Entrepreneur
Name
Kofi
Member since
June 2015
On-time repayments
79 installments • 44%
About Me
My name is Kofi Fobil I grew up at Amantin village in the western region of Ghana to a poor parent my childhood was not that good,we struggled to earn a living,we depended on our small cocoa farm which produce yield in two months earning us very little income, through all those hardships my parent sent me to a local primary where I graduated to jhs,i learned very because i wanted to go yi shs,i passed the exams and gained admission to shs,since my parent couldnt afford the admission it forced me to enter small scale mining(galamsey) I raised some money for the shs and I completed with good grades.I entered into teacher training college and completed successfully with the help of siblings and government grants.the income made in teaching in is very small so I decided to find a part time job and I stumbled on mini import of goods from foreign stores like aliexpress,amazon,eBay and sold to local stores and individuals.The people and culture is very nice,the locals loves quality affordable products.my children wants to live a happy life when they grow.I love playing soccer during my leisure time.
My Business
I am teacher and a mini importer that I buy the products like phones and accessories from online stores like aliexpress ,eBay etc and sell locals.As technology increases and population increases people will always want new gadgets again the products get spoilt and old so people would want new products.I love selling this product because they are expensive in my locality but I get them cheap and sell to them affordablly and make nice profit,I love technology and also interested in phones,the community is a mining area so they are also interested in surfing the net using their mobile phones so everyone is in competition to get a new product.I buy about 550usd product and make 180usd in return making 730usd. The profit are used to reinvest in the business.
Loan Proposal
I will buy phone accessories at 400ghc and make a profit of 130ghc so in total I will make 530 ghc so that I can pay the loan on time
Feedback
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Loan Info
Project Type
Classic Loan
Disbursed amount
$111.00
Date disbursed
Nov 14, 2016
Repayment status
Late
Projected term
7 months
Other loans
Lenders
Guildford, United Kingdom
Hillsboro, United States
Shanghai, China
Netherlands
United Kingdom
United States
United States
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