Mamudu
Kumasi, Ghana
100% repaid
Name
Mamudu
Member since
September 2018
On-time repayments
15 installments • 87%
My name is Nuhu Mamudu and I attended my primary school at Gingade Middle School in Bawku in the Upper East Region of Ghana.
I completed middle school which was form four in 1981. I then decided to drive a commercial vehicle.
Then in the year 2000, I start a business of buying and selling and with that am able to overcome some challenges.
The uniqueness of my culture is that most of our people are farming and also producing of charcoal
My children have a plan of getting to the highest level of education to attain success in life.
I watch Television and also do a lot of exercise.
I provide Satellite Equipment such as KU dishes, Decoders, Remote control etc.
These equipment are used for tracking signals for satellite T.V channels.
A friend introduced me into this business and i enjoyed using the satellite so I decided to buy some and sell.
My cost for purchasing these equipment is abut GHS 3000 and my revenue also rises base on the size of the market.
Some of the profit is reinvested into the business which will enable the business to grow and also enable me pay my wards school fees with ease.
My line of business is buying and selling of satellite and its accessories. I will use this loan to buy satellite accessories like C-Band which cost between 50 to 200 dollars, the prices varies based on sizes. KULMB also cost between 2 dollars to 50 dollars also based on sizes. Remote control also cost 2 dollars to 20 dollars. Satellite dishes also cost between 10 dollars to 100 dollars.
This loan is going to help me buy more of these accessories and resell. It will therefore help to increase my revenue and profit as well. This will also help me in building my business to become financial independent.
Positive
None
Neutral
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Negative
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Project Type
Classic Loan
Disbursed amount
$137.06
Date disbursed
Nov 24, 2018
Repayment status
Late
Projected term
1 week
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