More mobile accessories to meet high demands

Albert Adjei-gyebi

Accra, Ghana

100% repaid

Entrepreneur

Name

Albert Adjei-gyebi

Member since

August 2016

On-time repayments

86 installments  •  100%

About Me

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 Business

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.

Loan Proposal

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

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$203.05

Date disbursed

Sep 9, 2016

Repayment status

On Time

Projected term

2 months

Cost to entrepreneur

Service fee: $4.94

Albert opted to pay $90.02 into the Zidisha Members Loan Fund in return for a higher starting credit limit.

Lenders

The Zinc Team

San Francisco, United States

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Summary

Amount repaid

$203.05

Amount remaining

$0.00

Date repaid

Nov 22, 2016

Status

Fully repaid

Repayment History

Expected Payments Actual Payments
Sep 20, 2016 $15.44 Sep 20, 2016 $15.44
Sep 27, 2016 $15.44 Sep 27, 2016 $15.44
Oct 4, 2016 $15.44 Oct 4, 2016 $15.44
Oct 11, 2016 $18.01 Oct 11, 2016 $18.01
Oct 18, 2016 $18.01 Oct 18, 2016 $18.01
Oct 25, 2016 $18.01 Oct 25, 2016 $18.01
Nov 1, 2016 $20.59 Nov 1, 2016 $20.59
Nov 8, 2016 $20.59 Nov 8, 2016 $20.59
Nov 15, 2016 $20.59 Nov 15, 2016 $20.59
Nov 22, 2016 $40.92 Nov 22, 2016 $40.92

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