To expand my mobile phone business

Boakye Yiadom

Berekum, Ghana

100% repaid

Entrepreneur

Name

Boakye Yiadom

Member since

May 2015

On-time repayments

61 installments  •  66%

About Me

I AM EMMANUEL BOAKYE YIADOM. I CAME TO THIS WORLD WITH SORROW STRAIGHT FROM BIRTH BECAUSE MY MUM GOT DEAD WHEN SHE WAS GIVING BIRTH TO ME TO AND MY DAD GAVE ME TO MY STEPMOTHER TO TAKE CARE OF ME BUT BECAUSE I WASN'T HER BIOLOGICAL SON SHE DIDN'T TAKE GOOD CARE OF ME AT ALL TO THE EXTEND THAT SENDING ME TO SCHOOL BECAME A PROBLEM,MONEY FOR FOOD BECAME A PROBLEM AND EVEN CLOTH TO WEAR WERE ALL PROBLEM. IT WASN'T EASY BUT THROUGH THE HELP OF SOME FRIENDS AND AT TIMES MY DAD WHO WILL COME TO MY STEPMOTHER TO GIVE US MOTHER I WOULDN'T HAVE COMPLETED SCHOOL. BY GODS GRACE AFTER SCHOOL I FOLLOWED MY FRIEND WHO WAS SELLING SECOND HAND CLOTH AND HE GAVE ME MONEY TO START SELLING SOME OF THE CLOTH SO IT WAS THROUGH THIS WORK THAT I GOT SOME CAPITAL TO START MY OWN WORK. WHICH IS SELLING OF MOBILE PHONES AND ACCESSORIES.

My Business

I AM SELLING MOBILE PHONES AND ACCESSORIES.PEOPLE HERE COME TO BUY PHONES AND ACCESSORIES BECAUSE IT IS EASY FOR THEM TO GET INFORMATION FROM THEIR LOVED ONES.IT GIVES THEM JOB OPPORTUNITIES AND MANY OTHERS.I CHOSE THIS KIND OF BUSINESS BECAUSE I KNOW PEOPLE HERE TRAVEL TO ANOTHER TOWN TO BUY PHONES AND ACCESSORIES SO I WAS THE ONLY PERSON DOING THIS KIND OF WORK AND PEOPLE HERE PATRONIZE IT WELL. I WILL USE MY PROFIT TO EXPAND THE BUSINESS.

Loan Proposal

I NEED THIS LOAN TO BUY MORE MOBILE PHONES AND ACCESSORIES TO WHAT I AM HAVING NOW BECAUSE PEOPLE ARE PATRONIZING AND I NEED TO EXPAND THE BUSINESS.WHEN I AM ABLE TO GET THIS LOAN IT WILL HELP ME A LOT BECAUSE ANY TYPE OF PHONE THAT ANYBODY WILL COME AND ASK TO BUY I CAN GET FOR HIM OR HER.

Feedback

None

None

None

Loan Info

Project Type

Classic Loan

Disbursed amount

$100.00

Date disbursed

Jun 25, 2015

Repayment status

On Time

Projected term

4 months

Other loans

Lenders

PG

Paul Graham

United States

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  • Appiah    Nov 12, 2016

    I visited Mr Yiadom to inquire about her sudden inability to continue repayments and he admitted that, business has really slowed down. I advised him to reduce his repayment amount to enable him continue the good work that he started and he agreed with me to do just that.

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  • Boakye Yiadom    Dec 3, 2015

    thanks to you my lenders and zidisha for your support,

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  • Boakye Yiadom    Nov 23, 2015

    i thank all my lenders for supporting my business to grow,my first loan really help boost my business a lot by increasing my profit to a level which i really like,and through that i was able to pay my loan and i am here to apply for new one and once again thank to you all.

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  • Joshua    Sep 6, 2015

    Wow awesome, you are doing very well but needs to update your lenders how your business is doing from time to time. Thank you

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  • Boakye Yiadom    Jul 3, 2015

    thank you very much for the loan been given to me,i will soon start purchasing more phones and accessories to my shop and i will start my weekly payment as soon as possible,thank you

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  • Joshua    Jun 28, 2015

    Congratulations to you for getting your loan. Help us make zidisha the first on line microfinance. Make sure you make your payments in time and if facing any challenge let us know. You can reschedule your payments at anytime. All the best

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  • Boakye Yiadom    Jun 25, 2015

    i will buy more phones and accessories to my shop and it will help me a lot because it will increase my profit and my customers will be happy because everything about phones they will get at my shop.I am most grateful to my lenders for accepting my loan proposal.God bless you all.

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  • Joshua    Jun 16, 2015

    Please work on your pictures. They like a picture you smile and also the proposal have to be detail. State in dollars the cost involved in buying the phone. All the best

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