Stock of affordable mobile phones and accessories
Stephen
Kumasi, Ghana
50% repaid
Entrepreneur
Name
Stephen
Member since
April 2015
On-time repayments
7 installments • 0%
About Me
I AM A YOUNG ENTREPRENEUR FROM GHANA-WEST AFRICA,WHERE ACCESS TO FUND TO BUILD CAPACITY IS DIFFICULT.AFTER UNIVERSITY, JOB BECAME SCARES AND STARTING SOMETHING ON MY OWN WAS TRULY THE WAY FORWARD,SO FROM MY PICTURE THAT IS HOW FAR I HAVE BEEN ABLE TO BUILD MY MOBILE PHONE AND ACCESSORIES BUSINESS. WITH A PASSION TO MOVE ALONG WITH TECHNOLOGY BY STOCKING MODERN PHONES AND ACCESSORIES AND TO EXPAND MY SHOP I THEREFORE APPEAL TO GOOD PEOPLE LIKE YOU VIA" ZIDISHA", TO HELP ME SUCCEED AS AN ENTREPRENEUR SO THAT I CAN ALSO EMPLOY PEOPLE TO HELP REDUCE UNEMPLOYMENT AND POVERTY RATE IN AFRICA .THANK YOU
My Business
I BUY MOBILE PHONES AND ACCESSORIES AND RETAIL
-TARGET MARKET IS THE YOUTH,MOSTLY UNIVERSITY STUDENTS AND THE WORKING CLASS
-THE YOUTH IN GHANA HAVE SERIOUS APPETITE FOR TECHNOLOGY SUCH AS PHONES.
-MOBILE PHONES BUSINESS IS LUCRATIVE IN GHANA BUT CAPITAL INTENSIVE
-I LOOK FORWARD TO ADD COMPUTER TABLETS AND LAPTOPS TO IT SINCE IT IS ALSO OF HIGH DEMAND .
Loan Proposal
1.I WOULD PAY FOR MOST OF THE ACCESSORIES I PURCHASE ON CREDIT SINCE IT IS MORE COSTLY TO BUY ON CREDIT THAN CASH PURCHASE
2.GRADUALLY I WOULD START BUYING MOST OF MY PHONES ON CASH TERM OR READY PAYMENT
3.I LOOK FOR TO EXPAND TO OTHER UNIVERSITY CAMPUS WITH A PHYSICAL SHOPS
4.WOULD EMPLOY ADDITIONAL HANDS IN THE NEAR FUTURE PROBABLY IN MY SUBSEQUENT LOANS
Feedback
Positive
None
Neutral
None
Negative
None
Loan Info
Project Type
Classic Loan
Disbursed amount
$100.00
Date disbursed
May 18, 2015
Repayment status
Late
Projected term
7 weeks
Lenders
Taiwan
France
Jake Gibson and Beverly Picardo
San Francisco, United States
Ask Stephen a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.