Entrepreneur
Name
Solomon
Member since
September 2017
On-time repayments
16 installments • 100%
About Me
after school. it wasn't easy to get employment, moving from one office to the other was the order of the day.but then, I realized that I can do something that will of benefit to me and the family and immediate environment in which I live. so i decided to do something on my own. the stipend i saved during my national service was used to start this business.
where i live people have to walk some distance before getting themselves an airtime.
i would like have a good family therefore the need to work hard.
i love to swim during leisure.
My Business
I sell recharge cards, EVD(airtime) and a mobile money merchant.
these goods are useful in demand because people buy airtime and do redraws.
i choose this kind of business based on my location and thinking what people need most but in supply.
the cost involved in this business is buying of the recharge cards and revenue is generated after selling these cards to my clients.
i always try to reinvest the profit so that i can grow the business.
Loan Proposal
I WOULD LIKE TO BUY ITEMS TO SELL AT MY SHOP IN ORDER TO EARN INTEREST TO REPAY THE BORROWED AMOUNT.
RECHARGE CARDS $80
EVD $100
THIS WILL HELP ME MAKE PROFIT IN ORDER TO CATER FOR MYSELF AND THE IMMEDIATE FAMILY.
I AM EXPECTING TO GET A 40% INCREASE IN PROFIT SINCE THE DEMAND FOR RECHARGE CARDS NOW IS HIGH.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$172.00
Date disbursed
Feb 17, 2018
Repayment status
On Time
Projected term
6 weeks
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Summary
Amount repaid
$172.81
Amount remaining
$0.00
Date repaid
Mar 28, 2018
Status
Fully repaid
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Feb 27, 2018 | $33.62 | Feb 23, 2018 | $33.62 |
| Mar 6, 2018 | $33.62 | Mar 5, 2018 | $33.62 |
| Mar 13, 2018 | $33.62 | Mar 13, 2018 | $33.62 |
| Mar 20, 2018 | $33.62 | Mar 28, 2018 | $33.62 |
| Mar 27, 2018 | $33.62 | Mar 28, 2018 | $33.62 |
| Apr 3, 2018 | $4.71 | Mar 28, 2018 | $4.71 |
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