Expanding my phone business

Collins

Kumasi, Ghana

100% repaid

Entrepreneur

Name

Collins

Member since

June 2016

On-time repayments

64 installments  •  69%

About Me

My name is collins Twum Barimah, i'm a fante from the central region of Ghana. I'm 33 years of age, i completed my juniour high school education in the year 2002, i finished my seniour high school also in the year 2005, after my seniour high school educatin, things became tough for me, at that time my father felt sick and my mother's business too collapse so i decided to embark on this phone business, since i had no huge amount of capital to apply for loan, i could not expand the business so i quit until a freind gave me some money to add to the old capital, i have been using the small capital till this time.I'm methodist and also youth organiser as well.

My Business

I started this phone business with small amount of capital, i sell both china phones and android but the android ones are small so i'm planning of inreasing the quantity of the android next year, but for now i need this loan to increase the number of the china phones, so far i have about 90 china phones and 20 android ones. At first i used to repair phones and i now share a repairs shop with a freind in Ghana, i sell the phones at a road side,i will use the profit to pay my sibblings school fees and take care of my parents especially my granny who is sick.Also i will expand the business by opening a new branch next year if i get profit.

Loan Proposal

I will buy additional phones to the current ones i have, but it will be more of the china phones , i will buy small quantity of the smart phones, i want the number of the china phones to increase because that is what my customers need the most. I think with this money i can get about 4 smart phones and 15 normal phones, for the smart phones the value for each one can cost 38 to 40 dollars while the value for each normal pbone will cost about 15 to 25 dollars.

Feedback

None

None

None

Loan Info

Project Type

Classic Loan

Disbursed amount

$293.00

Date disbursed

Sep 13, 2016

Repayment status

On Time

Projected term

3 months

Lenders

A

Anninymouse

Southampton, United Kingdom

S

slevon

Hemsbach, Germany

TG

The Gwarden

Göteborg, Sweden

K

Krokslatt

Mölndal, Sweden

cyrus0302

San Francisco, United States

G

Gastao

Covilhã, Portugal

artnking

College Place, United States

Kjartan

Oslo, Norway

Zidisha

Sterling, United States

C

cjmenchaca

Austin, United States

E

ericcamden

Berkeley, United States

Tavin

Ottawa, Canada

CharlieBfl

Vaduz, Liechtenstein

HE

help each other

Glasgow, United Kingdom

indeh

London, United Kingdom

J

Jaslogic

Castle Rock, United States

rasmus

Bern, Switzerland

Cloudways

Malta, Malta

R

rpmccarthy

Sydney, Australia

yosefchayim

Bournemouth, United Kingdom

A

argos

Zurich, Switzerland

M

michaelangers

Toronto, Canada

Christopher

Copenhagen, Denmark

O

Orenius

Tacoma, United States

V

Valis

Singapore, Singapore

basicus

Cairo, Egypt

Zal0m0n

Atlantis!!!! x), Mauritania

F

Forfex

Zurich, Switzerland

C

cranejoad

cazenovia, United States

xtrahardware

Cazenovia, United States

S

Sjors

Eindhoven, Netherlands

G

GoCO

Golden, Co, United States

L

Lennert

Alphen aan den Rijn, Netherlands

G

guggl

Vienna, Austria

G

GanSatya

United States

sderickson

Berkeley, CA, United States

J

janakan

Hong Kong, Hong Kong

pvilliger

Zurich, Switzerland

Matching Fund

Sterling, United States

cc5alive

Los Angeles, United States

Paul Buchheit

Mountain View, United States

TheGoodData

London, United Kingdom

ME

Manaal Eisa

Washington DC, United States

PG

Paul Graham

United States

Cliff

United States

DM

Dimitri Malarme

Brussels, Belgium, Belgium

Thomas

Sweden, Sweden

O

Osman

Czech Republic

LZ

Li Zhang

United Kingdom

Sinan Taifour

Munich, Germany, Germany

Craig Newmark

United States

Humble Bundle Community

San Francisco, United States

L

Lillian

United States

Mary Norton

Byron Bay, Australia

HCPSPIRIT

Helsinki, Finland

Dean Suminski

Portland, Oregon, United States

A

Anonymous

United States

GS

Gary Sinard

Franklin, TN, United States

Bo Rosén

Eslöv, Sweden

A

Anonymous

United States

M

Mack

Harbor, Oregon, United States

A

anna

Sacramento, California, United States

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