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

None

None

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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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  • Gideon    Dec 4, 2018

    Hello Lenders, my invitee has a few challenges with finances lately and would need some time to sort out the outstanding debts. Thanks for your consideration

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  • Gideon    Oct 5, 2018

    Hello Lenders, I have recently spoken to Caleb. Business hasn't been booming as it used to be and as such has led to some constraints with the payment of the loan. However, he has promised to resume payments shortly and to settle the outstanding debts. Thank you so much for your patience

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  • Caleb    Jun 3, 2017

    I would like to reduce my loan repayment due to a few challenges in acquiring the new batch of mobile phones meant for sale. I would increase my repayment amount as soon as i am cleared. Thank you

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  • Caleb    May 17, 2017

    This loan would help me startup my mobile phone business and earn a living. The profit would help me to send some money to my friend who is having challenges and also send money to my mum. Thank you lenders for funding my loan, I am most grateful.

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  • Caleb    Feb 22, 2016

    Hello lenders,
    Sorry for the late payment. This is honestly a misunderstanding and i plan to rectify it very soon. Sorry for the inconvenience

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  • Caleb    Nov 9, 2015

    Hello Lenders,
    So business has being a bit slow and lots of pressure has being mounting up on me financially in terms of unfolding events like the death of my brother, a friend, etc. I have paid GHS58, as we speak now but it takes days before it is captured by your system. So no worries, I'm left with GHS 41 more to finish paying my loan. Thanks guys

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  • Caleb    Oct 3, 2015

    Love u all lenders, for the opportunity you have given me. Have a nice day

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  • Caleb    Sep 28, 2015

    Business is booming. Thanks to U Lenders. God bless u

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  • Caleb    Sep 2, 2015

    Hello lenders, its a glorious day and I can smile because business looks promising and full of adventure. Thanks alot for your selflessness. God bless u

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  • Caleb    Aug 17, 2015

    Thanks alot lenders, I have received my loan and have already put it to good use. thanks alot again

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