Loan to establish shop for my business

Tsatsu

Berekum, Ghana

94% repaid

Entrepreneur

Name

Tsatsu

Member since

October 2016

On-time repayments

30 installments  •  50%

About Me

I am Tsatsu Bernard. I live in senase.I have been staying here since I was born. Senase is a small surburb of berekum..the main occupation here is farming.. I was fortunate that upon all the hardship here my parents managed to send me to school..I completed senase Roman Catholic school... I got admission in Presbyterian senior high school in berekum..I struggle in paying my fees since my parents were not having a better Job to do.Upon all the struggling, I completed with a good grade..Am having three brothers of which I am the eldest.. My parents could not further them to school after my brothers completed Senase Roman Catholic school...i decided to work in a hotel in other to get money to live on.I planned to sell credit cards with the little money I have raised from the hotel business

My Business

I deal in selling of credit cards of all networks in Ghana such as Vodafone, Mtn,Tigo,Airtel,Glo.The demand of those network credit cards here is very high because I am the only person in that business,The demand of sim cards too became high such that I even have to play hide and seek with my customers. I was so fortunate that upon my commitment towards the network business,they all advised me to add Mobile money to my business but am not having any Store room/shop for it.Selling of cards yield much profit..At first,I have to pay for transport to berekum for the cards but due to my loyalty, they supply it directly to me which has saved the cost on transportation. I have managed to send my brotherto school based on the profit I make on my business

Loan Proposal

After I secure this loan. I am going to establish a shop for the business of which I can add Mobile money to my business.I will purchase items like iron sheets for roofing the shop costing $ 200, nails costing $13,cement and sand for casting the floor$ 450,fan costing $30,television costing $120, metal container costing $1320, chairs costing $600to accommodate my customers.Am going to benefit much from this shop.not only it becoming an asset to me but also help me to get much customers for my business which will help me enjoy much profit than before.after the completion of this project, I may be able to increase my profit to 75%

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$4.00

Date disbursed

Oct 5, 2016

Repayment status

On Time

Projected term

6 weeks

Lenders

J

JohnH

Livonia, Michigan, United States

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