Tuition fee and inventory

Charles Baffoe

Mampong, Ghana

100% repaid

Entrepreneur

Name

Charles Baffoe

Member since

June 2017

On-time repayments

77 installments  •  84%

About Me

Hello Everyone
My name Charles and this is my story,
I grew up in a small village called Asaam in the Ahanti region, I had my early childhood education in this village, that's from elementary up to Junior High School.

Life has not been easy since my Mum happened to be a single parent, so we farmed and do all sorts of work in other to get food and some amount of money to cater for our small family of four(4) i.e. my mother, an elder sister, a brother and myself. I moved from the village to Mampong Ashanti, a town about 15 kilometers from my village to continue my higher education. During this time, I had to sell on the streets, earpiece,phone chargers and usb drives after school, and also wash cars and help a friend in his motorcycle shop before I could get money for the next day in school. By so doing and a little help from my Mum I was able to help myself to the Polytechnic. I wanted to study Computer Networks, so was offered the chance to study it in Koforidua Polytechnic now Koforidua Technical University.

After school, I had wanted to start my own business, I started doing mini importation of electronic gadgets business when I was in the Polytechnic, I was successful and loved the business but unfortunately it wasn't my money. I was doing it for a soldier friend who later withdrew all of his funds and I was left with nothing. From then I struggled to raise some funds for my own business, so this time I started buying phones and accessories from the local dealers and I take it to market places to sell. This has been my business after school and it has support me in so many ways. Now I want to expand it to a phone shop.

As an Ashanti, we believe in unity and we are the best in hospitality. We have a common King who rules over the entire Ashanti Kingdom. Our society train us to be successful entrepreneurs and investors. Ask any body in Ghana a peculiar thing about my people and they will tell you "Ashantis like business". Our land is good soil for all sort of businesses.

I love to ride a motorcycle, so I will say, I'm a motorcycle enthusiast, a die hard bikes fun. I have had enough ride in my life with few accident but not severe, haven't even sustain injury though. I ride, I fix it since I have been visiting motorcycles shops and have many bike mechanics friends. My favorite brands are Honda and Suzuki.

My Business

Right now I sell phones and its accessories, since it's of small quantity, I take it to market places during market days. I also do repairs of laptops and phones during the market days. I sometimes visit offices to repair their computers for them and check their networks.

As technology is growing fast everyday, people are more interested in these gadgets, smartphones and its mobility makes it simple for everyone to access their needed files everywhere. So gadgets like phones and laptop computers are always in high demand and in this economic hardship, people don't throw their spoiled phones and laptops away but instead they bring it for repairs.

I love doing business and I like selling this particular type of gadgets because I have more insight about them. I can explain it best to customers and assist customers during configurations and settings. I have passion for these gadgets so I spend a lot of time to research about them and find new trending mobile phone technologies.

I have invested about GHS.2000.00 (USD 460) into this business and my daily turnover varies from market to market but on average is 5 pieces of phones everyday, in worst case scenario I sell three pieces and I will do repairs too.

Now I am trying to save until I will be able to rent a store room which I can buy the phones and accessories in larger quantity and also have a space as a repair shop.
So in short I will say the profits I earn are for reinvestment. I will like to have a degree though, but I need to grow this business as it will surely be my lifetime business and will serve as a legacy for my next generation.

Now with the help of Zidisha I have been able to raise enough cash which I have used to venture in importation business, I have not forsaken my old job, I have just added it to my daily business activities. In fact I say a big thank you to Zidisha and its team. This opportunity is indeed incredible.

Loan Proposal

As I have already acquired previous loans from Zidisha and its noble lenders, I have been able to expand my business by hiring some youth in my community to work with and I have been able to help and assist myself and my family.

This loan if I am approved and granted, will be used to pay for half of my Tuition fees in the University. The total fees to be paid is GHS.3,200 (USD715.00), so half of it will be about GHS.1,600 ( USD. 350.00).
The program that I have been enrolled on is a six month Diploma course in Security Management, Forensics and Investigative Psychology at Winsconsin International University College. It is a weekend class so I will have enough time to also focus on my usual business. This loan will help me pay my fees and complete my Diploma program in order to achieve my set up goals in life.

Thank you.

Feedback

2

None

None

  • Mary    May 10, 2019

    Thanks Charles. Again, excellent repayment. I'll be happy to support your business again.

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  • Mary    Feb 1, 2019

    Hello Charles,
    thank you for repaying your loan regularly and on time.
    Best wishes for future business success.

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Loan Info

Project Type

Classic Loan

Disbursed amount

$342.00

Date disbursed

May 10, 2018

Repayment status

On Time

Projected term

5 months

Lenders

T

Tallago3

Munich, Germany

Jamal Hamou

Cascadia, Canada

Julia

United States

Carla

United States

Paul Buchheit

Mountain View, United States

NS

Natalie Stone

United States

SC

Shane Coughlan

Takamatsu, Japan, Japan

J

Netherlands

Tim

Utrecht, Netherlands

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  • Charles Baffoe    May 13, 2019

    Hello Team,
    For some reasons which are unknown to me, my account has been closed, making me ineligible to raise funs for my business anymore.
    I need help from please.
    Thank you.

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  • Charles Baffoe    Mar 4, 2019

    Thanks to all my lenders and Zidisha team. I have successfully received my loan and it has helped me to pay customs duty and have cleared my goods from the port.
    Thank you very much.

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  • Charles Baffoe    Feb 17, 2019

    I will use this loan to pay for customs duty cost of my imported goods.
    I have a shop which which I sell clothings, motorcycle accessories etc. I mostly import these items, though I have some locally made clothes and shoes in stock.

    This loan will help me clear the incoming goods from the port.
    I am so much grateful to all my lenders and Zidisha team to approving this loan on time.

