Mobile phones and accessories

Bright

Berekum, Ghana

100% repaid

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How it Works

Entrepreneur

Name

Bright

Member since

April 2016

On-time repayments

182 installments • 40%

About Me

Am Bright osei am not marrige and no kids am the last born of my family ,I come from berekum in Brong Ahafo Regoin , Ghana. My parents are farmers and the use farms as thire business.
I complet Education
level and due lack of school fees was unable to proceed with my education. I have been doing manual work to sustain myself and my family five years ago I started a small business.
I sell cheap mobile phones and accessories. I started the business with a capital of 3000. This was from my small micro finance which I was introduced to by a friend the growth is slow due lack of capital of for expansions. The financial institutions demands collateral and charge high interest rates.
This loan will help me to increase the stock (buy more new mobile phones, accessories and electrical items) this loan will transform my life by helping to pay for my kids school fees and help my parents and the society.

My Business

My Business

My business deals with cheap mobile phones and accessories. these phones are Alcatel, Bird, Nokia, Samsung, Techno and accessories like flip covers, batteries, cases earphones and mobile spare parts. It is a small retail business where these items are sourced from a whole seller and sell them to customers per item at a relative price for a small profit. My business has improved my standard of life of community by providing available and cheap communication devices which are not available in the local community. The money gathered from the business is used for sustaining me and chipping in paying fees for my two siblings. Sales vary with days; there are times when I make a profit of four hundred per day. My costs include rent, electricity and other expenses.

Loan Proposal

Hi zidisha am applying this load to improve my stock. i decided to have both phone shop and barber shop and my accessories so to improve,stabilise financial status in other way so i can pay and repayment schedule on time i hopefully belive i will be considered Thanks.