Loan to help maintain supply of mobile services to customers

Monica

Accra, Ghana

Funds disbursed

$0 to go

100% funded of $925 goal

0

days left

Entrepreneur

Name

Monica

Member since

December 2014

On-time repayments

151 installments  •  78%

About Me

I was previlage to have basic education through to the secondary level which I completed in may 2004,
I travel to the city where I got employed as a sales girl in mobile recharge cards.
it was here that I got the idea of starting something of my own because the income i get as a worker was not enough for me ,so I bought the shop I worked in when my employer put it on sale with the little I saved; maintaining my customers.
though i am now into a full time self employed in the telephony sector as a retailer in recharge card, i have the dream of one day taking distance course in business administration to better myself, my childhood dream i will accomplish one day.
I see this as a step closer to that dream with a stable financial backings.

My Business

My stay in business for the past year is good after the initial battle with keeping customers and staying in business.
The sale of recharge cards is fast moving venture with a low profit margin hence requires much attention and time and these cards are used by almost everybody on daily basis hence the assurance to your regaining of capital invested worst being breakeven.
This has prompt me to adding the sale of phone accessories which they (customers) ask of many a time.
I have a kid and a brother at the basic and secondary education sector respectively who depend on this recharge business.
Its a great relief to hear of this online lending and i hope to a brighter business with this opportunity.
hope this loan too is funded on time to cushion me to my dreams.

Loan Proposal

i will use about 50%of this loan to help in the running of the supply of phone credit cards as i have with other loan to help maintain my customers.
Mobile money is one of the booming business which is related to what i deal with and as such 50% of this loan will i channel into providing this essential service to my clients.
for the past years , this venture have held on to the principle of maintaining all its profits in the business for it to attain a status where the network providers in the country will recognize it as one their key vending points where their recharge cards are sold.so as to cancel the actions of middlemen.
this loan is of a major step towards that dream i wish shareholders and lenders on this platform will come to the aid of this venture once more.
Dear Lenders, i appeal to your regular support for this business as it would not have come this far without support and i look forward to have you as shareholder.
thanks for helping.

Feedback

4

None

None



Loading...

Loan Info

Project Type

Classic Loan

Disbursed amount

$925.00

Date disbursed

Jun 13, 2018

Repayment status

Late

Projected term

3 months

Lenders

Cloudways

Malta, Malta

mikeice

Kohler, United States

Isabella

UK, United Kingdom

A

Andrei

United States

Paul Buchheit

Mountain View, United States

Adrian

Liverpool, United Kingdom

Ask Monica a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.

Please log in to comment.

  • Timothy    Jul 15, 2018

    Monica said, she had some accident and now at home not working,she hope to recover and pay all the upstanding debt,thank you

    Log in to reply • Share
  • Monica    Jun 11, 2018

    When I thought of quitting, I remembered why I started.
    This is so far the hardest loan I have ever applied for on this platform. Thanks to Miss Isabella and all loyal Lenders who light up many businesses that are in same spate as mine. Gracias!!
    This money has been arranged to pay for Mobile credit and mobile money services on equal halves to help maintain customers demanding either services.
    This money will increase my capital base as I serve clients with ease of products available on demand.

    Log in to reply • Share
  • Isabella    Jun 10, 2018

    I hope that you get this loan, Monica, because you have a very good record.

    Log in to reply • Share
  • Isabella    May 28, 2018

    Good luck in the next stage, Monica! Thanks again for the previous repayments.

    Log in to reply • Share
    • Monica    May 28, 2018

      That's all i can do to appreciate your effort for my business. Thank you Miss Isabella for the keen interest in the progress of my business, great to have your backing my dear.

      Log in to reply • Share
  • Monica    Dec 8, 2017

    dear lenders,
    all too soon i am here again to inform you of the success of the amount your contributed toward this business.
    i have gained a better footings and now have a good share of customer base all because of consistence supply of which this loan is vital.
    thank you for being part of this new change to the business.

    Log in to reply • Share
  • Monica    Apr 23, 2017

    dear lenders,
    i am once more grateful to you for your patience while i invested your capital into my business and recouped it back.
    this loan is now a vital component of my business and i am glad to have you a shareholders.
    i am happy to provide for the wants of customers. Even if for any reason i will be off work, customers who can will buy in excess just to make up for the day i will be absent.
    thank you for the immeasurable help and support you have lend to me .
    may the Heavens reward your efforts.

    Log in to reply • Share
  • Monica    Dec 4, 2016

    I would love to inform my lenders that I received their contributions towards my business and have used this to stock my business with chargeable phone cards and the NEW products.. internet recharge cards .
    this loan has set me steps ahead of competitors around and will yield high turnovers and daily transaction.
    my success story will not go complete without making reference to my valued shareholders. ... Thanks for being part.

