To use the loan for my mobile money business

Francis Amo

Poase Cement, Ghana

12% repaid

Entrepreneur

Name

Francis Amo

Member since

July 2020

On-time repayments

31 installments  •  68%

About Me

My name is Francis Amo,I am a Ghanaian by birth.I work and live in Ghana.I am the first born of a family of six.I am 32 years old.I am married with one child.I am government employee and also entrepreneur.Though I receive government salaries, it is too small for me to achieve my dreams.Due to that I decided to set up a provision store to sell food products like beverages,candies,biscuits,soft drinks and others with the view that with another source of income, I would be able to achieve my dreams one.My family depend on me for everything so I have to work hard so that I can always provide for my family.

My Business

I operate a provision store and also government employee with this I will be able to pay the loan.People in my area like buying beverages everyday that has made me to enter that venture so that I can provide for my people what they need.

Loan Proposal

I will like to use the loan as E-cash and physical cash for my mobile money business.MoMo business is now the order of the day.It is the most lucrative business now.But if one is not having E-CASH and physical cash it makes the business dormant and one my not get the necessary commission one is to get.

Income Source

I will be able to operate always since my business is among those businesses which are allowed to operate even during the lockdown.Since people can't go to banks and other physical financial institutions they result in transacting business with the mobile money operators.As such I will be able to save enough money to pay for the loan.I promise to always pay my loan on time without defaulting in paying my loans.Thanks

Feedback

None

None

None

Loan Info

Project Type

Classic Loan

Disbursed amount

$918.37

Date disbursed

Oct 7, 2020

Repayment status

Late

Projected term

4 months

Cost to entrepreneur

Service fee: $62.55

Credit risk payment: $93.94

Optional expediting fee: $62.55

Lenders

R

Raabo

Rungsted, Denmark

HI

Highly Improbable

Saskatoon, Canada

investor

Candiac, Canada

YB Song

Seoul, Republic of Korea

aarongabrielson

Heber City, United States

Honey

Sydney, Australia

S

soren

Göteborg, Sweden

S

staktrace

Toronto, Canada

Martin

Manama, Bahrain

R

Roman

Barcelona, Spain

MakeSense

-, St. Kitts and Nevis

B

briansedz

Canton, Ohio, United States

C

chrisherron

Chicago, United States

rasmus

Bern, Switzerland

D

Divergent

Bethesda, United States

Erica

Caledon, Canada

G

glomardor

Leonardtown, United States

Cloudways

Malta, Malta

Andreas1974

Fristad, Sweden

J

jzidi

Los Angeles, United States

S

Sabine

Courtenay, Canada

D

davide

Vallentuna, Sweden

ads68

Melbourne, Australia

dhulsterwim

LIER, Belgium

V

Valis

Singapore, Singapore

nakamura

United States

JTShorty

Gorham, Maine, United States

BF

Bob Fitzjohn

Fontvielle, Monaco, Yemen

G

Goldrivermob

Gold River, Canada

J

Joannie333

Milwaukee, United States

Stefano Bertolo

Luxembourg, Luxembourg

melzisme

Kl, Malaysia

Hedwich

Gorssel, Netherlands

R

run426

DeBary, United States

A

andprosper

World Peace, United States

MarshFamilyUK

Canterbury, United Kingdom

ibc123

Seattle, United States

M

Mountainmanduy

San Jose, United States

A

andresol

Oslo, Norway

A

ADISI

Bern, Switzerland

Freewolf

Salt Lake City, United States

C

Clben7

Cincinnati, United States

sderickson

Berkeley, CA, United States

MalcolmL

San Francisco, United States

G

geoff

United States

M

merk85

United States

mepster

San Francisco, Ca, United States

B

bscent

Hong Kong

B

blambert

United States

V

vbud

United States

W

wesbh89

United States

S

sarahb

United States

S

StefanB

Stockholm, Sweden

Darcy

Ottawa, Canada

M

Marco

Germany

Dave Bogard

New York, United States

R

Robert

Berlin, Germany

MW

Matt Willis

United States

W

Wade

United States

Kevin

San Francisco, United States

HS

Harry Shulman

United States

M

Marc

Newcastle upon Tyne, United Kingdom

AF

Alysn Ford

United States

Paul

Seattle, United States

PT

Paul T

Amsterdam, Netherlands

TH

tom hd

United Kingdom

MR

Michiel Rauws

San Francisco, Netherlands

Carla

Amsterdam, Netherlands

Framework Eyewear

Utrecht, Netherlands

EF

Eddie Flores

NYC, United States

DL

Dan Lawrence

United States

VS

Vicki Stewart

Charlotte, United States

V

Vidar

Oslo, Norway

Sara R

Leuven, Belgium

Jes-c

United States

Sinan Taifour

Munich, Germany, Germany

L

Lucy

Australia

HCPSPIRIT

Helsinki, Finland

hervey liu

United States

R

RMIM

United States

Paul Buchheit

Mountain View, United States

Jane

Ontario, Canada

K

Khoa

United States

R

RM

Australia

C

Camm

Australia

JV

Javier Vicente

Sarriguren, Spain

M

MaggieK

United States

KL

Kerry Lane

United States

JB

Juan Busco

United States

CL

Caleb Liu

United States

E

Eduardo

Paraguay

A

Anonymous

United States

R

Ru

New York, United States

MN

Mike Newhof

Grand Rapids, MI, United States

Black and White Zebra

Vancouver, Canada

L

Leigh

Australia

JS

Justice Stanton

Maryland, United States

SF

Snow Family

United States

JN

Jonathan Ng

United States

C

Christopher

United Kingdom

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