Business expansion: mobile money merchant
Ezekiel
Nyinahin, Ashanti Region, Ghana
100% repaid
Entrepreneur
Name
Ezekiel
Member since
May 2020
On-time repayments
71 installments • 100%
About Me
My name is Amisoh Ezekiel, I am 25 years , lives in Nyinahin in the Ashanti Region at the Atwima Mponua District . I live with my parents, Father name is Alanga Abraham and mother name is Alanga Cecilia. My father is a Farmer and my mother is a petty trader. I went to Saint Charles Minor Seminary and I am currently at University of Education ,Kumasi campus , level 300 offering Accounting Education. I run a mobile money merchant business selling of soft drinks. I have been in business for the past five years and my business keeps on growing daily. My main motive behind my business is to contribute my quota in helping alleviate poverty throughout the profit I get annually, I have been through a lot before ,where I could barely feed and I know how it feels. My business have been growing at a faster rate especially at this coronavirus period.
Due to inadequate fund I am not able to operate to my full capacity, when I am helped to expand my business it will help me to be able to serve all my customers and also help me fulfil my dream by helping the poor and the needy. With the help of Zidisha borrowers and lenders this platform we can all help alleviate poverty with the little I get from my business.
My Business
I have mobile money and soft drinks shops that I employ members to work for me. My business has been great through the help of Zidisha, it's lenders and borrowers. My aim is to expand the business to all the deprived communities and to enable them send and receive money easily without traveling to the cities . With the help of Zidisha, when given this loan my business will be able to reach millions of people and yield greater returns. Not only will I make significant profit but also change lives of millions living in the deprived communities through my " HELP THE NEEDY PROGRAM " I embark every year with the little profit I make throughout my business operation
Loan Proposal
I run a mobile money merchant business and through this Covid-19 period my business has been of high demand. People fear to travel to buy goods but prefer to stay at home and order in large quantity . To do so they need electronic cash to send to their supplies to pay for the life goods. My business deals with electronic money transaction, they send the money through my service and they paid a fee for that. The increasing demand for my service has brought about the need to expand my business on a larger scale to meet all my customers . The loan collected from Zidisha will pumped fully into my business. Because of the increasing demand profit is always high and repayment won't be a problem
Income Source
Coronavirus will not affect my business but it will rather call for my service. This is because I deal in electronic money and many traders in my place now fear to travel to buy goods in bulk . They prefer to sit at the home and other them and then pay their suppliers in the form of mobile money . With so doing they will need a mobile money agent and this is where they need me the most to help facilitate transaction. As you know they always transact with huge amount and with my little capital will be a problem to serve them all. I think getting this loan will help me to expand my business and to make huge profit
My Videos
Jun 18, 2021: My success story
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Loan Info
Project Type
Classic Loan
Disbursed amount
$1,534.00
Date disbursed
Dec 8, 2020
Repayment status
On Time
Projected term
3 months
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Babbitt Family Foundation Nov 30, 2020
Babbitt Family Foundation Aug 30, 2020
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