Loan to expand my mobile-money business
Godwin Mawutor
Akome Gbogame, Volta Region, Ghana
100% repaid
Entrepreneur
Name
Godwin Mawutor
Member since
October 2015
On-time repayments
222 installments • 60%
About Me
I am a young man of 26years from the Volta Region of Ghana. I attended Gbogame EP Basic school at Akome also in the Volta Region. I furthered to Kpedze Senior High School where I read General Science. Currently I am an entrepreneur with Part One (1) of the Institute of Chartered Accountants, Ghana. I am also a member of YALI Network and Association of African Entrepreneurs.
As a young man, I have realized entrepreneurship as the key way to life and the future for African youth hence my involvement in entrepreneurship.
My Business
I am the founder of AGE Accounting and Taxation. Currently I have registered to operate mobile money business with MTN and in process with AIRTEL, all in Ghana with business operating name AGE COMMUNICATION AND TAXATION.
My idea now is to seek capital funding for the AGE COMMUNICATION AND TAXATION to provide mobile money services with printing and photocopy services in Akome traditional area and its environs. The community is currently not enjoying optimum services due to low capital,although people are interested in the services.
The cost involves capital and purchasing of printers,photocopiers etc. I will reinvest the profit.
Loan Proposal
Every entrepreneur needs financial support and Zidisha is just doing that, I was able to raise loan on the platform for my mobile money business and have successfully repaid it in full and on time. This business is doing well and I would like to expand the service to other rural communities.
In another nearby community, with population of over 1000 local farmers, mobile money service is not available and the citizens need to travel miles before getting such service. I have therefore decided to engage/employ a current senior high school graduate as a sales/mobile money agent in that community under the business name AGE Communication and Taxation.
All the loan amount will be uploaded on the new mobile money chip as a capital for the area business. I have already bought a simple mobile phone from my other revenue toward this business.
This business will contribute to financial inclusion in that community. Profits will be reinvested for now.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$150.00
Date disbursed
Jun 15, 2016
Repayment status
On Time
Projected term
5 months
Other loans
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Summary
Amount repaid
$157.58
Amount remaining
$0.00
Date repaid
Dec 2, 2016
Status
Fully repaid
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Jun 24, 2016 | $1.55 | Jun 24, 2016 | $1.55 |
| Jul 1, 2016 | $1.55 | Jul 1, 2016 | $1.55 |
| Jul 8, 2016 | $1.55 | Jul 8, 2016 | $1.55 |
| Jul 15, 2016 | $1.55 | Jul 15, 2016 | $1.55 |
| Jul 22, 2016 | $1.55 | Jul 22, 2016 | $1.55 |
| Jul 29, 2016 | $1.55 | Aug 5, 2016 | $1.55 |
| Aug 5, 2016 | $1.55 | Aug 5, 2016 | $1.55 |
| Aug 12, 2016 | $1.55 | Aug 29, 2016 | $1.55 |
| Aug 19, 2016 | $1.55 | Aug 29, 2016 | $1.55 |
| Aug 26, 2016 | $1.55 | Aug 29, 2016 | $1.55 |
| Sep 2, 2016 | $1.55 | Sep 8, 2016 | $1.55 |
| Sep 9, 2016 | $1.55 | Sep 9, 2016 | $1.55 |
| Sep 16, 2016 | $1.55 | Sep 17, 2016 | $1.55 |
| Sep 23, 2016 | $1.55 | Sep 17, 2016 | $1.55 |
| Sep 30, 2016 | $1.55 | Oct 3, 2016 | $1.55 |
| Oct 7, 2016 | $1.55 | Oct 3, 2016 | $1.55 |
| Oct 14, 2016 | $1.55 | Oct 15, 2016 | $1.55 |
| Oct 21, 2016 | $1.55 | Oct 22, 2016 | $1.55 |
| Oct 28, 2016 | $1.55 | Oct 28, 2016 | $1.55 |
| Nov 4, 2016 | $1.55 | Nov 4, 2016 | $1.55 |
| Nov 11, 2016 | $1.55 | Nov 11, 2016 | $1.55 |
| Nov 18, 2016 | $1.55 | Nov 19, 2016 | $1.55 |
| Nov 25, 2016 | $51.67 | Dec 1, 2016 | $51.67 |
| Dec 2, 2016 | $71.82 | Dec 2, 2016 | $71.82 |
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