Purchase of bulk cards

Abiola-johnson

Ilorin, Nigeria

100% repaid

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How it Works

Entrepreneur

Name

Abiola-johnson

Member since

July 2020

On-time repayments

9 installments • 67%

About Me

A banker cum Business woman dealing with the selling of recharge cards from many network services providers.

My Business

Dealing with selling bulk recharge cards, whole sales and retails, My sales is frequents because i deals with many customers across board ( Wholesalers and Retailers) My shops also sells Data in Bulks for end Users and resellers.

Loan Proposal

The loan is meant for purchase of bulk Data, Recharge Cards to resell to wholesalers and Retailers, I also intend to sell directly to end users (consumers) especially DATA TO enable fast turn over and more profits in order to meet the repayment schedule on time.

Income Source

Our kind of business does not affected by pandemic, because irrespective of the situation people are calling and still hanging online, infact the sales at lockdown period is more than that of busy time. So am optimistic that the coronavirus cases will not affect my kind of business.

Feedback

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Neutral

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Negative

EG
Erik G Dec 11, 2020

Unfortunately the loan repayments were not made and despite reaching out many times over a few months to understand the challenges Abiola-Johnson never responded. Sadly it is this default and probably even more the lack of communication around the reasons for the defaults that pushes up the cost of the loans to all the borrowers on the Zidisha platform & community.

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Loan Info

Project Type

Classic Loan

Disbursed amount

$14.00

Date disbursed

Jul 17, 2020

Repayment status

On Time

Projected term

1 week

Other loans

Jul 2020: $24

Aug 2020: $113

Aug 2020: $193

Lenders

Paul Buchheit

Mountain View, United States

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Hassan Feb 15, 2021

She promised to pay back soon

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Kolawole Jan 3, 2021

After several advice and pleas ,I advise to follow the right path of gradual repayment

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Kolawole Dec 1, 2020

She just pleaded without valid reason.

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EG
Erik G Nov 20, 2020

AJ - you seem to have a professional approach to your business. Remember that your defaulting on the loan pushes up the costs to all other borrowers on Zidisha. Erik

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EG
Erik G Nov 8, 2020

Thanks Kolawole.

AJ - hope everything is OK. Sorry you don't feel you want to communicate directly with your lenders. I know it was not your intention to disappoint, as you wrote below. Do you have a plan to pay back the loan? Otherwise we have to cancel it which will obviously effect the confidence in you for future loans. Best, Erik

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Kolawole Oct 29, 2020

I called her,I reminded her that she promised me that she would pay tomorrow but am yet to see her make the repayment, she told me she was having some difficulty but she would try her best.

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- EG
  Erik G Nov 30, 2020
  
  Any further news Kolawole?
  
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EG
Erik G Oct 13, 2020

Hello AJ - how are things? Looks like you are struggling to make the payment schedule. Any problems? I do hope you manage to do it and keep the confidence you had been building up with the Zidisha lenders... Sounded like you had a good plan re buy bulk and resell within a week? Do keep us updated. Thank you Erik

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Kolawole Sep 29, 2020

Have called her and she tomorrow to pay as soon as possible

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Abiola-johnson Sep 2, 2020

This loan come at an accurate time, I will use this loan now for card bulk purchase which am sure of making 200prrcent turnover in a week. Thanks to my lender I won't disappoint

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EG
Erik G Sep 1, 2020

Sounds like you have a solid plan for your business project and commitment to pay back the loan AJ. All the best.

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- Abiola-johnson Sep 1, 2020
  
  Yes i do, i usually set aside loan from zidisha on a certain volume of cards which enable me to calculate the profit and turnover i make from the loan.
  
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Abiola-johnson Sep 1, 2020

THE DEMAND FOR AIRTIME NOW IS QUITE INCREASING AND OTHER WAYS TO MEET UP IS TO STICK TO LOAN FROM ZIDISHA WHICH IS WHAT IS MAKING MY BUSINESS GROWING

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Abiola-johnson Aug 31, 2020

The present situation of pandemic was the best opportunity to grow business with a reliable loan from the zidisha organization, I used most funds for bulk card which yielded a rapid turnover, though the profit rate might be minor, but the rate of turnover is 300% which are very reliable.

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Abiola-johnson Aug 28, 2020

The past loan was used to restock my bulk cards, which enable me to have a rapid turnover of about 20%, the money was very accurate for the time i needed it, now that the demand is high, i wanted to have more option for loan.

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Abiola-johnson Aug 7, 2020

This was a very interesting avenue to boost business, this loan was granted, and it will be used to boost my sales of airtime and bulk cards sales.

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Abiola-johnson Aug 6, 2020

A good avenue to improve once business and gain more access to fund small scale business.

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Abiola-johnson Jul 28, 2020

This is a good platform ever to boost a business, this loan will be used for bulk purchase of cards to be sold to wholesalers retailers and consumer directs.

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