To pay my mother's hospital bill

Asiedu

Berekum, Ghana

100% repaid

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How it Works

Entrepreneur

Name

Asiedu

Member since

August 2015

On-time repayments

87 installments • 66%

About Me

About Me
M y name is Asiedu Bright. I am the fifth born of my parents. I completed Mpatasie Presby Primary and Junior High School. After my basic education, I furthered to Osei Tutu Senior High School.
After my senior high education, I was working as a shop attendant in a super market to feed my family and myself. My parents are old to work and since they were not employed by the government, they had no pension pay.This made life difficult for my family. So I became the sole bread winner.
After two years I borrowed money from the bank to start selling mobile phones on a table. Working for a while, I got money to rent a shop where I sell mobile phones till date.
Children in my community study very hard and are punctual at school.Their ambition is to become entrepreneurs when they grow.
I like watching movie and listening to music during my leisure time.

My Business

I am entrepreneur. I manage my own mobile phone shop. I sell mobile phone batteries,chargers, and mobile phones.
The demand for these products is high because everybody needs phone and wants to abreast with technology. Since the demand for mobile phone,chargers and batteries is high my sales is high and my revenue is always good.
My weekly cost is $200 and my revenue is $600.
I use part of my profit for reinvestment and support my siblings education as well.

Loan Proposal

When I am given the loan, I will use 80% of the loan to pay for my mother's hospital bill. I will use the remaining 20% to buy mobile phone chargers and batteries to replenish my stock. My mother is very sick and she has been admitted at the hospital for the past two weeks. I have spent a lot of money on her. I am short of money now. Her hospital bill is $80. She is required to pay this money before she is discharged. So help me raised this fund. The 20% of the loan that will be use to invest in my mobile phone shop will increase my sales by 25% . This is because the demand for the items in my shop is high in my community.