Loan for purchasing & selling satellite-TV accessories

Mamudu

Kumasi, Ghana

100% repaid

Follow Mamudu

How it Works

Entrepreneur

Name

Mamudu

Member since

September 2018

On-time repayments

15 installments • 87%

About Me

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.

My Business

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.

Loan Proposal

I am in to purchasing and selling of satellite equipment and its accessories. It is a business that is a capital intensive business and therefore need's considerably a high amount as a capital. This loan will help me increase my capital and profit for that matter although the amount involve is small.
The items I will buy are listed below
KULMB____2-3 dollars
Satellite dish----10-30 dollars
Remote control----2-3 dollars
Decorders-------20-100 dollars
I intend to reinvest the profit back in the business so I reap much more benefit or profit. Should things go according my plans, it will go a long way to make me self reliant and become financially independent. Considering the amount I am applying for currently, the increase in my profit will be insignificant but I'm positive that better days are ahead.
Thank you,