Phone units for mobile credit transfer business

Nyarko

Takoradi, Ghana

100% repaid

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How it Works

Entrepreneur

Name

Nyarko

Member since

November 2017

On-time repayments

52 installments • 83%

About Me

I am called GYIMAH NYARKO DAVID in full. Born and breed in the eastern part of Ghana, precisely at Obo-Kwahu. I attended my basic education not in one of the endowed schools but with determination and hard work passed into a senior high school where I also passed well enough to enable me enter a tertiary institution. In fact my greatest setback was at this level as the painful death of my father just after enrollment brought an untold hardship. But that not withstanding I sailed through with a second class honors. Ghana is noted for its peaceful environment as well as its mineral resources like gold, diamond etc. With no children now, I and my wife hope to improve on our life and become financially sound in order to help others. I like playing and following football and my fond memories of my primary school days where I was the CR7 of my school team. On one occasion I remember I scored two spectacular goals for my school and got injured in scoring the last one. Surprisingly, before I was treated returned to the field again, the little drinks that was to be shared got finished and I had to play on an empty stomach. Hahaha!!!

My Business

As a public sector worker, I have a monthly stream of income and a little source of passive income which put me in a good position to repay the loan. I am into mobile phone call credits, even though I financed it with a meager amount,it has great potentials because in my country Ghana, approximately everyone uses more than one phone translating into billions of cedis every month. Personally my own calculation of how how much phone credit I use informed my entering into that venture as a part time job. Since it is an online job, it has lower costs of operation except for service charges. Interestingly, incomes from what I do is my family's source of sustenance talk about health care, feeding,etc. It is my wish to venture into my number one business target which is forex trading and liquid soap production for my wife hence the need for your support.

Loan Proposal

The nature of my business requires that I always have call credit units to transfer to my customers. Therefore when I receive this loan am going to buy more units. I expect to buy approximately 100$ worth of units, 50$ worth of internet data bundle and approximately 22$ will be saved for any contingencies. I believe with a favourable market demand, my sales turnover will double. I also expect my internet data bundle fees will come down as a result of bulk subscription and to shoot my profit margin up by at least 45%.