Loan to setup a dstv soccer viewing centre
Chima
Adabraka, Ghana
100% repaid
Entrepreneur
Name
Chima
Member since
March 2015
On-time repayments
181 installments • 78%
About Me
My name is Ogbonna Chima, I had a humble beginning growing up
with my siblings. I developed a love for computers at a very young age and used that love to develop myself.
While developing myself I learnt to be disciplined and prudent which came as a result of a 2 years missionary service for the church of Jesus Christ of Latter day Saints.
After my service, I started business and after saving up Ghc 2500, I used the money to open my office and started operating till date. With my keen interest in IT and good money management skills I have been able to grow this business to a profitable one.
My Business
I have an apartment I will be renting out. I will be doing renovation work so that it can be ready for a tenant.
Loan Proposal
After a careful survey of my area, a DSTV soccer viewing centre will fulfill the need for viewing of the english premiership and la liga matches as the DSTV premium bouquets is very expensive and 90% of household cannot afford it.
To watch their favorite teams, they have to pay Ghc 2 per match in DSTV soccer viewing centres.
I have a shop which I will use to set it up.
I will need.
Floor tiles and workmanship = Ghc 850
Chairs = 50 X Ghc 15 = Ghc 750
Painting = Ghc 175
Projector = Ghc 2250
DSTV Bouquets = ghc 330
Total = Ghc 4355
Revenue:
saturdays = 50 X Ghc 2 (1 match) = Ghc 100
3 matches a day = Ghc 300
Sunday = 3 macthes = Ghc 300
Minimum total revenue a week = Ghc 600
Cost of service:
DSTV (weekly) = Ghc 82.5
Lightbill (weekly) = Ghc 25
Total cost = Ghc 107.5
Profit Ghc 600 - Ghc 107.5 = Ghc 492.5
By financing this loan, you will be able to create employment and enable self reliance
Feedback
Positive
None
Neutral
None
Negative
None
Loan Info
Project Type
Classic Loan
Disbursed amount
$710.00
Date disbursed
Jun 3, 2018
Repayment status
On Time
Projected term
2 months
Other loans
Lenders
United States
United States
Ask Chima a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.