To add mobile-money services to my business

Entrepreneur

About Me

My name is Ninkabs Kpachin Arnold. I am the first born of Mr and Mrs Ninkabs. I am a 22 year old calm, respectful, industrious and honest young man. I am born and nurtured by my both parents in kpandai a town in the northern part of Ghana. A peaceful and lovely town whose indigen are united and God fearing. I attended seventh-day Adventist basic and junior high school and completed in the year 2010. I lost my father on completing my junior high school education and my mother who was a substantial fishmonger had to take over the responsibility and took care of me through senior high school education. It was not easy in senior high school though, but I had to bear the situation in which I found my self and learn hard to score good grades in my final exams. I successfully completed my senior high school in 2013 and hopes were lost as to how to continue my education into the tertiary. Because of this, I travelled to the capital city, Accra to work and raise some money to further my tertiary education. Fortunately on getting to Madina bus station in Accra, I met with one commercial bus driver Mr. Gbande uborte and explained my situation to him and he took me as his conductor popularly known as mate in Ghana. I worked with him for one and a half year and was able to raise some little money and retarded down to my home town Kpandai. When i got home, I used the money to establish a business. I was retailing rechargeable cards of the major telecommunication networks in the country. I did that for six months and then handed over the business to my little sister when I gained admission to study Bachelor of science in Statistics in the university for development studies and when I come down on break, I take over the business and man it with my very best for it growth.

My Business

My business involves retailing of rechargeable cards and transfer of credit of the major telecommunication networks in the country. I chose retailing of rechargeable cards and transfer of credits because it is one of the risk free businesses you can invest into and make profit when you get a good and busy site (joint). Also the world is now a global village where we are all linked together by the internet. We entertain ourselves on line,school on line, shop on line, advertise our goods and services on line and a whole lot of businesses are now operating on line all of these accounted for the increase in the demand for these rechargeable cards in the country and the world as a whole and when one invest in them will realise a lot of profit since without these rechargeable cards we can not make calls or access the internet . It cost me GHs 300 to start retailing these rechargeable cards and now my revenue is about GHs 1052 after paying some of my school bills. I use 70 percent of my three months profit to pay my bills and reinvest the rest 30 percent of the three months profit in the business in other for it not to collapse. This is solely how I use the profit I make from my business.

Loan Proposal

I am Ninkabs Kpachin Arnold a level three hundred statistics student of the university for development studies. I always strive and pay my school bills from this little business of mine. I need this loan in other to help me expand my business and get more profit to pay my tuition fee, accommodation, buy books and pay some dues. I need about three hundred dollars to one thousand dollars to expand my business and serve my clients in other to make more profit.
This will help me pay my tuition fee, accommodation, buy books, pay dues and release stress on me and boost my my business. It will help me take care of my two siblings and my feeble mother.
When I invest the loan into this business, I expect my profit to increase between one hundred and one hundred and eighty dollars a month.

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