Purchase of New Cellphone Inventory for Business Expansion
Joseph
Obuasi, Ghana
17% repaid
Entrepreneur
Name
Joseph
Member since
August 2014
On-time repayments
258 installments • 42%
About Me
My name is Joseph Quansah. I am the second child of a christian family of five who live in a very lucrative mining town of Ghana called Obuasi. I completed Opoku Ware Senior High School in 2011. I am currently pursing my BSc. in Mining Engineering at the University of Mines and Technology, Ghana West-Africa. Prior to my admission into this reputable institution, I opened a phone shop which I am currently managing. It is a very profitable business venture which is helping to support most of my school expenses, and family members as well. I have one shop now and this mobile phone business is really booming in my community.
I normally read books - mostly pertaining to my profession and daily graphics to keep myself abreast of current affairs during my leisure hours. However, watching football match is my main hobby.
My Business
I began this phone business in 2011 and I have decided to expand this business since there is a high demand of phones in my community. People are buying these handsets; especially the small scale miners in my town due to their affordability. I gain maximum interest as twice as I purchase them for sale. I thought about this booming business and to be frank, people are really patronizing my services. I want to purchase these phones in bulk to be able to supply my customers on a regular basis. Since the business is gradually expanding, I need additional shop to stock it with phone accessories to help boost my in my earnings The cost of one brand new phone ranges from $100 to $120, and I am able to sell them for $180 and $200 to get more profit. In case I am able to get $2000, it will help me purchase more phones and accessories to boost this business. Therefore, I am appealing to all Zadisha lenders to help me with this loan to be able to purchase additional phones and accessories to expand my business and serve customers to their satisfaction. Thank you.
Loan Proposal
This loan will l be used to purchase additional phones to increase stock of my growing business, and part of the money to purchase a laptop to keep regularrecords of sales. This will help me run the business for long period of time.
Feedback
Positive
1
Neutral
None
Negative
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Loan Info
Project Type
Classic Loan
Disbursed amount
$848.00
Date disbursed
Aug 19, 2016
Repayment status
Late
Projected term
40 months
Other loans
Lenders
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Summary
Amount repaid
$155.52
Amount remaining
$734.95
Expected completion
Dec 22, 2019
Status
Repaying late
Installment amount
$2.58
