To expand my mobile phone business
Boakye Yiadom
Berekum, Ghana
71% 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
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.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$209.00
Date disbursed
Dec 7, 2015
Repayment status
Late
Projected term
9 months
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Summary
Amount repaid
$145.00
Amount remaining
$59.00
Expected completion
Sep 25, 2016
Status
Repaying late
Installment amount
$5.00
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Dec 20, 2015 | $5.00 | Dec 13, 2015 | $5.00 |
| Dec 27, 2015 | $5.00 | Dec 20, 2015 | $5.00 |
| Jan 3, 2016 | $5.00 | Dec 26, 2015 | $5.00 |
| Jan 10, 2016 | $5.00 | Jan 3, 2016 | $5.00 |
| Jan 17, 2016 | $5.00 | Jan 10, 2016 | $5.00 |
| Jan 24, 2016 | $5.00 | Jan 17, 2016 | $5.00 |
| Jan 31, 2016 | $5.00 | Jan 24, 2016 | $5.00 |
| Feb 7, 2016 | $5.00 | Jan 31, 2016 | $5.00 |
| Feb 14, 2016 | $5.00 | Feb 7, 2016 | $5.00 |
| Feb 21, 2016 | $5.00 | Feb 14, 2016 | $5.00 |
| Feb 28, 2016 | $5.00 | Feb 21, 2016 | $5.00 |
| Mar 6, 2016 | $5.00 | Feb 29, 2016 | $5.00 |
| Mar 13, 2016 | $5.00 | Mar 6, 2016 | $5.00 |
| Mar 20, 2016 | $5.00 | Mar 14, 2016 | $5.00 |
| Mar 27, 2016 | $5.00 | Mar 20, 2016 | $5.00 |
| Apr 3, 2016 | $5.00 | Apr 2, 2016 | $5.00 |
| Apr 10, 2016 | $5.00 | Apr 3, 2016 | $5.00 |
| Apr 17, 2016 | $5.00 | Apr 25, 2016 | $5.00 |
| Apr 24, 2016 | $5.00 | Apr 25, 2016 | $5.00 |
| May 1, 2016 | $5.00 | Apr 25, 2016 | $5.00 |
| May 8, 2016 | $5.00 | Jul 7, 2016 | $5.00 |
| May 15, 2016 | $5.00 | Jul 7, 2016 | $5.00 |
| May 22, 2016 | $5.00 | Jul 7, 2016 | $5.00 |
| May 29, 2016 | $5.00 | Jul 7, 2016 | $5.00 |
| Jun 5, 2016 | $5.00 | Jul 7, 2016 | $5.00 |
| Jun 12, 2016 | $5.00 | Jul 28, 2016 | $5.00 |
| Jun 19, 2016 | $5.00 | Jul 28, 2016 | $5.00 |
| Jun 26, 2016 | $5.00 | Jul 28, 2016 | $5.00 |
| Jul 3, 2016 | $5.00 | Jul 28, 2016 | $5.00 |
| Jul 10, 2016 | $5.00 | ||
| Jul 17, 2016 | $5.00 | ||
| Jul 24, 2016 | $5.00 | ||
| Jul 31, 2016 | $5.00 | ||
| Aug 7, 2016 | $5.00 | ||
| Aug 14, 2016 | $5.00 | ||
| Aug 21, 2016 | $5.00 | ||
| Aug 28, 2016 | $5.00 | ||
| Sep 4, 2016 | $5.00 | ||
| Sep 11, 2016 | $5.00 | ||
| Sep 18, 2016 | $5.00 | ||
| Sep 25, 2016 | $4.00 | ||
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