More phones and accessories for my expanding phone business

Joseph Quansah

Obuasi, Ghana

100% repaid

Entrepreneur

Name

Joseph Quansah

Location

Obuasi, Ghana

On-time repayments

256 weekly installments  •  41%

About Me

My name is Joseph Quansah. I am the second child of a christian family of five who live in a very lucrative mining town of Ghana called Obuasi. I completed Opoku Ware Senior High School in 2011. I am currently pursing my BSc. in Mining Engineering at the University of Mines and Technology, Ghana West-Africa. Prior to my admission into this reputable institution, I opened a phone shop which I am currently managing. It is a very profitable business venture which is helping to support most of my school expenses, and family members as well. I have one shop now and this mobile phone business is really booming in my community.

I normally read books - mostly pertaining to my profession and daily graphics to keep myself abreast of current affairs during my leisure hours. However, watching football match is my main hobby.

My Business

I began this phone business in 2011 and I have decided to expand this business since there is a high demand of phones in my community. People are buying these handsets; especially the small scale miners in my town due to their affordability. I gain maximum interest as twice as I purchase them for sale. I thought about this booming business and to be frank, people are really patronizing my services. I want to purchase these phones in bulk to be able to supply my customers on a regular basis. Since the business is gradually expanding, I need additional shop to stock it with phone accessories to help boost my in my earnings The cost of one brand new phone ranges from $100 to $120, and I am able to sell them for $180 and $200 to get more profit. In case I am able to get $2000, it will help me purchase more phones and accessories to boost this business. Therefore, I am appealing to all Zadisha lenders to help me with this loan to be able to purchase additional phones and accessories to expand my business and serve customers to their satisfaction. Thank you.

Loan Proposal

I am privileged to personally own this phone shop through the collective effects of the zidisha loan lending community. I am mainly focused on this phone business and I want to continue doing this business for a long period of time because of the massive profit accruing from this business. I need this loan of about $2000 to expand my territories and become a renowned seller of this phones and accessories in my community.

As it can be seen from my profile, I have been doing this business by the help of the previous loans from the zidisha community and because of the profit I receive, I have been able to repay all my loan on timely manner, even less than the stipulated time to finish the repayment. Hence, I am pleading with the zidisha loan lending community in all philanthropies to help me with this loan and boost my business and take it to the next level. God richly bless you all.

Feedback

1

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  • Brian    Feb 23, 2015

    Repaid in full, on schedule. Well done!

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    • Joseph Quansah    Mar 6, 2015

      Thank you Brian. I am always happy to have you

      Log in to reply • Share
    • Joseph Quansah    Jul 4, 2016

      I am pleading with all Zidisha Community members to whole-heartly accept this adjustment of new repayment due to business transactions gradually dwindling over the past two months. This payment will not be permanent as I am seeking ways to increase profit by purchasing more phones and adopt strategies to boost consumer satisfaction. I promise that I will increase the loan repayment once condition of service and sales of the phones has reached its target. Thank You ALL.

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Loan Info

Project Type

Classic Loan

Disbursed amount

$505.25

Date disbursed

May 11, 2015

Repayment status

On Time

Projected term

15 months

Cost to entrepreneur

Service fee: $25.25

Lenders

T

Tmann

Los Angeles, United States

Brian

Midhurst, Canada

investor

Candiac, Canada

cyrus0302

San Francisco, United States

DeanDropshot

Oslo, Norway

EHTHighSchool

Egg Harbor Township, United States

C

czeisler

Hochheim, Germany

Zidisha

Sterling, United States

A

ashtanga99

Newport, United States

BJ

Brandon Joz

North Carolina, United States

TheWhiteCat

Surrey, United Kingdom

B

briansedz

Canton, Ohio, United States

J

jared4

parowan, United States

T

tmsaddress

Orlando, Florida, United States

dajawein

Gladstone, Australia

indeh

London, United Kingdom

Andreas1974

Fristad, Sweden

A

Austrian

Graz, Austria

Jouni

Finland

madnomad

San Francisco, CA, United States

ads68

Melbourne, Australia

P

pignolet

zurich, Switzerland

rfriedenberg

New Jersey, United States

A

Andy

Berlin, United States

fairspirit

Utrecht, Netherlands

BF

Bob Fitzjohn

Fontvielle, Monaco, Yemen

paulclinton

malaga, Spain

Zal0m0n

Atlantis!!!! x), Mauritania

Genady

Münich, Germany

E

E

Marin county, United States

H

Haavard

Bergen, Norway

A

akshu71

Ottawa, Canada

pvilliger

Zurich, Switzerland

Matching Fund

Sterling, United States

M

Mcohan21

United States

Jonas

Brussels, Belgium

Paul Buchheit

Mountain View, United States

M

merk85

United States

mepster

San Francisco, Ca, United States

O

OzMonkey

Australia

L

luckiestmonkey

United States

I

idris

United States

S

SCHAC

Switzerland

S

satheajay

United States

tricia190

Liverpool, United Kingdom

K

Kebrenagast

New York, United States

T

TomTessitore

United States

A

adamdreaming

United States

Jansa

Oulu, Finland

TM

Theo Mbise

Switzerland

Family Mueller

Petershagen, Germany

MW

Matt Willis

United States

JD

Jo Dane

Melbourne, Australia

Francoise Kuenzi

Neuchâtel, Switzerland

Ask Joseph a question about this loan project, share news and photos of your own, or send a simple note of thanks or inspiration.

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