Entrepreneur
Name
Samuel
Member since
March 2021
On-time repayments
7 installments • 43%
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 will add the loan to my capital to run my mobile money business, this will help me expand my business to increase my profit and also help my customers to get enough funds to run their day to day transaction.
Income Source
I am the only mobile money vendor in my neighborhood so it will be very difficult for me to run at a loss, but in case of any risk I will repay with profit from my accessories and scratch card business.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$100.00
Date disbursed
Mar 30, 2021
Repayment status
Late
Projected term
6 weeks
Other loans
Lenders
Chicago, United States
United Kingdom
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