Olalaa loan project

Francis

Sunyani, Ghana

100% repaid

Entrepreneur

Name

Francis

Member since

December 2015

On-time repayments

157 installments  •  40%

About Me

From my childhood to my second cycle education , I was raised up by a step father. Following his deceased, I nearly quit my tertiary education except for the help of a brother who volunteered.
After tertiary education, realizing the poor employment condition in Ghana coupled with my ambition for entrepreneurship, I decided to put up my own business which I did. Though from the Ashanti region, yet thought Sunyani in the Brong Ahafo region will be a more favorable ground for the business.
I really enjoy reading and music usually at my leisure time.

My Business

My business is into mobile money transaction, the sale of scratch cards, SIM cards as well as some healthy foodstuffs. It is located in Sunyani in the Brong Ahafo region of Ghana.
As a start up entrepreneur with little capital, this business upon consideration was seen to be the appropriate one comparatively. Also, electronic cash system has almost become the other of the day in Ghana and was seen to be a good ground for starters.
With the help of the Zidisha team, my average income has increased dramatically( GHC 600- GHC900 monthly) and my services to customers has also improved. Profits are always reinvested and this has significantly increased my capital as well.

Loan Proposal

The loan will be be reinvested into the business. Especially, the mobile money transaction requires a huge capital and the loan will be used as a to up to my capital. This will at least improve my the ability to meet customers demand in money transaction.
I expect the loan amount to increase my profit at least GHS 10 a week

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$53.00

Date disbursed

Aug 19, 2016

Repayment status

On Time

Projected term

6 weeks

Lenders

The Zinc Team

San Francisco, United States

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