Mobile phone and accessories

Bright

Berekum, Ghana

4% repaid

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

Good for me with this loan and am using this loan to bye phone and phone accessories and also bye earphones and other tools and equipment for for my business. All this will coast me abou $530.i have get most benefit. From this loan. Because this loan has make to pay my rent and other house thing. And I expect my profit to move from 1200cedis par month to 2000.i thank my lender for this loan thank.

Feedback

None

None

None

Loan Info

Project Type

Classic Loan

Disbursed amount

$391.00

Date disbursed

Oct 17, 2017

Repayment status

Late

Projected term

28 months

Lenders

PG

Paul Graham

United States

Ellen

Michigan, United States

Paul Buchheit

Mountain View, United States

A

Anonymous

United States

JG

Jake Gibson and Beverly Picardo

San Francisco, United States

Ask Bright a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.

Loading...

Loading...

Loading...