Stock of rechargeable cards and other Internet vouchers
Monica
Accra, Ghana
100% repaid
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
i have used loans raised from this platform to establish my sales of phone recharge cards and now my shop is a popular place where customers come for such needs.
Now there is a high demand for internet vouchers which i intend upon the successful raising of this loan will start the selling of such vouchers as surfline, busy internet and others internet service providers.
In simple terms, i will use about 30% of this loan into the new product on demand i. e internet vouchers and the remaining 70% into the sales of phone credit cards which has an already booming customers demand.
the returns on the sales of phone cards is variably depended on the rate at which you retail to customers and reimburse from the bulk dealers as your capital and and sales is the unit in which your discounts are determined.
all interest accrued from previous loans have stayed in the business and to support my daily expenses.
i would not have gotten this far in business without your generous contribution as shareholders. i once again look up to you as my financiers to making my place a shopping center for my customers.
Feedback
Positive
4
Neutral
None
Negative
None
Loan Info
Project Type
Classic Loan
Disbursed amount
$736.00
Date disbursed
Nov 21, 2016
Repayment status
On Time
Projected term
4 months
Other loans
Lenders
Amsterdam, Netherlands
Fontvielle, Monaco, Yemen
Austin, United States
Joliet, United States
United States
Canada
Duisburg, Germany
Austin, United States
United Kingdom
Marburg, Germany
United States
United States
United States
United States
United States
United States
Germany
Australia
United States
Bonn, Germany
Kalamazoo, Michigan, United States
United States
Belgium
London, United Kingdom
Germany
United States
United States
Australia
Recife, Brazil
United States
Seattle, United States
United States
United States
United States
United States
United States
United States
United States
United States
Germany
United States
United Kingdom
United States
United States
Belgium
United Kingdom
Canada
United States
Canada
Singapore
Germany
United States
United States
United States
United Kingdom
Germany
Bishop Gorman High School Micro Bank
Las Vegas, United States
United States
United States
United States
Germany
Hong Kong
United States
Amsterdam, Netherlands
United States
Bruno Sanchez-Andrade Nuño (brunosan)
United States
United States
Franklin, TN, United States
Miss Ritchies Social Studies 10 Class
Edmonton, Canada
United States
United States
Qatar
United Kingdom
Denmark
United States
United States
United States
Ask Monica a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.
Loading...