Purchase of recharge cards for retailing

Debora Balon

Zebilla, Ghana

13% repaid

Entrepreneur

Name

Debora Balon

Member since

October 2016

On-time repayments

75 installments  •  8%

About Me

I am in the person of Debora Balon Moitun. The second born of my family. I have faced many challenges and hardships in my life after the death of my father, the bread winner of the family. I had to go to school without food sometimes. Through these hardships, I never let myself down but fought hard to complete my junior high education. Currently, I am in second year of my secondary school education. This would not have been possible without my mother's support.

My Business

I started the business of retailing of recharge cards when I was in Junior High School. These recharge cards include MTN, Vodafone, Airtel and Tigo. The increasing number of people using mobile phones demand that recharge cards are bought in order to get connected to family and friends. It was based on this idea that I ventured into the the business. Though I am in school now but I still have care taker who is doing very great in the management of the business. It has help me paying for my school fees.

Loan Proposal

I will buy 20 pieces of MTN recharge cards, 10 pieces of Vodafone recharge cards and 10 pieces of Airtel recharge cards all valued at 40 US dollars. The stock will enable me generate income to support my education and also cater for my family members since it not easy for my mother alone to take care of the entire family. Some of the profit gotten will used to recapitalise the business for the business to grow.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$20.00

Date disbursed

Oct 31, 2016

Repayment status

Late

Projected term

17 months

Lenders

Paul Buchheit

Mountain View, United States

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