Monetary support to expand my cell phone business
Elijah
Kumasi, Ghana
100% repaid
Entrepreneur
Name
Elijah
Member since
March 2014
On-time repayments
111 installments • 67%
About Me
I am Elijah Tettey. I am 30 years of age and a Ghanaian. I am the
second child of a family of four and attended senior high school at
St Pauls Technical At Kukurantumi.
I live in Kumasi, Ayigya at house number Plot 18 Block 3. I am into the selling of mobile phones. I started this business because after
graduating from the Kumasi Poly-Technic
with a Electrical Engineering Technician Part III in Electrical, i could not secure for myself
employment. I decided to enhance my marketing skills into se
My Business
I am into the selling of mobile phones. I started the
business after a fruitless search of jobs. i started the business with
an amount of money borrowed from my Dad's pension pay. The business is now progressing because about 90% of Ghanaian's uses mobile phones, but I need more capital or money-try support to purchase a shop where i can sell a lot of phones and it accessories to enlarge my business. The money gained from the proceeds of selling the mobile phones will be used to pay the loan. The first loan from Zidisha helped me alot and I'm very grateful. I'm really convinced with the support from Zidisha, I'll be able to achieve my goals.
Loan Proposal
In the previous loans i received from Zidisha, i went into the sale of mobile phones and other accessories. As the business advanced, i started importing more latest phones, power banks, tablets and a whole lot of goods and services highly in demand in my country. Now i have graduated from the door to door services i offered to people to international standards since i now sell my goods and products online.
zidisha is all about entrepreneurship. Therefore i have decided to further expand my business by importing other goods such as watches,jewelry sets for both men and women in addition to the importation of mobile phones and tablets.
I will buy two mobile phones at a cost of 154usd and a tablet at a cost of 90usd and their accessories at a cost of 90usd. I will also buy power banks, watches and jewelry set for both men and women from the interest i got from my previous Loans at a cost of 122usd. With this projection I believe it wil help me improve my business skills and also get more interest which i'll further invest in my business and also employ other people who need job to reduce the unemployment problem in my country.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$340.00
Date disbursed
Mar 3, 2015
Repayment status
On Time
Projected term
5 months
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