Recharge cards mobile money bitcoin exchange
Godwin Yaw Bush
New Achimota, Ghana
100% repaid
Entrepreneur
Name
Godwin Yaw Bush
Member since
January 2015
On-time repayments
192 installments • 100%
About Me
My name is Godwin Bush I am graduate of the University Of Ghana, with a first class honous i must say going through school was one of the most challenging task for me; coming from a family that is not that sound financially meant i had to struggle to see my self through school and to the glory of God i was able to achieve that fet. The challenges of paying my own tution fees made me think outside the box and also rewired my thinking and gave me the desire to create my own business, that will give employment to many of my kind. In line with this goal i started my first business when i was in school, that is the sales of recharge cards to students since it was a need and also i started rendering mobile money services; with hardwork and discpline i was able to grow the business and gave employment to other student on the different part of campus. I love reading and solving people's need.
My Business
My business is buying mobile phone recharge cards from the wholesale and selling it to the end user. I also serve as a merchant for moblie money services for most of the telecommunications companies where people can come and withdraw or send money. I also sell mobile phones to most of the people who cannot afford to buy it outright and therefore i allow them to pay for it on instalment. There is high demand for the credit cards and also the phones, i make an average of about 4% profit on all the sales i make and i plough back the profit into the business since i want to expand it to become a bigger firm that will employ many. I chose this line of business because communication has become a part of society and also there is the gradual shift from the traditional way of send cash to using mobile money services since it is safer , faster and more convenient also the potential for success is huge, since there is demand for these services
Loan Proposal
My previous loans were used to buy recharge cards and also mobile phones to sell on installment basis,I must admit I made a reasonable about of profit and I was able to set up another branch. Now with this loan I will still invest part of the money in buying more of the recharge cards,moblile money,in addition to this I want to invest part of it in providing bitcoin exchange service to people who use them in paying for goods and services online. Due to the advernt of this new technology of bitcoin where payment can be sent across boarders without much problem and lesser cost most businesses now prefer to pay for their wares through this means and therefore there is a huge demand for exchangers who can meet their demand. From my projection I will make 10% profit on each amount I send.
Feedback
Positive
1
Neutral
None
Negative
None
Loan Info
Project Type
Classic Loan
Disbursed amount
$1,010.00
Date disbursed
Aug 22, 2016
Repayment status
On Time
Projected term
24 months
Other loans
Lenders
Ask Godwin Yaw Bush a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.
Eric West Apr 25, 2019
Loading...