Loan to pay for my newly ordered mobile phones
Michael
Akim Oda, Ghana
100% repaid
Entrepreneur
Name
Michael
Member since
November 2016
On-time repayments
126 installments • 23%
About Me
Michael Osei is my name and have been operating this business about 2years ago. I capitalize on this business after my past years in school when I normally connect to friends who could sold this same sandals in town. As in school I and making some little business I go for these sandals and sell them in school , make some profit and return the principal amount.
My Business
My income source is now deeply dependent on the shoes I received from a Togolese's supplier , sell them and later make the payments. It is on credit terms.
Base on the serene location I am being able to capitalise on the market. I am being able to sell and make about 60USD a day. And also looking forward to improve in my sales plan.
Loan Proposal
After entering to a contract with SO BOOM mobile phone suppliers , per the agreement i was suppose to pay for these items before November 2016, But due to the fall in market sales i have not not been able to pay off the arrears fully. I here fore wish to apply for a top up loan to pay completely the order of these mobile phones handsets.
If granted i shall make all repayment back to my lenders as stipulated in the agreement.
Feedback
Positive
None
Neutral
None
Negative
None
Loan Info
Project Type
Classic Loan
Disbursed amount
$10.00
Date disbursed
Nov 16, 2016
Repayment status
On Time
Projected term
9 months
Other loans
Ask Michael a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.