To purchase accessories to stock the shop to maximize profit
Michael
Accra, Ghana
14% repaid
Entrepreneur
Name
Michael
Member since
April 2014
On-time repayments
145 installments • 32%
About Me
I am Michael Kwarteng,I am 25 years old and Christian. I'm the fourth of six children to my parents and Ghanaian by birth and live in the capital town of Ghana, Accra.
I was student from National Institute of Information and Technology (NIIT) Accra, but currently pursuing my BSc IT program (distance education student) at Accra Institute Technology,. I am a good Christian and love evangelism work as well.
As a young entrepreneur I own a computer shop which I offer IT Training, Office Networking, Computer sales and repairs,
Architectural drawing, Graphic designing and Photo copies and many more .
My Business
In a growing era of personal needs and desires, income is the one of the most satisfying factor of an individual’s life. Income from multiple sources is one of the most required trends of present requirements and lifestyle. People with ordinary or average income generally face a greater impact on their lives when their single source of income is challenged. It takes them a larger span of time to come down to the basics once they start suffering due to their single income source. As a result of this their physical and mental health also gets affected.
My source of income is based on the following:
As a young entrepreneur, I own and manage a computer shop (euro IT Solutions) which gives me a lot of income. But there are more room for improvement with little efforts from well wishes.
I like my profession because it gives me a lot of experiences and shows me a different range of life backgrounds and human behaviours specifically of the youth.
However, sometimes I've had a hard time since there are a lot of challenges as well. But even so, I've tried to look in a positive side, because I know dealing with human isn't an easy thing.
In order to improve my work performance and myself, I believe there are still many things I have to learn, and need to strive for to become a successful entrepreneur in the future.
Providing professional IT services has been my passion always. I want to make my professional services available not only in my locality but across the country and worldwide. However, It has been a worry to me as to how to expand my business without the requisite financial backing. Things have been in a standstill for quite too long. I am looking forward to expanding my business to new locations. I also want to provide more improved IT Services to better satisfy my client's needs. I believe that with the necessary assistance, i can reach higher heights!
Loan Proposal
In a growing era of personal needs and desires, income is the one of the most satisfying factor of an individual’s life. Income from multiple sources is one of the most required trends of present requirements since income are better than wages.
In view of these i have decided to use the money if granted to buy some more accessories and teaching materials which is estimated around 600 dollars.
This will help in increasing my income because the demand for these things are high and am going to increase my sales and also since the office is on university campus, students to have easy access any time they are in need of it. Students are required to make a time-consuming and costly trip to the inner city to service their computers and to buy some common accessories.
The accessories includes external hard drives, pen drives, mouse, usb network cards, sd cards, screen protectors and lap tops parts.
Sales from these items will double the requested amount which is going to help in cash inflow of business and to help in my loan repayment on time.
