Loan to support my mobile money shop

Entrepreneur

About Me

I started my childhood education at rising star international school.when i started school my family were having financial problem and due to this was facing problems whiles in school. For this reason, i use to assist a family friend with his mobile money shop as an apprentice. i did this for sometime and was earning something from there to support my parent for my school. i did this until i graduated from my senior high school. After my senior high school, i decided to start up my own from the little money i have saved. i did this because i realize this was a good earning business. The unique thing about my land is the people there are hospitable and kind to foreigners and also the land is full of natural resources. my hobby is listening to music and reading.

My Business

i provide as a source of easy source of helping people receive the money from far and near. I as well provide scratch cards for people anytime they wish to make calls and they are out of credit. these goods and services are useful because it help reduce stress of people of travel all the way to take money from people instead the money is just transferred into the phone account and they come in to redraw at their near by merchant. i chose this kind of business because it is very profitable. the typical cost and revenue for my business is 10%. i use the profit to reinvest into my business and also save some to support my unborn kids in the near by future.

Loan Proposal

When I receive this loan, I will purchase more of the mtn, Vodafone and Tigo scratch cards to my shop to be able to provide them to my customers when needed. Again I will load some of the into my mobile money account to send money to customers when they come for sending or redrawal.
The price of a card depending on their prices is $5 to $12 depending on the type you wish to buy. Also I will load an amount of $25 into my money transaction number to be able to send or redraw money for my customers

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Loan Info