Loan to make a small shop to sell phone voucher/credit

George

Suhum, Ghana

19% repaid

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How it Works

Entrepreneur

Name

George

Member since

January 2016

On-time repayments

77 installments • 32%

About Me

Am a university graduate with a Bsc Statistics and Mathematics degree from the University of Cape Coast, Ghana. I completed Suhum Secondary Technical School with a SSSCE certificate in 2005. I worked in many places after my Secondary education. I worked in an Agrochemical shop, Savings and loan facility and as a mobile phone credit seller. I did all this to to gather money to fine my university education. Now i have completed my first degree programme and serving my nation as a National Service Personnel. I love helping people academicall and financially if the need arise. Is my plan to establish an NGO to help the needed.

My Business

I sell mobile phone vouchers/credits when i was in the University, and now still selling it at home and the work place. In Ghana we about six mobile communication companies and I buy their mobile phone vouchers/credits and sell it to my friends, colleagues, family members and anyone who need to buy mobile phone voucher/credit.
Now I want to expand my business by getting a small shop where I can sell from. I want to first buy a table , a big umbrella and a chair to use it to operate to the general public.
This will help me get more clients aside my friends and families. The income will be save to make the shop and also bring on board Mobile Money services.

Loan Proposal

I need GHC 393 to help me make a small shop to operate and sell mobile phone vouchers or credits to the general public. Now I only sell to my friends, colleagues and family at home, workplace and anywhere I meet them . Part of the loan (GHC 150) will be used to buy a small table, a big umbrella and a chair to use to operate the business to the general public. The rest of the money will be used to buy more credit vouchers. Selling on the table under the umbrella will help me get more clients aside my friends and families. Income from the business will be saved towards making the shop and later bring on board Mobile Money services.