Money to purchase more items for my shop

Francis Dominic

Kumasi, Ghana

11% repaid

Entrepreneur

Name

Francis Dominic

Member since

July 2015

On-time repayments

30 installments  •  40%

About Me

Am the 4th child to mr and mrs Donkor.I grew up and started my infancy education at St. Pauls R/C School. I participated in every activity which was introduced in that time.
It got to a point my parents started facing financial challenges, so i decided to help by entering into small buy and sell business. I used some of the profits
for the things i needed.
Due to hard work, a friend of mine gave me additional money to invest in the business.

My Business

I deal with home used or second hand items.
Not everyone can afford a brand new items. So most of them buy the second hand goods which are less affordable to the brand new ones.
I choose it Because it's a kind of business i have practice before and still like doing it.
I don't have proper mechanism in place to check that. But what i do is, any amount i invest, at the end of period i deduct the









amount i invested from the total amount
received during the period. So when the
amount exceeds the one i invested it means i have a profit.
Reinvest in the business.

Loan Proposal

I want to buy more different brands of external harddrives, Land linephones, Radios, different types of Remote controls, Jetflash or Pen drives, etc etc.The dollar ranges from 10d,12d, up to 100d.
If i get more items, customers will get whatever they need and choose from. By so doing, the demand will increase and i expect the profit margin between 70 to 90%

Feedback

None

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Loan Info

Project Type

Classic Loan

Disbursed amount

$233.00

Date disbursed

Nov 16, 2015

Repayment status

Late

Projected term

4 months

Other loans

Lenders

BF

Bob Fitzjohn

Fontvielle, Monaco, Yemen

mepster

San Francisco, Ca, United States

Dave Bogard

New York, United States

jtreyes

United States

PG

Paul Graham

United States

Anonymous

Ocoee, United States

JC

juli camrud

United States

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