Phones

Collins

Kumasi, Ghana

100% repaid

Entrepreneur

Name

Collins

Member since

July 2015

On-time repayments

112 installments  •  67%

About Me

I was born on 19 april 1991 at manhyia in kumasi . I went to school and completed my high school education in the year 2011. After school i join my senior brother in phones and laptop business.Happy thing about my culture is it is attractive and it has unique history our dressings. In the near future i want my children to have good education.i remember once playing football in a team and i was the team player scoring crucial goal to win a local trophy in my town.

My Business

I sell phones,laptops memory cards 'headphones .these goods are useful since in our daily lives people nred to browse n and listin to music and news with their devices . This business really Works because its profitable. if i acquire a phone for GHC600 i am able to sell it 700. thus my revenue is 10% to 15% of profit. I use the profit to reinvest in the business. For business expansion

Loan Proposal

I need loan the loan to buy additional phone(s) in the business.the price $60 to 100$ and the remainin fund left may cater for earpiece.if i buy a phone for $100 dollars am likely to sell it for $125 to $140 dollars. This wiill increase my business capital about 1.2% and my profit margin will increase from 20% to 21.7%. This will help me with additional capital for my business expansions.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$100.00

Date disbursed

Jul 29, 2015

Repayment status

On Time

Projected term

5 months

Lenders

Paul Buchheit

Mountain View, United States

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