Video display and ethernet cables for business
Gideon
Accra, Ghana
100% repaid
Entrepreneur
Name
Gideon
Member since
July 2017
On-time repayments
83 installments • 52%
About Me
I have great ideas and I need the resources to back those ideas. I've had to run a couple of small businesses to make ends meet, I have sold electronic appliances among other things, and in my experience, over the years, you require sizeable capital in order to make real money. Great ideas yield result only when they are executed properly and on time. This requires money
My Business
I import( online from aliexpress) and sell video display cables like VGA, HDMI, Thunderbolt to VGA and video display adapters as well as mobile phone chargers, Ethernet and fiber optic cables. I'm looking to open an online store as part of efforts to expand and reach more customers, and as time goes on establish an actual shop
Loan Proposal
I will buy:
4k resolution HDMI Cables(3m)- $38.35 /10pc
VGA cable(1.5m)- $17.50 /10pc
DisplayPort and Thunderbolt adapters- $19.05 /5pc
Cat6 ethernet cables- $24.40 /10pc
USB type-C cables- $6.10 /5pc
Micro USB cables- $5.50 /5pc
iPhone Lightning cables- $19.50 /10pc
depending on the quantity I'm able to buy at a time, I will be able to make up to 80% profit from selling. so with $130.20, I will make a profit of $91.14 from the first shipment as stated above, this about GHS 400.00 from a loan of approximately GHS 570.00.
This amount will be used to support myself while in uni and as my business grows it will help support my family.
Feedback
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Loan Info
Project Type
Classic Loan
Disbursed amount
$120.00
Date disbursed
Jul 18, 2017
Repayment status
On Time
Projected term
2 months
Other loans
Lenders
Summary
Amount repaid
$119.77
Amount remaining
$0.00
Date repaid
Oct 11, 2017
Status
Fully repaid
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Jul 28, 2017 | $9.58 | Jul 28, 2017 | $9.58 |
| Aug 4, 2017 | $9.58 | Aug 4, 2017 | $9.58 |
| Aug 11, 2017 | $9.58 | Aug 11, 2017 | $9.58 |
| Aug 18, 2017 | $9.58 | Aug 19, 2017 | $9.58 |
| Aug 25, 2017 | $1.20 | Aug 26, 2017 | $1.20 |
| Sep 1, 2017 | $1.20 | Sep 1, 2017 | $1.20 |
| Sep 8, 2017 | $1.20 | Sep 10, 2017 | $1.20 |
| Sep 15, 2017 | $0.00 | ||
| Sep 22, 2017 | $21.56 | Sep 16, 2017 | $2.40 |
| Sep 22, 2017 | $19.16 | ||
| Sep 29, 2017 | $21.56 | Sep 22, 2017 | $2.40 |
| Oct 11, 2017 | $19.16 | ||
| Oct 6, 2017 | $21.56 | Oct 11, 2017 | $21.56 |
| Oct 13, 2017 | $13.17 | Oct 11, 2017 | $13.17 |
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