    Log in to reply • Share
  • Monica    Nov 20, 2016

    Congratulations to my Lenders/shareholders for helping raise yhis loan again.
    I will use this loan strictly according to as stated in the proposal.
    This will help me be in business as you have always desire to help people like me.
    Thank you once more for featuring in my business and my live.
    I will update you on the business performance .

    Log in to reply • Share
  • Monica    Nov 14, 2016

    Thank you Lenders;
    You have greatly contributed to my business, life and wellbeing.
    The loan you gave in support of my sale of phone cards is now on a good footing and not only myself but whole lot of customers benefit from it.
    My shop is now a recognise place from where many come to buy either on whole sale or retail basis.
    I also enjoy some purchase discounts from bulk dealers.
    The returns on this capital pays for fees for my little girl and kid sister and my entire life depends on this business which you are a valuable shareholder.
    I can't express my thanks and appreciation all in words but I end by saying GOD BLESS YOU for your contributions.

    Log in to reply • Share
  • Monica    Oct 11, 2016

    i wish to inform my lenders that their loan contribution which i am privilege to be the manager is well on coarse to helping the purpose for which it was raised. i have now recoup a profit and have decided to invest this into mobile banking i.e mobile money . this is also a promising venture that will augment my stay in the sale of phone recharge cards and other internet vouchers.
    thank you your believing in my business and for your contribution.

    Log in to reply • Share
  • Monica    May 19, 2016

    Dear lenders;
    I'm most grateful for helping raised this loan.
    I've received. and invested this into my sale of phone recharge cards make available to my customers all their needs as I also satisfy my famiy's needs from the proceeds.
    I at once get all my orders from my suppliers and enjoy bulk purchase discounts.
    thank you for helping through this loan.

    Log in to reply • Share
  • Monica    Apr 27, 2016

    Dear Lenders,
    i feel great to have been able to repay my loan to honor your contribution to my business. with this loan i was able to increase my stock base on the sale all kinds of recharge cards of the telecommunication networks operating in Ghana.
    this has added new customers who come to me on daily bases for their needs..
    thank you for that opportunity given me and giving my business a lift to a new height.
    Let me also add that the loan had serve as the life-line to my Daughter and sister who are still in school and dependent on my business.
    But for your contribution , business is booming and that is because you helped.

    Log in to reply • Share
  • Monica    Dec 15, 2015

    there was a n error with the notifications on my repayments, i have to do this until it is resolve.
    i will be on tract as soon as this is rectified

    Log in to reply • Share
  • Isabella    Sep 25, 2015

    Also, a photo of Alice if she is willing? I have a little granddaughter called Alice but she is only three years old. I love your colourful dress in some of the photos. Isabella x

    Log in to reply • Share
    • Monica    Oct 2, 2015

      Dear Isabella,
      I am very impressed with your post to me, it makes me feel proud to be part of this team for not only economic purpose but also to meet acquaintances.
      The smile on my face as well as that of my family is nothing different from the good health of my business as it has the needed capital and customers it wants.
      It is a welcome idea if you wish to see my family, and they both are willing to send you their photograph .

      Log in to reply • Share
  • Isabella    Sep 25, 2015

    Hello Monica! Thank you for your repayments so far. I hope your business is going well? I'd love to see a photo of your little daughter some time. Best wishes, Isabella

    Log in to reply • Share
  • Monica    Aug 25, 2015

    I'm happy.to tell my lenders that I have 2900GHS as a result of their contribution in bid of my loan.
    this I have invested 90% into my business where I have increase my stock base to supplying my customers and the rest I have used to pay for my sister`s fees and that of my little daughter.
    this loan actually came at a time I needed it most and its all because you really are a friend, sister/brother , or someone I can count in in times like this.

    thanks t

    Log in to reply • Share
  • Monica    Aug 20, 2015

    as done previously, I will fully invest this loan into buying of more recharge cards for retail.
    this will help me keep my position in business as well as raise my margin of profit to sustain my family
    I very grateful to everyone ; especially you for helping in my business.

    Log in to reply • Share
  • Monica    Aug 11, 2015

    I'm very glad I'm part of this organisation.
    I will say my business now depends of this organization for its operations.
    With the loan I got, I now buy phone credit cards in bulk and retail it to customers.
    Through this business,my family now depends on it for survival.
    Your contrition to my business is not only geared toward that, but my little kid and sister who are in school.
    Thank you lenders for your help.

    Log in to reply • Share
  • Monica    Jun 10, 2015

    as i planed i want to keep all profit in the business as possible and as a result of some ease in my expenses on my little sister who is now on vacation, i think it is best i settle bit of my debt before school resumes.

    Log in to reply • Share
  • Monica    Apr 15, 2015

    With the loan ,there has been an increase my purchase of stock to serve my customers and as such raising my profit.
    The best way to show my appreciation is to let my lenders know of this and repay on time for others to also get their loans funded.
    Thanks to all lenders for helping young entrepuers like myself.

    Log in to reply • Share


Loading...

Loading...

Loading...