Stock of phone credit cards

Monica

Accra, Ghana

Expired

$388 to go

60% funded of $970 goal

0

days left

Entrepreneur

Name

Monica

Member since

December 2014

On-time repayments

151 installments  •  78%

About Me

I was previlage to have basic education through to the secondary level which I completed in may 2004,
I travel to the city where I got employed as a sales girl in mobile recharge cards.
it was here that I got the idea of starting something of my own because the income i get as a worker was not enough for me ,so I bought the shop I worked in when my employer put it on sale with the little I saved; maintaining my customers.
though i am now into a full time self employed in the telephony sector as a retailer in recharge card, i have the dream of one day taking distance course in business administration to better myself, my childhood dream i will accomplish one day.
I see this as a step closer to that dream with a stable financial backings.

My Business

My stay in business for the past year is good after the initial battle with keeping customers and staying in business.
The sale of recharge cards is fast moving venture with a low profit margin hence requires much attention and time and these cards are used by almost everybody on daily basis hence the assurance to your regaining of capital invested worst being breakeven.
This has prompt me to adding the sale of phone accessories which they (customers) ask of many a time.
I have a kid and a brother at the basic and secondary education sector respectively who depend on this recharge business.
Its a great relief to hear of this online lending and i hope to a brighter business with this opportunity.
hope this loan too is funded on time to cushion me to my dreams.

Loan Proposal

One step in life automatically give a sense of direction as to where the next step should be planted. the previous loans i took gradually laid the foundation to a now blossom and a youthful business that aims at providing customers with easy access to making their daily and business calls.
i have used previous loans to making available rechargeable credit cards to customers and now the demand for such products from me is very high which i need a large capital base to be able to met the demands of these growing customers.
at first i miss the bulk purchase discount offered by my suppliers but for these loans i was able to enjoy such discounts, this particular loan is crucial to help me maintain the enjoyment of such benefits and also to help me get some of the products in an advance where they (suppliers) require that a make an initial deposit and the give me goods in advance which are payable the next day after delivery.
I will inject this loan into this new deal where i will make an initial payment to get my products in advance hence the availability of my products to customers at all times of my business hours. this will go a long way to prevent the issue of shortage stock and increase my profit margin since no customer will have to leave with their monies as a result of shortage.
the progress of this business would have been blunt without the relentless efforts of Lenders on this platform.
I once again call on all and sundry to help raise this loan and become shareholders of this business which now strive on your lending benevolence.
Welcome to all new and continue Lenders to this business.

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Loan Info

Project Type

Classic Loan

Amount requested

$970.00

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