Video display & phone cables for my online business

Gideon

Accra, Ghana

100% repaid

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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 different kinds of cables from amazon. Below is a list of the cables and their prices.
4k HDMI cables 6ft- $6.99
VGA cables 6ft - $6.75
HDMI splitters - $11.99
VGA to AV adapters - $12.99
Ethernet cables (CAT 7) 2m (2 pack) - $8.99
Ethernet cables (CAT 6) 50ft - $11.99
Ethernet cables (CAT 6) 15ft - $5.99
USB type C cables(Cable matters brand) -$5.99
USB tyoe C generic cable (5 pack)- $9.99
USB type C (Voluts Brand Fast charging, 5pack) - $16.98
[USB-IF Certified] Cable Matters USB 3.1 Type-C (10 Gbps)Gen 2 Cable with 4K Video & Power Delivery up to 60W in Black 3.3 Feet / 1m - $12.99
USB type C to HDMI and VGA adapter - $24.99
USB type C to HDMI cables 6.6ft - $14.99
USB type C Hub - $26.99
Mini Displayport to HDMI cable $7.99
Display port to HDMI adapter - $6.95
Anker lightning cables 6ft- $8.99
Audio jack + Lightning splitter for iPhone 7 - $14.99
VGA y-splitter cable - $6.99

This will benefit me immensely as the profit from this will be used for my upkeep on campus as well as settle any fees that come up as I am about to graduate. It will lessen the load on my parents as well so they can rest a little and focus on thier health.

I expect that wth amazon shipping the package should arrive in about 2 weeks. I will be able to sell all the items in 6 weeks using instagram as a marketting tool. Amazon prices are not as cheap as Aliexpress but quality is assured. I expect to make 50% profit after 6 weeks.
So if I am given $400.00 I will make $200 profit in 6weeks

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$448.00

Date disbursed

Mar 3, 2018

Repayment status

On Time

Projected term

15 months

Other loans

Jul 2017:  $120

Oct 2017:  $291

Lenders

L

Liam

New Zealand

Paul Buchheit

Mountain View, United States

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  • Gideon    May 28, 2019

    I am unable to complete payment within the stipulated time and there I need to extend payment for another week to complete payment on time

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  • Gideon    May 28, 2019

    I am unable to make the final payment in the stipulated time and therefore I need to reduce the amount in order to not complete repayment on time

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  • Gideon    Feb 16, 2019

    I’m unable to pay the full installation amount at the moment.

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  • Gideon    Jan 24, 2019

    I’ve made terrible losses and I’m having a difficult time paying the full installment amount

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  • Gideon    Nov 2, 2018

    I am currently unable to pay the full repayment amount

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  • Gideon    Oct 17, 2018

    I am currently unable to pay the full installment

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  • Gideon    Jul 31, 2018

    I cannot pay the full installment amount at the moment

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  • Gideon    Jun 19, 2018

    I currently can't afford to pay the full installment amount, I've made losses I'm still recovering from and I will resume regular installment when I can

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  • Gideon    May 8, 2018

    I lost too much money.

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  • Gideon    Mar 1, 2018

    A big thanks to all my lenders. I really appreciate you helping fund this loan. It will go a long way to help establish my business as it will keep supply running, I will purchase video display cables and adapters as well as phone cables.
    I can also look forward to a fruitful final semester at university due to the support my profits will bring.
    Thank you!

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  • Gideon    Jan 25, 2018

    My previous loan helped a lot in terms of boosting my business. I made a good profit which I used to pay part of my hostel fees on campus. I haven't been able to get a full website yet, but hopefully this loan would make that possible

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  • Gideon    Dec 19, 2017

    Business has been good. My items finally arrived and I was able to sell them

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  • Gideon    Nov 28, 2017

    The items I ordered online are taking too long to arrive, I have had to pay my installments using part of the loan which isn't good for me. I've contacted the supplier about it and hopefully things should be resolved soon. I can then go back to the original payment plan

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  • Gideon    Nov 14, 2017

    Greetings! I'd like to thank everyone for making this loan possible, I'm really grateful. I received a total amount of GHS 1060.00 and below is a picture of some of the items I bought. I'm still waiting to receive most of the items I ordered online, I will be sending updates when I can. Thank you

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  • Gideon    Oct 24, 2017

    I will like to thank you all so much for funding my loan, this money will go a long way to help change a few lives. I will purchase mostly video display cables and adapters as well as phone cables which I will sell to make profit.
    I also intend to get a website which I will link to my business Instagram account to reach more people and just generally expand the business. Hopefully as time goes on I will be able to get an actually shop.
    Thanks again.

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  • Gideon    Sep 19, 2017

    I would like to clear up my loan as soon as possible so I can move on to the next installment

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  • Gideon    Aug 24, 2017

    I need to settle my school fees and all other department dues within some weeks, and paying the previous amount would put a huge strain on my finances at the moment. That is why I want to change the installment amount.

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