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Aug 28, 2016 | $10.33 | Aug 27, 2016 | $10.33 |
| Sep 4, 2016 | $10.33 | Aug 27, 2016 | $10.33 |
| Sep 11, 2016 | $10.33 | Aug 27, 2016 | $10.33 |
| Sep 18, 2016 | $10.33 | Aug 27, 2016 | $10.33 |
| Sep 25, 2016 | $10.33 | Aug 27, 2016 | $10.33 |
| Oct 2, 2016 | $10.33 | Oct 4, 2016 | $10.33 |
| Oct 9, 2016 | $10.33 | Oct 9, 2016 | $10.33 |
| Oct 16, 2016 | $10.33 | Oct 17, 2016 | $10.33 |
| Oct 23, 2016 | $0.00 | ||
| Oct 30, 2016 | $5.17 | Nov 8, 2016 | $5.17 |
| Nov 6, 2016 | $5.17 | Nov 8, 2016 | $5.17 |
| Nov 13, 2016 | $5.17 | Nov 8, 2016 | $5.17 |
| Nov 20, 2016 | $0.00 | ||
| Nov 27, 2016 | $0.00 | ||
| Dec 4, 2016 | $2.58 | Dec 10, 2016 | $2.58 |
| Dec 11, 2016 | $2.58 | Dec 10, 2016 | $2.58 |
| Dec 18, 2016 | $2.58 | Dec 10, 2016 | $2.58 |
| Dec 25, 2016 | $2.58 | Dec 10, 2016 | $2.58 |
| Jan 1, 2017 | $0.00 | ||
| Jan 8, 2017 | $0.00 | ||
| Jan 15, 2017 | $0.00 | ||
| Jan 22, 2017 | $0.00 | ||
| Jan 29, 2017 | $0.00 | ||
| Feb 5, 2017 | $2.84 | Feb 2, 2017 | $2.84 |
| Feb 12, 2017 | $2.84 | Feb 2, 2017 | $2.84 |
| Feb 19, 2017 | $2.84 | Feb 2, 2017 | $2.84 |
| Feb 26, 2017 | $2.84 | Feb 2, 2017 | $2.84 |
| Mar 5, 2017 | $2.84 | Mar 4, 2017 | $2.84 |
| Mar 12, 2017 | $2.84 | Mar 4, 2017 | $2.84 |
| Mar 19, 2017 | $0.00 | ||
| Mar 26, 2017 | $0.00 | ||
| Apr 2, 2017 | $0.00 | ||
| Apr 9, 2017 | $2.58 | Apr 7, 2017 | $2.58 |
| Apr 16, 2017 | $2.58 | Apr 21, 2017 | $2.58 |
| Apr 23, 2017 | $2.58 | Apr 21, 2017 | $2.58 |
| Apr 30, 2017 | $0.00 | ||
| May 7, 2017 | $0.00 | ||
| May 14, 2017 | $0.00 | ||
| May 21, 2017 | $2.84 | May 16, 2017 | $2.84 |
| May 28, 2017 | $0.00 | ||
| Jun 4, 2017 | $0.00 | ||
| Jun 11, 2017 | $0.00 | ||
| Jun 18, 2017 | $2.58 | Jul 8, 2017 | $2.58 |
| Jun 25, 2017 | $0.00 | ||
| Jul 2, 2017 | $0.00 | ||
| Jul 9, 2017 | $0.00 | ||
| Jul 16, 2017 | $0.00 | ||
| Jul 23, 2017 | $0.00 | ||
| Jul 30, 2017 | $0.00 | ||
| Aug 6, 2017 | $3.10 | Aug 7, 2017 | $3.10 |
| Aug 13, 2017 | $3.10 | Aug 7, 2017 | $3.10 |
| Aug 20, 2017 | $0.00 | ||
| Aug 27, 2017 | $0.00 | ||
| Sep 3, 2017 | $0.00 | ||
| Sep 10, 2017 | $0.00 | ||
| Sep 17, 2017 | $2.58 | Sep 24, 2017 | $2.58 |
| Sep 24, 2017 | $2.58 | Sep 24, 2017 | $2.58 |
| Oct 1, 2017 | $2.58 | Oct 11, 2017 | $2.58 |
| Oct 8, 2017 | $0.00 | ||
| Oct 15, 2017 | $0.00 | ||
| Oct 22, 2017 | $0.00 | ||
| Oct 29, 2017 | $0.00 | ||
| Nov 5, 2017 | $2.84 | Dec 6, 2017 | $2.84 |
| Nov 12, 2017 | $0.00 | ||
| Nov 19, 2017 | $0.00 | ||
| Nov 26, 2017 | $0.00 | ||
| Dec 3, 2017 | $0.00 | ||
| Dec 10, 2017 | $0.00 | ||
| Dec 17, 2017 | $0.00 | ||
| Dec 24, 2017 | $2.58 | ||
| Dec 31, 2017 | $2.58 | ||
| Jan 7, 2018 | $2.58 | ||
| Jan 14, 2018 | $2.58 | ||
| Jan 21, 2018 | $2.58 | ||
| Jan 28, 2018 | $2.58 | ||
| Feb 4, 2018 | $2.58 | ||