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  • Charles Baffoe    Feb 9, 2019

    Hello everyone, I hope we are all doing well.
    Please, I have missed about three(3) calls from my mentor, and I don't know how to reach him or call him back. So if he can read this, please call me again. I'm sorry for the inconveniences.
    Thank you.

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  • Charles Baffoe    Feb 4, 2019

    The picture below shows my new business center and my happy self.
    Thanks to everyone for spending their precious time to read.

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  • Charles Baffoe    Feb 4, 2019

    First of all, let me extend my sincere gratitude to all lenders and Zidisha team. You guys are amazing. Without you, I would have been helpless and hopeless, thanks so much for all your efforts to support we the young entrepreneurs and visionary individuals.

    As I stick to my initial project or business, which is ;selling of mobile phones, laptops and repairs, I have also ventured into an importation business which I'm doing pretty much well in it.
    My last ended loan helped to clear my imported goods at the port. After taking the goods from the port, I used it to fill my inventory. I also have five(5) sales personnel helping for quick sales.
    Now I have another goods on the way coming, probably by the end of the month, which I will need this current loan that I'm applying to pay customs duty in order to pick the goods.
    The picture below shows my new business center and my happy self.
    Thanks to everyone for spending their precious time to read.

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  • Charles Baffoe    Nov 15, 2018

    All I can say now is thank you to Zidisha and it's lenders for their generosity. I will do my best to make good use of this loan so that it will serve it purpose.

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  • Appiah    Nov 14, 2018

    How to pay the loan is my problem....Help me with the steps on how to pay

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    • Charles Baffoe    Nov 14, 2018

      Hello Appiah, making payment or repayment is simple and easy. On the due date, Zidisha will send you an email and the instructions to follow to make payment. An MTN mobile money merchant number(Mita) will be provided for you.

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  • Charles Baffoe    Nov 7, 2018

    My previous loan successfully helped me finished Security management and Investigations programme I enrolled on at Winsconsin University college.
    This loan was used to aid me in paying for my tuition fees and with the help of Zidisha and its cherish customers, I have been able to complete the program without any problem. I am now waiting for certification and graduation.

    I thank everyone, Zidisha Team and its noble lender, I am much appreciated.

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  • Charles Baffoe    Sep 24, 2018

    My business has been slow since I started schooling. My partners couldn't take good care of the business that's why my payment has been slow lately. I'm hoping to revive my business back to normal.

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  • Charles Baffoe    Jun 28, 2018

    Hello everyone,
    It's unfortunate that I have to reduce my installment once again. Sales have been down since I started school, in fact things are not going well as projected but I'm working hard each and every day to achieve my goals and to fulfill every promise as possible. I urge Zidisha Team to bear with me once again. Thank you very much.

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  • Tim    Jun 22, 2018

    How are your studies and business going Charles? :)

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    • Charles Baffoe    Jun 28, 2018

      Thank you very much Tim for your concern. I am doing very well so as business. The course I enrolled in is a very interesting one and I am hoping it will help me in my endeavors. My greetings to everyone.

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  • Charles Baffoe    May 25, 2018

    Hello and good they to Everyone,
    I have reduced my installment which was due today and to effect the next four subsequent installment. I had to reduce it because my business profit has gone down since I enrolled in school. But I know things will come back to normal and I will increase my installment back to the initial amount.
    I am very sorry for any inconvenience caused.
    Thank you.

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  • Charles Baffoe    May 10, 2018

    Hello,
    My loan was sent to me today and I am very grateful to zidisha team and all lenders. Now I can pay for the half of my fees and start lectures in June. I will continue to keep you all posted.
    Thank you very much.

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  • Charles Baffoe    May 5, 2018

    Hello,
    This loan will be used to pay for half of my tuition fees and it's going to help me to achieve my dream of becoming a security expert.
    All I can say for now is thank you very much for your support and kindness. I'm very much grateful for all the support I'm getting from zidisha and it's kind hearted lenders.
    Once again I say thank you and I wish for you all, a healthy long life.

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    • Tim    May 10, 2018

      I'm glad you got funded Charles! Good luck with your program at University. I'm looking forward to hear about your progress and experiences in the future. All the best, Tim

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  • Tim    May 3, 2018

    Best of luck with your studies Charles! I hope your business will continue to thrive! Cheers, Tim

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  • J    Apr 30, 2018

    Success with your study. I hope your loan will be completely funded soon. Good luck.

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  • Charles Baffoe    Apr 30, 2018

    Hello and good day to everyone,
    My last loan served as a blessing to my business, as I used it to fund my new partner's inventory, I the items been bought were, earpiece, headphones, bluetooth devices, glass protector for phones screen, phone chargers, selfie sticks etc. Also I imported laptop charges, phone batteries, laptop batteries, laptop screens, phone screens and more of parts for repairs. All these amounted to $473, since I had saved enough there, I was able to top up to my loan to be able to acquire those stuffs.

    The utilization of this loan has made my turnover very high, my earnings have grown wide and I have been able to save to further my education. I have been enrolled on a six month Diploma program in, Security Management, Forensics and Investigative Psychology at Wisconsin International University College. I am starting this program in June and since it is a weekend class, I will still be able to continue with my business.

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  • Charles Baffoe    Mar 23, 2018

    When you are with zidisha, there is total hope for the future. I say a big thank you to my lenders, as I have been able to help my family and friends smile always. Without these generous lenders, I don't really know where my life would have been. I know through you, and zidisha, the future holds a great joy for us all. Thank you so much.

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  • Charles Baffoe    Feb 5, 2018

    Thank you very much, I have received my loan and I will start buying the needed items for my shop.
    Thank you all for your help, God bless everyone of you.

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