86 installments • 100%
I am a 33 year old Ghanaian with 3 siblings, recently got married,a football and golf fanatic and a lover of electronics. After completing my national service 4 years ago I was on a job hunt till two years ago I decided to start my own business. Since then my life has been mostly about my family, my work, watching football (I am a Chelsea FC fan) and golf(almost every Thursday to Sunday). Funny thing is that I have never held any golf equipment but I fancy winning a golf major tournament in the near future... ha ha ha ... and I keep on dreaming.
My work is basically into the sale of electrical gadgets(wiring cables,multi sockets,TV antennas) and mobile phones and accessories (batteries,chargers,cases). I have recently included Mobile Money merchandise and the sale of call recharge cards and it has really increased my daily sales.
This business is in high demand due to the quest for smartphones and the fact that Ghana is migrating from analogue to digital TV stations. Profits from my work is partly reinvested into growing the business and taking care of my sibling and will be the main source of loan repayment.
The influx of variety of mobile phones has increased the demand for accessories mostly phone batteries and phone chargers. This loan if approved will be used to buy more stocks of batteries and chargers to meet the high demand for those accessories in this country.
I intend buying stocks of phone batteries worth $130 and $66 worth of mobile phone chargers.
All things being equal, I expect to make a net profit of $20 within the first 3 months
Sep 9, 2016