| Feb 11, 2018 | $2.58 | ||
| Feb 18, 2018 | $2.58 | ||
| Feb 25, 2018 | $2.58 | ||
| Mar 4, 2018 | $2.58 | ||
| Mar 11, 2018 | $2.58 | ||
| Mar 18, 2018 | $2.58 | ||
| Mar 25, 2018 | $2.58 | ||
| Apr 1, 2018 | $2.58 | ||
| Apr 8, 2018 | $2.58 | ||
| Apr 15, 2018 | $2.58 | ||
| Apr 22, 2018 | $2.58 | ||
| Apr 29, 2018 | $2.58 | ||
| May 6, 2018 | $2.58 | ||
| May 13, 2018 | $2.58 | ||
| May 20, 2018 | $2.58 | ||
| May 27, 2018 | $2.58 | ||
| Jun 3, 2018 | $2.58 | ||
| Jun 10, 2018 | $2.58 | ||
| Jun 17, 2018 | $2.58 | ||
| Jun 24, 2018 | $2.58 | ||
| Jul 1, 2018 | $2.58 | ||
| Jul 8, 2018 | $2.58 | ||
| Jul 15, 2018 | $2.58 | ||
| Jul 22, 2018 | $2.58 | ||
| Jul 29, 2018 | $2.58 | ||
| Aug 5, 2018 | $2.58 | ||
| Aug 12, 2018 | $2.58 | ||
| Aug 19, 2018 | $2.58 | ||
| Aug 26, 2018 | $2.58 | ||
| Sep 2, 2018 | $2.58 | ||
| Sep 9, 2018 | $2.58 | ||
| Sep 16, 2018 | $2.58 | ||
| Sep 23, 2018 | $2.58 | ||
| Sep 30, 2018 | $2.58 | ||
| Oct 7, 2018 | $2.58 | ||
| Oct 14, 2018 | $2.58 | ||
| Oct 21, 2018 | $2.58 | ||
| Oct 28, 2018 | $2.58 | ||
| Nov 4, 2018 | $2.58 | ||
| Nov 11, 2018 | $2.58 | ||
| Nov 18, 2018 | $2.58 | ||
| Nov 25, 2018 | $2.58 | ||
| Dec 2, 2018 | $2.58 | ||
| Dec 9, 2018 | $2.58 | ||
| Dec 16, 2018 | $2.58 | ||
| Dec 23, 2018 | $2.58 | ||
| Dec 30, 2018 | $2.58 | ||
| Jan 6, 2019 | $2.58 | ||
| Jan 13, 2019 | $2.58 | ||
| Jan 20, 2019 | $2.58 | ||
| Jan 27, 2019 | $2.58 | ||
| Feb 3, 2019 | $2.58 | ||
| Feb 10, 2019 | $2.58 | ||
| Feb 17, 2019 | $2.58 | ||
| Feb 24, 2019 | $2.58 | ||
| Mar 3, 2019 | $2.58 | ||
| Mar 10, 2019 | $2.58 | ||
| Mar 17, 2019 | $2.58 | ||
| Mar 24, 2019 | $2.58 | ||
| Mar 31, 2019 | $2.58 | ||
| Apr 7, 2019 | $2.58 | ||
| Apr 14, 2019 | $2.58 | ||
| Apr 21, 2019 | $2.58 | ||
| Apr 28, 2019 | $2.58 | ||
| May 5, 2019 | $2.58 | ||
| May 12, 2019 | $2.58 | ||
| May 19, 2019 | $2.58 | ||
| May 26, 2019 | $2.58 | ||
| Jun 2, 2019 | $2.58 | ||
| Jun 9, 2019 | $2.58 | ||
| Jun 16, 2019 | $2.58 | ||
| Jun 23, 2019 | $2.58 | ||
| Jun 30, 2019 | $2.58 | ||
| Jul 7, 2019 | $2.58 | ||
| Jul 14, 2019 | $2.58 | ||
| Jul 21, 2019 | $2.58 | ||
| Jul 28, 2019 | $2.58 | ||
| Aug 4, 2019 | $2.58 | ||
| Aug 11, 2019 | $2.58 | ||
| Aug 18, 2019 | $2.58 | ||
| Aug 25, 2019 | $2.58 | ||
| Sep 1, 2019 | $2.58 | ||
| Sep 8, 2019 | $2.58 | ||
| Sep 15, 2019 | $2.58 | ||
| Sep 22, 2019 | $2.58 | ||
| Sep 29, 2019 | $2.58 | ||
| Oct 6, 2019 | $2.58 | ||
| Oct 13, 2019 | $2.58 | ||
| Oct 20, 2019 | $2.58 | ||
| Oct 27, 2019 | $2.58 | ||
| Nov 3, 2019 | $2.58 | ||
| Nov 10, 2019 | $2.58 | ||
| Nov 17, 2019 | $2.58 | ||
| Nov 24, 2019 | $2.58 | ||
| Dec 1, 2019 | $2.58 | ||
| Dec 8, 2019 | $2.58 | ||
| Dec 15, 2019 | $2.58 | ||
| Dec 22, 2019 | $466.29 | ||
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