To fill my shop with enough credit cards and sim cards

Abdulai

Bawku, Ghana

100% repaid

Entrepreneur

Name

Abdulai

Member since

December 2016

On-time repayments

255 installments  •  88%

About Me

I was born in kokooso a village in the Asonafo South District in the Brong Ahafo Region of Ghana. Because my parents was living there at that time. I attended kokooso primary and junior high school after which I had admission to attend bawku senior high school in 2007.
In secondary school I had the passion to do business. Because of the financial status of my parents, I knew it will be difficult to continue my education to tertiary after my secondary school. I started saving, small amount of money relatives givens to me as my pocket money. After my completion I was having Gh120.00 (30 dollars) which I knew I can use to start some business. I sell credit cards of all the various telecommunication networks in Ghana(M.T.N, Vodafone,Airtel, Tigo, Onetech and
Glo)
The culture of the peoples makes business good every market day business boom well. I like football and also like reading all kinds of books ringing from story books, magazines and novels in my leisure time.

My Business

I sell credit cards of all the various telecommunication networks in Ghana here and their Sim cards in bawku. The selling of these credit cards and the Sim cards are in demand because every day peoples will make calls and also browse the internet. I decided to choose this business because it does not need huge capital before one can start and more to the point the risk is minimal.
The cost involves in my business is such a way that, I have a capital of Gh450.00 that is about (113 dollars) and every market day I run short of credit cards to my customers due to the low levels of my capital. Averagely I make profit GH16.00 to Gh20. 00(4 to 5 dollars) a day and the profit is reinvented in growing the business.

Loan Proposal

If am granted with the loan, I will stock my shop with enough credit cards which will cost about 800GHS(200 dollars) and Sim cards which will cost about 120 GHS( 30 dollars) so that I will not be loosing my customers due to insufficient or shortages of credit cards and Sim cards.
I also intend to do mobile money transfer business because my customers have been asking me all the time which is very lucrative business, but due to my low capital I have not been able to start.
I strongly believe that if i am granted the loan,i will not loose my customers, because I will not shot credit cards and Sim cards and provide my customers with good services. It will help me increase my profit level averagely from 40 to 60 GHS( 10 to 15 dollars) a day. But if am granted with the loan,i can start the mobile money business which will help increase my profit level averagely from 100 to 120 GHS( 25 to 30 dollars) a day.
I hope my proposal will be given the necessary consideration.
Thank you.

Feedback

None

None

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Loan Info

Project Type

Classic Loan

Disbursed amount

$1.00

Date disbursed

Dec 30, 2016

Repayment status

On Time

Projected term

5 weeks

Lenders

MarktheMormon

Sandy, Utah, United States

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  • Abdulai    Jul 28, 2022

    Business has not been good now. Hoping for better time.

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  • Abdulai    Apr 27, 2022

    Business is picking up gradually, will increase it in good time.

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  • Abdulai    Apr 14, 2022

    Thanks I have received it. I really appreciate. Kudos to zidisha.

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  • Abdulai    Apr 13, 2022

    Thank you my leaders for fully funding my loan. I have plan to expand my business and this money will help me achieve that goal.
    Once again thank you.
    Long live zidisha.

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  • Abdulai    Apr 4, 2022

    I want to use this opportunity to thank my leaders for funding my previous loan. I must say it has been helpful to me and my family. Thank you leaders for making positive change in me and my family, I really appreciate it.

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  • Abdulai    Mar 14, 2022

    I want to thank my leaders, business has really improve. thanks for your support.

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  • Abdulai    Mar 4, 2022

    Thank you leaders there has been improvement in my business. I really appreciate your support.

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  • Abdulai    Feb 25, 2022

    Business is picking up gradually I will increase my weekly pay.
    Thank you my leaders.

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  • Abdulai    Feb 15, 2022

    Business has not been favoring of late. I will increase amount as soon as business improves.

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  • Abdulai    Jan 25, 2022

    Of late Business has been slowly. I will increase it when things improves.

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  • Abdulai    Jan 12, 2022

    Business so bad

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  • Abdulai    Dec 31, 2021

    Business has been poor

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  • Abdulai    Dec 11, 2021

    Business is slow

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  • Abdulai    Dec 3, 2021

    Business has been bad off late

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  • Abdulai    Nov 26, 2021

    Business has not been easy off late

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  • Abdulai    Oct 31, 2021

    Business has been slow off late

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  • Abdulai    Oct 1, 2021

    Business has been slow down a bit.

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  • Abdulai    Jul 30, 2021

    Thank you my leaders, business is picking up gradually. I I really appreciate your support very March.

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  • Abdulai    Jul 19, 2021

    Thank you leaders for funding my loan, I really appreciate and it will boost my profit level.

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  • Abdulai    Jul 15, 2021

    I really appreciate each and every one of you who has put smele on my face. It going to help me increase my profit margin. Once again thank you and I will make sure I will not default in my weekly payments.

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