Buy mobile phones and chargers for retail shop
Owusu
Central Of Accra, Ghana
8% repaid
Entrepreneur
Name
Owusu
Member since
June 2014
On-time repayments
303 installments • 9%
About Me
My name is Owusu Koduah Koranteng. l was born in 5th,May, 1983 to Mr. and Mrs. Koduah Koranteng.at Accra, Capital of Ghana, West-Africa.l live in central of Accra. .l attend church at Christian Faith Ministry.Am a born again Christian, and hardworking. I am second born in a family of four. l completed my primary school and later continue to finished both Junior and Senior High school. When l finished school due to financial difficulties l decided to set up my own business. Now l have been able to own my own shop in which l sell mobile phones and accessories. Managing a my mobile phone store is the primary source of income for me.l have been engaged in this business for almost 4years now and l earns approximately GHC700 TO GHC1000. My hobbies are reading, dancing, and visiting orphans. I used part of the money generated for expansion of the business, give some to orphans, save some and give my mother who is not working some to give a good education to my Junior sisters.
My Business
My business is selling new mobile phones and mobile accessories in a shop to my customers. I have another branch that deal with the same mobile phones and accessories. My vision is to open more mobile phones shop in my country and offer affordable phones even poor people will also get phones to use.Also l want to employ more people in order to reduce unemployment situation in my country. My customers prefer my goods to others because my price are normal . Due to that there are a lot of people who always come to buy from me .Sometimes my competitors said l use JUJU to sell my goods which l do believe that is not true but because my price are cheaper than their own . The risks are lack of security and competitors.
I buy phones on wholesale and sell at retail price .My business is profitable and sometime I receive profit of GHC700 to GHC1000 . My profit and income will only increase with your support.l need Larger amounts of capital to expand my business. When you assist me l will add more stock to my business, open more branches ,employ more people to reduce unemployment problem in my country and offer affordable phones to my customers that will attract more customers. Thank you.
Loan Proposal
l would like to thank all the Lenders for the support you gave me.l am applying my third loan to buy phone charges ,batteries ,mobile phones and so on.These will enable me to serve my customers more efficiently and will help me provide quality services. also it will help me to increase my income and profit.
The first and second loan assisted me to add more phone covers and phone batteries to my business and with my second loan l will add 90 pieces of phone charges . cost GHC 270 .Universal phone charges 100 .cost GHC 400 and 20mobile phone cost GHC1000 . to satisfy and meet the demands of my customers. l make profit from this business which l know l will be able to repay my loan if you lend to me. My profit and income will only increase with your support. When you assist me l will add more stock to my business, open more branches ,employ more people to reduce unemployment problem in my country and offer affordable phones to my customers that will attract more customers. With the loan from lenders my mobile phone and mobile accessories sales will increase and l will make more profit . Please lenders l am asking for your help so that my enterprise will be come successful.
It is truly appreciated and I will definitely pay my loan back on time. Thanks again.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$490.00
Date disbursed
Feb 9, 2015
Repayment status
Late
Projected term
67 months
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