Kwabena
Antoa, Ghana
100% repaid
Name
Kwabena
Member since
November 2016
On-time repayments
33 installments • 82%
Kwabena Owusu-Ansah is my name. I had my basic education at Army Basic School in Kumasi. I continue my high school education at Armed Forces Senior High School in Kumasi in the year 2005-2008. When I completed High School education, i had appointment to teach in a private school which fetched me a little to further my education to College of Education in the year 2010 and completed in 2013. The little amount of money I kept was use to buy books and sell them. The land where I live like to read books especially ICT books to improve their knowledge. I like to read and search the internet at leisure time.
I provide ICT books and other literature books to people who can't go to bookshop to buy them. People want to upgrade the knowledge on the use of ICT tools, so the book is relevant to them. I picked this kind of business due to high demand of ICT tools. I used 200 cedis to finance the business. I used the profit to cater for my family members and some too to reinvest into the business.
I will buy more copies of the ICT books to give to my customers on credit to pay installment. Peoples are in need of the books in other to upgrade their knowledge base in ICT. Since we are in technological world, people are in constant ask of ICT books to buy to learn. By the loan I will be able to buy additional ICT books which worth about 140 Ghana Cedis. Therefore by the sales of these additional books I will be able to gain about 50% profit from the sales of the books. The profit gained can be used to reinvest in other businesses with can also yield additional profit.
Positive
None
Neutral
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Negative
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Project Type
Classic Loan
Disbursed amount
$36.00
Date disbursed
May 2, 2017
Repayment status
On Time
Projected term
2 months
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