Loan to upgrade internet services
Charles
Berekum, Ghana
$0 to go
100% funded of $102 goal
0
days left
Entrepreneur
Name
Charles
Member since
April 2015
On-time repayments
32 installments • 63%
About Me
I will like to start from who I am. I am not all that dark, let say chocolate in complexion and single. I was born and brought up in on of the villages in Ghana. I also start my education in the village. Things was some how tough during schooling so I had to some times go to the Market to help my mom sell. One day in the market I met an old school mate who introduced me to a friend to be assisting at the cafe. I started getting links from there. Thank you.
My Business
It a computer center where people comes in to access quick information online. I started with one computer and a printer. From the beginning it was somehow difficult but people got use of the system. My place of business has become congested. I started this business with as little as $100 but by now my capital has increased to about $3000.
The must expensive thing her now is electricity. Power has not been stable so I have to buy a new generator. The cost of running business has really gone very high. The cost of fuel is very high here.
I use to support four siblings in school but because of high cost of revenue I hard to reduce the number to two. Even with the two things are tough. The interest rate on loan here to is very high
Loan Proposal
My first loan was intended to buy a new generator and Internet upgrade. I was able to pay for a high speed Internet service for some few months due to the amount received all the same it helped my services for some time and my profit and costumer based shot up by 10% which was good.
I will like to take this opportunity to thank my lender for his support. I will like to take this second loan again to subscribe for a high Internet service which will help boost my profit and costumers.
This loan will enable me to improve upon my services by 15% and also increase profit by 10%. Am looking forward to my lovely lenders. Thank you in advance
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Loan Info
Project Type
Classic Loan
Disbursed amount
$102.00
Date disbursed
Nov 25, 2015
Repayment status
Late
Projected term
8 weeks
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