Entrepreneur
Name
Alhaji
Member since
June 2015
On-time repayments
25 installments • 28%
About Me
Alhaji Sadiq is my name.I come from Berekum in the Brong Ahafo Region. I started my basic school at Islamic basic school, i furthered my education from there to Sunyani senior high school in Sunyani. My parents are farmers by profession hence all my education cost was funded by their product earns from the farm. In life it takes one’s own imagination to be poor or rich, thus you can identify a problem and solve it. I completed my secondary education and due to my hard work, and the respect that i have for people i was employed in a store and began to identify the needs of the community. With the little savings made, i started my own mobile phone business. My hobbies are reading and listening to music.
My Business
My business is located along the road to the main station of Berekum. I deal in; mobile phone accessories like chargers memory cards, batteries, housings, screen protectors and mobile phones. I started my business in the year 2013. After saving a capital of $350 from my previous job I started my own business. Due to the location of the firm i enjoy high demand since most people are within, thus easy access. I run my business with income of around $200 out of which $100 is profit. I always ensure my customers are maintained by ensuring excellent relationship and fair prices. I use the profit to restock my business. The risk my business faces is price fluctuations and customer demands. I beat this by buying stock in bulk when prices are fair enough to satisfy my customer demands at different times respectively. I have one employee but as the business grows I hope to add more people and that way I will also create employment to out of school youths in my community. Currently I have about 45 retailers who rely on me to supply them and I believe many more can be found if I had a financial support. .Thanks a lot to Zidisha team and I believe with your support I can achieve my dreams.
Loan Proposal
I need this loan to buy more mobile phones and accessories to what I am having now because demand is been high day by day and I need to expand my business. when I am able to get this loan it will help me a lot because any brand of phone that someone ask for I can get for him or her. Thanks in anticipation.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$100.00
Date disbursed
Jul 6, 2015
Repayment status
On Time
Projected term
7 weeks
Other loans
Lenders
United States
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