Entrepreneur
Name
Francis
Member since
September 2015
On-time repayments
36 installments • 86%
About Me
Francis Otoo is my name. I started school at AME Zion at Cape Coast at the age of 5 years. And I completed JSS at the age of 16years. Through my hard work I gain an admission to Secondary school(Cape Coast Technical Institute) and I completed at the year 2005.
After I completed secondary school life became so hard,so I decided to start established my own business. I started doing MTN mobile money and also selling credit cards and transfer.
Where I live is a hospitality area and well hygienic area. Is a residential area.
I want my children to grow up to become a responsible my family. I want my son to be a doctor and my daughter to become a teacher.
I like football and volleyball.
My Business
I started MTN mobile money at Amoanda, Elmina.I choose to do this business because is the one of fastest growing lucrative business in Ghana. Nowadays people find it difficult to go to bank when they are depositing or making withdrawal they rather choose to put their money in their money mobile.
When you choose fifty people,40 peoples will choose mobile money than bank because it makes transaction easier.
My typical cost is Ghc 2000 and my typical revenue is ghc100-200 monthly.
I will used my profit to pay for my children school fees.
Loan Proposal
I will used $10 to buy E-cash and the remaining amount to buy credit cards.
This will create a lot of benefit to me and others because people will send money to their friend and their relatives to wherever they are.
Since it is a business, I want my profit to be increase from $30-50.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$20.00
Date disbursed
Nov 17, 2016
Repayment status
On Time
Projected term
6 weeks
Other loans
Lenders
United States
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