Mobile phones, mobile money and Bitcoin
Godwin Yaw Bush
New Achimota, Ghana
100% repaid
Entrepreneur
Name
Godwin Yaw Bush
Member since
January 2015
On-time repayments
192 installments • 100%
About Me
My name is Godwin Bush I am graduate of the University Of Ghana, with a first class honous i must say going through school was one of the most challenging task for me; coming from a family that is not that sound financially meant i had to struggle to see my self through school and to the glory of God i was able to achieve that fet. The challenges of paying my own tution fees made me think outside the box and also rewired my thinking and gave me the desire to create my own business, that will give employment to many of my kind. In line with this goal i started my first business when i was in school, that is the sales of recharge cards to students since it was a need and also i started rendering mobile money services; with hardwork and discpline i was able to grow the business and gave employment to other student on the different part of campus. I love reading and solving people's need.
My Business
My business is buying mobile phone recharge cards from the wholesale and selling it to the end user. I also serve as a merchant for moblie money services for most of the telecommunications companies where people can come and withdraw or send money. I also sell mobile phones to most of the people who cannot afford to buy it outright and therefore i allow them to pay for it on instalment. There is high demand for the credit cards and also the phones, i make an average of about 4% profit on all the sales i make and i plough back the profit into the business since i want to expand it to become a bigger firm that will employ many. I chose this line of business because communication has become a part of society and also there is the gradual shift from the traditional way of send cash to using mobile money services since it is safer , faster and more convenient also the potential for success is huge, since there is demand for these services
Loan Proposal
I will restock my phones and the credit with about 400$, and will also top up my mobile money vendor account with 300$ then i will buy more of the bitcoin from the minners with the remaining balance, i expect to make a profit margin of 35% percent which i will reinvest into the business.
As you have supported me in the past i still look forward to your assistance in getting this loan fully funded.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$1,946.00
Date disbursed
Jun 18, 2018
Repayment status
On Time
Projected term
6 months
Other loans
Lenders
Germany
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Eric West Apr 25, 2019
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