Elsever is busy selling equipment necessary for mobile phones and different types of phones. He used his first loan of $500 from Normicro to rent a shop. Later, he borrowed $1000 and expanded his business. The loans were paid back on time.
Now, he needs to take out another loan. He would like to receive a $1500 loan in order to expand his business. He wants to buy different types of phones to sell. He will repay the loan within 12 months. He hopes eventually to expand his business and improve the living conditions of his family. He will repay his loan on a monthly basis.
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