Mobile money business

Abdulai Ayaaba Sumaila

Bawku, Ghana

16% repaid

Entrepreneur

Name

Abdulai Ayaaba Sumaila

Location

Bawku, Ghana

On-time repayments

217 weekly installments  •  86%

About Me

I was born in kokooso a village in the Asonafo South District in the Brong Ahafo Region of Ghana. Because my parents was living there at that time. I attended kokooso primary and junior high school after which I had admission to attend bawku senior high school in 2007.
In secondary school I had the passion to do business. Because of the financial status of my parents, I knew it will be difficult to continue my education to tertiary after my secondary school. I started saving, small amount of money relatives givens to me as my pocket money. After my completion I was having Gh120.00 (30 dollars) which I knew I can use to start some business. I sell credit cards of all the various telecommunication networks in Ghana(M.T.N, Vodafone,Airtel, Tigo, Onetech and
Glo)
The culture of the peoples makes business good every market day business boom well. I like football and also like reading all kinds of books ringing from story books, magazines and novels in my leisure time.

My Business

I sell credit cards of all the various telecommunication networks in Ghana here and their Sim cards in bawku. The selling of these credit cards and the Sim cards are in demand because every day peoples will make calls and also browse the internet. I decided to choose this business because it does not need huge capital before one can start and more to the point the risk is minimal.
The cost involves in my business is such a way that, I have a capital of Gh450.00 that is about (113 dollars) and every market day I run short of credit cards to my customers due to the low levels of my capital. Averagely I make profit GH16.00 to Gh20. 00(4 to 5 dollars) a day and the profit is reinvented in growing the business.

Project Proposal

Thanks to zidisha my business is growing gradually with increase profit. If this loan is approved it will go a long way to boost my profit margin and I can serve my customers well.

Feedback

None

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Project Info

Project Type

Pay It Forward

Disbursed amount

$862.96

Date disbursed

Jul 15, 2021

Cost to entrepreneur

Service fee: 5% of $862.96 = $41.62

Backers

Paul Buchheit

Mountain View, United States

CN

Craig Newmark

United States

Cynthia Acquah

Tarkwa, Ghana

Blessing Ekhator

Benin City, Nigeria

Hayford Gyamfi

Accra, Ghana

Emmanuel Manu

Techiman, Ghana

Kofi Danquah

Abuakwa, Ghana

Victor Kudefia

Asuom, Ghana

Hannah Mwangi

Nairobi, Kenya

Emmanuel Agyei

Accra, Ghana

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