way to help expand my working capital. Thank and God richly bless you for lending to me.

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  • Charles    Apr 14, 2021

    Am increasing my working capital so as to serve more clients in my Mobilemoney business. Thank you all for lending to me.

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  • Charles    Apr 6, 2021

    I received 59 cedis and have used to purchase more phone covers for my accessories business. God bless you for lending to me the money.

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