Loan for starting a mobile-phone business

Caleb

Accra, Ghana

42% repaid

Entrepreneur

Name

Caleb

Member since

May 2015

On-time repayments

91 installments  •  24%

About Me

I am a young graduate from a humble background, blessed with business ideas and looking forward to establishing my own company. Due to financial difficulties, I have currently established a recreational centre (having one table tennis board) in a rural area in Ho, where kids have no form of entertainment (thereby gambling instead). The loans I receive from Zidisha would be a stepping stone to realizing my dreams and my road to financial independence. I love listening to music and singing. Thanks a lot!

My Business

I am currently establishing a recreational centre in a town in Ho, where the children have no form of entertainment (thereby gambling instead). I currently have a table tennis board operating, and, with the loan I receive, I hope to add a soccer board to my collection. The board costs 750 Ghanaian cedis, plus transport to Ho. I plan to reinvest the money I make into other businesses like my shoe brand and real estate (yet to be established).

Loan Proposal

I am a dealer in all kinds of phones.  I provide this service at a moderate price to help save money and encourage savings. I buy the phones in bulk which enables the price to be reduced or sold out at a wholesale price. The main reason why I decided to do this business is because, phones have become an integral part of everyday living and hence very expensive(if you want a smart phone) and u think it could be a lucrative venture to enter. With my business we provide the phones at an affordable price for even the low income earner to afford. I seek to invest $119 and I am anticipating a profit of  $71 .With this profit, I plan on helping a friend of mine who is hard up with money but currently in school and send some money to my mom.

Show original English  

About Me

I am a young graduate from a humble background, blessed with business ideas and looking forward to establish my own company. Due to financial difficulties, i have currently established a recreational centre (having one table tennis board)in a rural area in Ho where the kids have no form of entertainment thereby gambling instead. The loans I recieve from Zidisha, would be a stepping stone to realizing my dreams and my road to financial independence. I love listening to music and singing. Thanks alot

My Business

I am currently establishing a recreational centre in a town in Ho, where the children have no form of entertainment thereby gambling instead. I currently have a table tennis board operating, and with the loan i receieve, hope to add a soccer board to my collection. The board costs 750 cedis plus transport to Ho. I plan of reinvesting the money i make into other businesses like my shoe brand, mobile phone business and real estate(yet to establish).

Loan Proposal

I am a dealer in all kinds of phones.  I provide this service at a moderate price to help save money and encourage savings. I buy the phones in bulk which enables the price to be reduced or sold out at a wholesale price. The main reason why I decided to do this business is because, phones have become an integral part of everyday living and hence very expensive(if you want a smart phone) and u think it could be a lucrative venture to enter. With my business we provide the phones at an affordable price for even the low income earner to afford. I seek to invest $119 and I am anticipating a profit of  $71 .With this profit, I plan on helping a friend of mine who is hard up with money but currently in school and send some money to my mom.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$94.00

Date disbursed

May 20, 2017

Repayment status

Late

Projected term

17 months

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