Stocking electrical and electronic shop with hardware compo

Lawal Mohammed

Kumasi, Ghana

100% repaid

Entrepreneur

Name

Lawal Mohammed

Member since

September 2020

On-time repayments

8 installments  •  25%

About Me

My name is Lawal Mohammed Abubakar.I come from Ghana.I had my tertiary level of education at Technical Teachers College of Education located at Mampong Ashanti. I graduated as fully trained Teacher. I served for 7 years in a government basic School. I furthered to the University of Education Winneba where I offered Bsc Electrical/Electronic Technology of Education as a programme of study .

My Business

I have established both Electrical and Electronic Shops that deals in the sale of both Electrical and Electronic parts.
Electrical parts include Electrical cables for domestic installations, lamp holders, Electrical wall sockets, Electrical switches and other accessories needed for electrical projects.
Electronic shops deals in the sales of basic electronic components such as Capacitors, resisters, ic, transistors, soldering iron, breadboards, and other accessories needed for electronic project works.

Loan Proposal

I have established both an Electrical and Electronis Shops that deals in the sale of Electrical and Electronic parts. Most of the parts are in shortage due to high demand .For example, electronic parts that are needed for students project works . Example is the microcontroller board called arduino uno which are programmed with the help of a computer in designing different projects works for most students in the technical universities offering Electronics and Electricals.
For the Electrical shops,most of the cables especially the 2.5mm used for domestic installation for the wall sockets are on highdemand ,decorative lamps for home lighting are also on high demand.

Income Source

I ran more than one bussiness, I am also a trained Technical Education Teacher who is paid on payroll by a government,and as such ,I have enough savings in my bank account to withstand any future risks.
I also service faulty electronic appliances such as television,radios ,lamps,Audio amplifiers which offers me income daily.
I also design and sell projects that sells in the local markets.For example cheap led lamps using cheap local material ,locally made Extension Multi Sockets desgned and constructed on a wooden base with high quality electrical Cables .

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$13.00

Date disbursed

Oct 7, 2020

Repayment status

On Time

Projected term

1 week

Lenders

Paul Buchheit

Mountain View, United States

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  • Lawal Mohammed    May 23, 2021

    My income has reduced drastically due to poor sales. I have tried my best to get things on track but no lack. It started 5months ago and I am unable to recover till date. I am almost running bankrupt. I am therefore looking forward for an alternate business to sustainability.
    Sorry for the delay in paying off my loan and it is not deliberate.

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  • Kenneth    Apr 22, 2021

    I have called him several times, but I could not pick my calls

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  • Lawal Mohammed    Mar 2, 2021

    I was able to buy the following Electrical equipments such as electrical sockets, lamp holders, CFL bulbs in stocking my Electrical shop.

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  • Kenneth    Jan 30, 2021

    I spoke with one of the reference Sadatu Abubakar , but she promised to talk to him and call back.

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  • Lawal Mohammed    Nov 29, 2020

    I have sucessfully used the loan amount to purchase Electrical Insulation Cable 2.5mm lamp holders ,MultiSockets,and Soldering iron

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  • Lawal Mohammed    Nov 23, 2020

    I am very thankful for the financial support offered to me by my lenders.I have successfully bought some wall socket switches,multimeter and soldering iron.

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  • Babbitt Family Foundation    Nov 19, 2020

    Good luck with your new venture!

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  • Lawal Mohammed    Oct 11, 2020

    I am very grateful with much appreciation and thanks to my lenders. God richly bless you in abandance . I have successfully bought an arduino uno board which in high demand for students for project work . I am hopeful to buy and sell more as the demand is high.

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