Selling recharge card (airtime)

Monday

Gombe, Nigeria

100% repaid

Entrepreneur

Name

Monday

Member since

January 2019

On-time repayments

14 installments  •  71%

About Me

AM SIMON MONDAY FROM NIGERIA GOMBE STATE
I ATTENDED MY PRIMARY EDUCATION IN LALAIPIDO FROM SHONGOM LGA
OVERCOMING HARDSHIP IS NOT AN EASY TAX IN WHERE I CAME FROM, ONE HAS TO THINK DEEPLY WITHIN AND TAKE ADVANTAGE OF OPPORTUNITY HE/SHE ACROSS
I CAME ACROSS RECHARGE BUSINESS THROUGH A FRIEND OF MIND WHO WE SCHOOL TOGETHER IN HIGH SCHOOL.
THE MOST UNIQUE THINGS ABOUT MY PEOPLE AND COMMUNITY IS THAT WE ARE ACCOMMODATING, INDUSTRIOUS AND FRIENDLY ETC
I LOVE SOCCER AND PLAY IT WHEN AM FREE TO PASTIME I ALSO LOVE SURFING THROUGH THE INTERNET

My Business

SELLING OF RECHARGE CARD
AS WE ALL KNOW NIGERIA IS ONE OF THE FASTEST GROWING TELECOMMUNICATION INDUSTRY IN THE WORLD AND HAS I LARGEST POPULATION IN THE AFRICA
I AM IMPRESS ON HOW THE RECHARGE CARD BUSINESS IS GOING WHICH HAS A QUICK RETURN AND LOW INTEREST BUT MY MAJOR CHALLENGE IS THE CAPITAL, FOR YOU TO EARN A REASONABLE AMOUNT ONE NEED ENOUGH MONEY TO GAIN A REASONABLE PROFIT, BUYING A RECHARGE CARD OF N100 FROM MY DEALER AT THE RATE OF N97, I SALE IT AT THE RATE OF N100 MAKING A PROFIT OF N3 THEREFORE, A RECHARGE OF N100 REQUIRED N970 AND I MAKES N30 PROFIT. THEREFORE, TO STRIVE AND GROW IN THIS BUSINESS I NEED MORE MONEY, BECAUSE OF EXCHANGE RATE OF MY LOCAL CURRENCY AND FOREIGN MAKES THINGS A BIT DIFFICULT TO PAY BILLS
OUT OF THE LITLE I MADE FROM THE BUSINESS I PAY MY HANDOUT AND TRANSPORTATION IN SCHOOL, AM CURRENTLY STUDYING IN SCHOOL

Loan Proposal

SELLING OF AIRTIME TO CUSTOMERS

Feedback

None

None

None

Loan Info

Project Type

Classic Loan

Disbursed amount

$26.00

Date disbursed

Mar 22, 2019

Repayment status

On Time

Projected term

5 weeks

Lenders

Paul Buchheit

Mountain View, United States

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