Need $350 to invest in a tire supplying company
Stephen
Adansi Fumso, Ghana
19% repaid
Entrepreneur
Name
Stephen
Member since
May 2015
On-time repayments
249 installments • 37%
About Me
I graduated from High School last 2 years. Though I don't have bachelor degree but I do go for business seminars and also attend webinars which has given me more knowledge about business learning from successful entrepreneurs because I have the passion to learn new ideas to update whatever information I have to grow and advance myself and business. I do have the vision of expanding myself and business internationally to become a globally successful entrepreneur through hard-work. I have pass through hardships in school and home especially when I graduated from high school and have nothing to rely on to survive, I tried my possible best to get a business to do and by so doing I overcame it by selling phone accessories . I know I still have to continue my education so I was looking up to find how to get over that, I landed on alison.com and realized they teach for free with certificates. I took it upon myself to study from there to enhance myself because I do believe in self-reliance and sustainability. Even though where I stay is a village, I didn't consider that as a barrier because I know with the help of the computer the world is a global village. With this in mind to overcome many issues in life, this same computer brought to me an opportunity to get a loan from somewhere to do my business. I said to myself '' the internet has make it my mystery is changing to be a history''. I travelled a long way from my village to the nation’s capital Accra for a seminar and that is where I heard about zidisha.org which I hope will be a life changing exercise to me to expand my vision and make my dream real.
My Business
I sell home-used tires. This is a product that is of high demand because it help the community with their travelling plans to ensure safe journey on the road to each and every individual because it help save people from road accidents to ensure the bond of a happy family is maintained ignoring some of the risk road accident has on them causing a happy family to mourn a member. Currently am supplied by a supplier of these tires to sell them for a commission. The profit gain is use for reinvestment into the business for growth and expansion. My business is suffering due to the fact that the profit margin is low which cannot equate the needed growth and expansion of the business because this business is capital intensive business. I am with the motive of buying the tires myself so as to raise a normal profit to help expand the business nationwide with the help of zidisha.org.
Loan Proposal
My first loan given to me was awesome because it save me alot by bringing in 48% increase in profit of $440. l want $350 to invest in a company dealing in tire supplies for regular supply to my business, upon research it will help me alot to get my returns on investment and also help me to start my University carrer as well so please help me out to get this opportunity, l will be very grateful. Thank you in advance.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$214.00
Date disbursed
Sep 12, 2015
Repayment status
Late
Projected term
56 months
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