Expand my business "Wendynash business venture"

Armah

Accra, Ghana

100% repaid

Entrepreneur

Name

Armah

Member since

October 2016

On-time repayments

65 installments  •  77%

About Me

My name is Wendy Naa Aryeley Armah properly know as Wendy Nash. I come from Accra and lived at Trade Fair - Accra, am married with four children two girls and two boys. Am chocolate in completion and about 5.2 meters tall. I completed Winneba Senior High and read business Accounting and later further to Accra Polytechnic and study business Secretaryship.
Since unemployment rate is high, I started my own small Airtime Business, Am currently an Airtime business worker at Accra Ghana. I learn about Been an entrepreneur and decided to work on my own, I try to explore and I got interested and and now am a Manager Managing my Business. My children wishes to become an Engineer, Doctor in Medicine, Pastor and a Business Woman. I love singing and doing charity works that makes me happy and fulfill seeing that I have been able to help put a smile on someones face. The Bible says as you do it to your brother than you have done it for me.

My Business

My Business is into Buying of Airtime credit on Wholesale and then Retail them to my customers, such as Tigo, MTN, Vodaphone , Airtel and Surfline and I have added selling of sweet candy. Since now electronic gadgets are the fastest way of communicating and doing business. My cost for purchasing the Airtime is about 2,000 Ghana Cedis, then the remaining 300 Ghana Cedis for Transportation and 700 Ghana Cedis for Utility like Electricity and Sanitation and Tax Payment, My Revenue is almost 1,950, thus after sales of my Airtime and my profit generated.

My profit is spread across because I use some for Buying groceries for the house to cater for my family, I also reimburse some back into the business then eventually Buy study Books for my children. I don,t forget to pay my monthly tithe as well in Church.

Loan Proposal

This loan acquired will enable me to invest more into the Business, I need to get Airtime and small Pastry Business. I will purchase Airtime 529.74 dollars that is (Tigo 105.95, MTN 105.95, Aitel 105.95, Vodaphone 105.95, Surfline 105.95) Then will use 169.52 dollars for Water, Electricity, Sanitation and Tax. The rest 105.95 will be used for Transportation. My additional business to the airtime will go for 42.38 dollars thus my Pastries Business. The few 63.57 dollars left will be for any emergency.
Expanding my business is my priority but now have full confidence that am going to change my way of doing things. My expectation as to do with profitability is far from fetch, let say about 50% will be a bit appropriate.

Feedback

1

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  • Margaret    Sep 25, 2017

    Wendy paid off her loan in a timely manner, I would gladly lend to her again!

    Log in to reply • Share


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Loan Info

Project Type

Classic Loan

Disbursed amount

$796.00

Date disbursed

Jul 5, 2018

Repayment status

On Time

Projected term

3 months

Lenders

JimVandegriff

Trinidad, California, United States

Cloudways

Malta, Malta

Christopher

Copenhagen, Denmark

Paul Buchheit

Mountain View, United States

K

K

United States

A

Anonymous

United States

Paul Buchheit

Mountain View, United States

JG

Jake Gibson and Beverly Picardo

San Francisco, United States

Mark Rowlatt

Peterborough, UK, United Kingdom

T

TP

United States

Maria

Germany

DY

David Yang

Vancouver, Canada

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Summary

Amount repaid

$796.83

Amount remaining

$0.00

Date repaid

Oct 8, 2018

Status

Fully repaid

Repayment History

Expected Payments Actual Payments
Jul 14, 2018 $58.28 Aug 10, 2018 $58.28
Jul 21, 2018 $58.28 Aug 10, 2018 $58.28
Jul 28, 2018 $58.28 Aug 10, 2018 $58.28
Aug 4, 2018 $58.28 Aug 10, 2018 $58.28
Aug 11, 2018 $58.28 Aug 10, 2018 $58.28
Aug 18, 2018 $58.28 Sep 17, 2018 $58.28
Aug 25, 2018 $58.28 Sep 17, 2018 $58.28
Sep 1, 2018 $58.28 Sep 17, 2018 $58.28
Sep 8, 2018 $58.28 Sep 17, 2018 $58.28
Sep 15, 2018 $58.28 Sep 17, 2018 $58.28
Sep 22, 2018 $58.28 Oct 8, 2018 $58.28
Sep 29, 2018 $58.28 Oct 8, 2018 $58.28
Oct 6, 2018 $58.28 Oct 8, 2018 $58.28
Oct 13, 2018 $39.22 Oct 8, 2018 $39.22

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