Hoping to be founded on time. Thank you.
Feedback
Positive
7
Neutral
None
Negative
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Loan Info
Project Type
Classic Loan
Disbursed amount
$492.00
Date disbursed
Jun 30, 2015
Repayment status
Late
Projected term
24 months
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Summary
Amount repaid
$75.00
Amount remaining
$480.25
Expected completion
Jul 16, 2017
Status
Repaying late
Installment amount
$5.00
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Jul 12, 2015 | $39.50 | Jul 15, 2015 | $39.50 |
| Jul 19, 2015 | $10.50 | Jul 15, 2015 | $10.50 |
| Jul 26, 2015 | $0.00 | ||
| Aug 2, 2015 | $0.00 | ||
| Aug 9, 2015 | $5.00 | Aug 6, 2015 | $5.00 |
| Aug 16, 2015 | $5.00 | Aug 6, 2015 | $5.00 |
| Aug 23, 2015 | $5.00 | Aug 22, 2015 | $5.00 |
| Aug 30, 2015 | $5.00 | Aug 22, 2015 | $5.00 |
| Sep 6, 2015 | $5.00 | Sep 10, 2015 | $5.00 |
| Sep 13, 2015 | $5.00 | ||
| Sep 20, 2015 | $5.00 | ||
| Sep 27, 2015 | $5.00 | ||
| Oct 4, 2015 | $5.00 | ||
| Oct 11, 2015 | $5.00 | ||
| Oct 18, 2015 | $5.00 | ||
| Oct 25, 2015 | $5.00 | ||
| Nov 1, 2015 | $5.00 | ||
| Nov 8, 2015 | $5.00 | ||
| Nov 15, 2015 | $5.00 | ||
| Nov 22, 2015 | $5.00 | ||
| Nov 29, 2015 | $5.00 | ||
| Dec 6, 2015 | $5.00 | ||
| Dec 13, 2015 | $5.00 | ||
| Dec 20, 2015 | $5.00 | ||
| Dec 27, 2015 | $5.00 | ||
| Jan 3, 2016 | $5.00 | ||
| Jan 10, 2016 | $5.00 | ||
| Jan 17, 2016 | $5.00 | ||
| Jan 24, 2016 | $5.00 | ||
| Jan 31, 2016 | $5.00 | ||
| Feb 7, 2016 | $5.00 | ||
| Feb 14, 2016 | $5.00 | ||
| Feb 21, 2016 | $5.00 | ||
| Feb 28, 2016 | $5.00 | ||
| Mar 6, 2016 | $5.00 | ||
| Mar 13, 2016 | $5.00 | ||
| Mar 20, 2016 | $5.00 | ||
| Mar 27, 2016 | $5.00 | ||
| Apr 3, 2016 | $5.00 | ||
| Apr 10, 2016 | $5.00 | ||
| Apr 17, 2016 | $5.00 | ||
| Apr 24, 2016 | $5.00 | ||
| May 1, 2016 | $5.00 | ||
| May 8, 2016 | $5.00 | ||
| May 15, 2016 | $5.00 | ||
| May 22, 2016 | $5.00 | ||
| May 29, 2016 | $5.00 | ||
| Jun 5, 2016 | $5.00 | ||
| Jun 12, 2016 | $5.00 | ||
| Jun 19, 2016 | $5.00 | ||
| Jun 26, 2016 | $5.00 | ||
| Jul 3, 2016 | $5.00 | ||
| Jul 10, 2016 | $5.00 | ||
| Jul 17, 2016 | $5.00 | ||
| Jul 24, 2016 | $5.00 | ||
| Jul 31, 2016 | $5.00 | ||
| Aug 7, 2016 | $5.00 | ||
| Aug 14, 2016 | $5.00 | ||
| Aug 21, 2016 | $5.00 | ||
| Aug 28, 2016 | $5.00 | ||
| Sep 4, 2016 | $5.00 | ||
| Sep 11, 2016 | $5.00 | ||
| Sep 18, 2016 | $5.00 | ||
| Sep 25, 2016 | $5.00 | ||
| Oct 2, 2016 | $5.00 | ||
| Oct 9, 2016 | $5.00 | ||
| Oct 16, 2016 | $5.00 | ||
| Oct 23, 2016 | $5.00 | ||
| Oct 30, 2016 | $5.00 | ||
| Nov 6, 2016 | $5.00 | ||
| Nov 13, 2016 | $5.00 | ||
| Nov 20, 2016 | $5.00 | ||
| Nov 27, 2016 | $5.00 | ||
| Dec 4, 2016 | $5.00 | ||
| Dec 11, 2016 | $5.00 | ||
| Dec 18, 2016 | $5.00 | ||
| Dec 25, 2016 | $5.00 | ||
| Jan 1, 2017 | $5.00 | ||
| Jan 8, 2017 | $5.00 | ||
| Jan 15, 2017 | $5.00 | ||
| Jan 22, 2017 | $5.00 | ||
| Jan 29, 2017 | $5.00 | ||
| Feb 5, 2017 | $5.00 | ||
| Feb 12, 2017 | $5.00 | ||
| Feb 19, 2017 | $5.00 | ||
| Feb 26, 2017 | $5.00 | ||
| Mar 5, 2017 | $5.00 | ||
| Mar 12, 2017 | $5.00 | ||
| Mar 19, 2017 | $5.00 | ||
| Mar 26, 2017 | $5.00 | ||
| Apr 2, 2017 | $5.00 | ||
| Apr 9, 2017 | $5.00 | ||
| Apr 16, 2017 | $5.00 | ||
| Apr 23, 2017 | $5.00 | ||
| Apr 30, 2017 | $5.00 | ||
| May 7, 2017 | $5.00 | ||
| May 14, 2017 | $5.00 | ||
| May 21, 2017 | $5.00 | ||
| May 28, 2017 | $5.00 | ||
| Jun 4, 2017 | $5.00 | ||
| Jun 11, 2017 | $5.00 | ||
| Jun 18, 2017 | $5.00 | ||
| Jun 25, 2017 | $5.00 | ||
| Jul 2, 2017 | $5.00 | ||
| Jul 9, 2017 | $5.00 | ||
| Jul 16, 2017 | $0.25 | ||
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