Loan to increase the number of phone chargers to sell
Mamadou
Accra, Ghana
$0 to go
100% funded of $278 goal
0
days left
Entrepreneur
Name
Mamadou
Member since
May 2017
On-time repayments
125 installments • 15%
About Me
My story is a little complex because I experienced moments of joy but also difficult moments. I was raised by my grandmother in conditions of poverty. To make me happy, my grandmother was selling just fruits in front of the house where we lived and I continued my school. We were happy and the other members of the family often visited us. One day my grandmother going out of the toilet felt a discomfort and this is the beginning of an illness that will last a long time. Faced with this situation, she could not go out to sell the fruit and it is at this moment that the problems really started because they did not eat any more. It was at this moment that I began to do all the work that I found for my food and that of my great mother. Today, with my savings I opened a small shop selling phone accessories.
My Business
The activity that allows me to make money is the sale of phone accessories. I have been doing this job for five years and I am very happy. I pay phones chargers to 2GHS and I resell at 3 or 4GHS. This is just an example of what I do as I sell several phone accessories. In addition to the accessories, I pay the old phones to resell. With this trade I manage to take care of my grandmother without forgetting my own needs. In the future I intend to expand the store with a great variety of items in order to have many customers. If I succeed in carrying out this project, I will be able to pay for the education of my nephew whose parents also do not have enough resources. I chose this trade because a large majority of the population uses the mobile phone and one always needs accessories. Also, I learned to repair phones, which made my a much sought after.
Loan Proposal
Dear lenders,
Before I start, I want to thank you for your trust. My previous loan helped me a lot in my business.
I still come to ask you to support me with a new loan. With this new loan, I want to increase the number of phone chargers I sell. This will allow me to increase my daily income by around 10%. Currently I am selling chargers but I want to diversify the types of chargers for customers. In addition, this will allow me to sell one half in my store and the other half will be sold by walking on foot in the city. Thanks again for your confidence.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$278.00
Date disbursed
Dec 9, 2017
Repayment status
Late
Projected term
24 months
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