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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Neutral
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Negative
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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
Other loans
Lenders
Summary
Amount repaid
$113.00
Amount remaining
$0.00
Date repaid
Jan 2, 2016
Status
Fully repaid
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Aug 9, 2015 | $5.00 | Aug 8, 2015 | $5.00 |
| Aug 16, 2015 | $2.50 | Aug 8, 2015 | $2.50 |
| Aug 23, 2015 | $7.50 | Aug 17, 2015 | $7.50 |
| Aug 30, 2015 | $7.50 | Aug 29, 2015 | $7.50 |
| Sep 6, 2015 | $7.50 | Aug 29, 2015 | $5.00 |
| Sep 5, 2015 | $2.50 | ||
| Sep 13, 2015 | $7.50 | Sep 5, 2015 | $7.50 |
| Sep 20, 2015 | $7.50 | Sep 18, 2015 | $7.50 |
| Sep 27, 2015 | $7.50 | Sep 29, 2015 | $7.50 |
| Oct 4, 2015 | $7.50 | Sep 29, 2015 | $7.50 |
| Oct 11, 2015 | $7.50 | Oct 15, 2015 | $7.50 |
| Oct 18, 2015 | $7.50 | Oct 25, 2015 | $7.50 |
| Oct 25, 2015 | $7.50 | Nov 6, 2015 | $7.50 |
| Nov 1, 2015 | $0.00 | ||
| Nov 8, 2015 | $0.00 | ||
| Nov 15, 2015 | $3.75 | Nov 6, 2015 | $3.75 |
| Nov 22, 2015 | $3.75 | Nov 6, 2015 | $3.75 |
| Nov 29, 2015 | $3.75 | Nov 22, 2015 | $3.75 |
| Dec 6, 2015 | $3.75 | Nov 22, 2015 | $3.75 |
| Dec 13, 2015 | $3.75 | Nov 22, 2015 | $3.75 |
| Dec 20, 2015 | $3.75 | Nov 22, 2015 | $1.25 |
| Dec 19, 2015 | $2.50 | ||
| Dec 27, 2015 | $3.75 | Dec 19, 2015 | $3.75 |
| Jan 3, 2016 | $4.25 | Jan 2, 2016 | $4.25 |
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