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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Summary

Amount repaid

$39.70

Amount remaining

$54.71

Expected completion

Oct 29, 2018

Status

Repaying late

Installment amount

$1.21

Repayment History

Expected Payments Actual Payments
May 29, 2017 $4.84 May 29, 2017 $4.84
Jun 5, 2017 $1.21 Jun 5, 2017 $1.21
Jun 12, 2017 $1.21 Jun 12, 2017 $1.21
Jun 19, 2017 $1.21 Jun 20, 2017 $1.21
Jun 26, 2017 $1.21 Jun 27, 2017 $1.21
Jul 3, 2017 $1.21 Jul 4, 2017 $1.21
Jul 10, 2017 $1.21 Jul 12, 2017 $1.21
Jul 17, 2017 $1.21 Jul 17, 2017 $1.21
Jul 24, 2017 $1.21 Jul 24, 2017 $1.21
Jul 31, 2017 $1.21 Aug 2, 2017 $1.21
Aug 7, 2017 $1.21 Aug 11, 2017 $1.21
Aug 14, 2017 $1.21 Aug 29, 2017 $1.21
Aug 21, 2017 $1.21 Aug 29, 2017 $1.21
Aug 28, 2017 $1.21 Aug 29, 2017 $1.21
Sep 4, 2017 $1.21 Nov 10, 2017 $1.21
Sep 11, 2017 $1.21 Nov 10, 2017 $1.21
Sep 18, 2017 $1.21 Nov 10, 2017 $1.21
Sep 25, 2017 $1.21 Nov 10, 2017 $1.21
Oct 2, 2017 $1.21 Nov 15, 2017 $1.21
Oct 9, 2017 $1.21 Nov 15, 2017 $1.21
Oct 16, 2017 $1.21 Nov 15, 2017 $1.21
Oct 23, 2017 $1.21 Nov 15, 2017 $1.21
Oct 30, 2017 $1.21 Nov 15, 2017 $1.21
Nov 6, 2017 $1.21 Nov 15, 2017 $0.97
Jan 14, 2018 $0.24
Nov 13, 2017 $1.21 Jan 14, 2018 $1.21
Nov 20, 2017 $1.21 Jan 14, 2018 $1.21
Nov 27, 2017 $1.21 Jan 14, 2018 $1.21
Dec 4, 2017 $1.21 Jan 14, 2018 $1.21
Dec 11, 2017 $1.21 Jan 14, 2018 $1.21
Dec 18, 2017 $1.21 Jan 14, 2018 $0.97
Dec 25, 2017 $1.21
Jan 1, 2018 $1.21
Jan 8, 2018 $1.21
Jan 15, 2018 $1.21
Jan 22, 2018 $1.21
Jan 29, 2018 $1.21
Feb 5, 2018 $1.21
Feb 12, 2018 $1.21
Feb 19, 2018 $1.21
Feb 26, 2018 $1.21
Mar 5, 2018 $1.21
Mar 12, 2018 $1.21
Mar 19, 2018 $1.21
Mar 26, 2018 $1.21
Apr 2, 2018 $1.21
Apr 9, 2018 $1.21
Apr 16, 2018 $1.21
Apr 23, 2018 $1.21
Apr 30, 2018 $1.21
May 7, 2018 $1.21
May 14, 2018 $1.21
May 21, 2018 $1.21
May 28, 2018 $1.21
Jun 4, 2018 $1.21
Jun 11, 2018 $1.21
Jun 18, 2018 $1.21
Jun 25, 2018 $1.21
Jul 2, 2018 $1.21
Jul 9, 2018 $1.21
Jul 16, 2018 $1.21
Jul 23, 2018 $1.21
Jul 30, 2018 $1.21
Aug 6, 2018 $1.21
Aug 13, 2018 $1.21
Aug 20, 2018 $1.21
Aug 27, 2018 $1.21
Sep 3, 2018 $1.21
Sep 10, 2018 $1.21
Sep 17, 2018 $1.21
Sep 24, 2018 $1.21
Oct 1, 2018 $1.21
Oct 8, 2018 $1.21
Oct 15, 2018 $1.21
Oct 22, 2018 $1.21
Oct 29, 2018 $1.21

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