Loan to support my mobile money shop

Portia

Kumasi, Ghana

100% repaid

Entrepreneur

Name

Portia

Member since

March 2018

On-time repayments

2 installments  •  100%

About Me

I started my childhood education at rising star international school.when i started school my family were having financial problem and due to this was facing problems whiles in school. For this reason, i use to assist a family friend with his mobile money shop as an apprentice. i did this for sometime and was earning something from there to support my parent for my school. i did this until i graduated from my senior high school. After my senior high school, i decided to start up my own from the little money i have saved. i did this because i realize this was a good earning business. The unique thing about my land is the people there are hospitable and kind to foreigners and also the land is full of natural resources. my hobby is listening to music and reading.

My Business

i provide as a source of easy source of helping people receive the money from far and near. I as well provide scratch cards for people anytime they wish to make calls and they are out of credit. these goods and services are useful because it help reduce stress of people of travel all the way to take money from people instead the money is just transferred into the phone account and they come in to redraw at their near by merchant. i chose this kind of business because it is very profitable. the typical cost and revenue for my business is 10%. i use the profit to reinvest into my business and also save some to support my unborn kids in the near by future.

Loan Proposal

When I am granted this loan, I will purchase more scratch cards to sell at my shop. Also I will load more money into my wallet to do transaction for my customers anytime they are in need of an urgent money.
The price of a card ranges from 1cedi to 50cedis depending on the quantity of the price of card you intend to purchase.
When I increase in my profit margin I will reinvest in my shop to make it more productive.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$20.00

Date disbursed

Mar 19, 2018

Repayment status

On Time

Projected term

4 months

Other loans

Lenders

S

sanfransec

San Francisco, CA, United States

AG

Alexandre Genereux

Gatineau, Canada

Urszula

United Kingdom

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