Loan for more copies of ICT books to sell

Kwabena

Antoa, Ghana

100% repaid

Entrepreneur

Name

Kwabena

Member since

November 2016

On-time repayments

33 installments  •  82%

About Me

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.

My Business

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.

Loan Proposal

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.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$36.00

Date disbursed

May 2, 2017

Repayment status

On Time

Projected term

2 months

Lenders

PG

Paul Graham

United States

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