Name
Solomon
Member since
January 2014
On-time repayments
21 installments • 76%
A Senior High Teacher and Book Seller who holds a Bachelor of Science in Mathematics and belongs to a family of of five, the last of his siblings.I live in Prampram behind the Anglican School.Started the selling of books to people especially students but now the sale of calculators and MTN mobile money transactions(SENDING AND WITHDRAWALS OF MONEY) so as bring to the door step of both students and teachers good and relevant books and services both on campus and off campus.
The payment of books bought by students is primarily paid on installment basis to ease financial pressure on parents.
the mobile money business also makes it easier for parents and guardians to send money via my office to their wards.
Fortunately,students and other customers rightly obey the terms of reference and pays in time.they also introduce new friends to take the opportunity of purchasing good books and calculators with a flexible term of payment .
With reference to above, my occupation as a teacher and a book seller,calculator and mobile money transaction, I would like to say without any hesitation that, the source of income for the repayment of the loan if granted will be form two(2) sources. one(1) is my monthly salary and two(2) is from the profits form the sale of my books that is no ploughback for profit in the interim that is the loan repayment period.
There is demand for my books and the services as the books serve the immediate needs of the students, present ways and methods examiners put questions during examinations.These and other cocktail of facts about my books and business for academic excellence puts me a bit ahead of my competitors.
The loan when granted would be invested in the book sale business in order to increase the stock at any particularly point in time so as not to move t move to and fro on very short occasions to replenish. if there are books all the time , it increases customer's belief of supply all the time.Since every business or market deals with competitors all the time, the loan will cushion me a bit ahead financially(purchasing power) and also ready availability of books as books needed by students and other customers would be supplied in time without nay delay.this I belief will put ahead of my competitors as far as sale of similar books are concern.
Positive
2
Neutral
None
Negative
None
Project Type
Classic Loan
Disbursed amount
$250.00
Date disbursed
Feb 2, 2014
Repayment status
On Time
Projected term
7 months
Ask Solomon a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.
Loading...