To use the loan for my mobile money business
Francis
Poase Cement, Ghana
12% repaid
Entrepreneur
Name
Francis
Member since
July 2020
On-time repayments
31 installments • 68%
About Me
My name is Francis Amo,I am a Ghanaian by birth.I work and live in Ghana.I am the first born of a family of six.I am 32 years old.I am married with one child.I am government employee and also entrepreneur.Though I receive government salaries, it is too small for me to achieve my dreams.Due to that I decided to set up a provision store to sell food products like beverages,candies,biscuits,soft drinks and others with the view that with another source of income, I would be able to achieve my dreams one.My family depend on me for everything so I have to work hard so that I can always provide for my family.
My Business
I operate a provision store and also government employee with this I will be able to pay the loan.People in my area like buying beverages everyday that has made me to enter that venture so that I can provide for my people what they need.
Loan Proposal
I will like to use the loan as E-cash and physical cash for my mobile money business.MoMo business is now the order of the day.It is the most lucrative business now.But if one is not having E-CASH and physical cash it makes the business dormant and one my not get the necessary commission one is to get.
Income Source
I will be able to operate always since my business is among those businesses which are allowed to operate even during the lockdown.Since people can't go to banks and other physical financial institutions they result in transacting business with the mobile money operators.As such I will be able to save enough money to pay for the loan.I promise to always pay my loan on time without defaulting in paying my loans.Thanks
Feedback
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Loan Info
Project Type
Classic Loan
Disbursed amount
$918.00
Date disbursed
Oct 7, 2020
Repayment status
Late
Projected term
4 months
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Summary
Amount repaid
$105.63
Amount remaining
$812.74
Expected completion
Mar 8, 2021
Status
Repaying late
Installment amount
$10.40
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Oct 19, 2020 | $0.00 | ||
| Oct 26, 2020 | $1.67 | Oct 20, 2020 | $0.19 |
| Oct 28, 2020 | $1.49 | ||
| Nov 2, 2020 | $1.86 | Nov 2, 2020 | $1.86 |
| Nov 9, 2020 | $3.71 | Nov 9, 2020 | $3.71 |
| Nov 16, 2020 | $0.00 | ||
| Nov 23, 2020 | $16.71 | Nov 18, 2020 | $5.57 |
| Nov 27, 2020 | $11.14 | ||
| Nov 30, 2020 | $3.71 | Dec 6, 2020 | $3.71 |
| Dec 7, 2020 | $18.56 | Dec 9, 2020 | $18.56 |
| Dec 14, 2020 | $18.56 | Dec 14, 2020 | $18.56 |
| Dec 21, 2020 | $18.56 | Dec 23, 2020 | $18.56 |
| Dec 28, 2020 | $18.56 | Dec 29, 2020 | $18.56 |
| Jan 4, 2021 | $1.86 | Mar 19, 2021 | $1.86 |
| Jan 11, 2021 | $0.00 | ||
| Jan 18, 2021 | $0.00 | ||
| Jan 25, 2021 | $0.00 | ||
| Feb 1, 2021 | $10.40 | Mar 1, 2022 | $1.86 |
| Feb 8, 2021 | $10.40 | ||
| Feb 15, 2021 | $10.40 | ||
| Feb 22, 2021 | $10.40 | ||
| Mar 1, 2021 | $10.40 | ||
| Mar 8, 2021 | $762.62 | ||
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