To expand my mobile phone business

Boakye Yiadom Emmanuel

Berekum, Ghana

71% repaid

Entrepreneur

Name

Boakye Yiadom Emmanuel

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

THANKS AGAIN TO MY LENDERS WHO HELPED ME WITH MY FIRST LOAN.I AM HERE ONCE AGAIN TO SEEK FOR YOUR HELP TO EXPAND MY MOBILE PHONE BUSINESS. I WILL USE USD 40 TO BUY RECHARGE CARDS TO MY SHOP. I WILL USE USD 60 TO BUY SIM CARDS FOR MY SHOP AND USD 30 TO GET TILES TO DECORATE MY SHOP.CUSTOMERS KEEP ASKING ME ABOUT SIM CARDS AND RECHARGE CARDS SO I HAVE REALIZE IT TO BE A MOVING BUSINESS AND I WANT TO ADD IT TO MY BUSINESS.I AM EXPECTING MY PROFIT TO MOVE TO 80 PERCENT WHEN I GET HIS LOAN.THANK YOU.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$194.25

Date disbursed

Dec 7, 2015

Repayment status

Late

Projected term

9 months

Cost to entrepreneur

Service fee: $9.75

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