Loan to run my day-to-day mobile money business

Entrepreneur

About Me

I am Boakye Samuel from the Ashanti Region of Ghana but I stay in Accra. I was able to complete my basic and secondary education but because of financial constraints I was not able to further my education to the tertiary level which prevented my childhood dream of becoming a chartered accountant not a reality. Due to that a friend of mine borrowed me GHS 700 which I used it as a capital to operate a mobile money business and selling of scratch cards.

My Business

I am a mobile money and scratch card vendor at where I stay, due to technological advancement which makes carrying cash a burden nowadays, mobile money business has become very lucrative and it also helps customers to move freely without handling money. I chose this kind of business because there is none at where I stay so people patronize it very much. The cost of operating my business is GHS 2500 which helps me get a revenue of GHS 3500.

Loan Proposal

I want this loan as additional capital to run my day to day mobile money business. This loan will help me increase my capital and I can get more money to serve my customers. I am expecting 35% profit margin at the end of the week.

Income Source

I can pay the loan since mobile money business is just selling the money and making profit. I will pay back the loan with the profit I make from my other business incase of risk.

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Loan Info

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