Total loan: $925
Makeni, Northern Province, Sierra Leone / Retail
Flag of Sierra Leone
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A loan helped to buy mobile phones - 16 pieces @ SLL 250,000.
This is 25 year-old Ibrahim. He is married to a business woman and has 1 child, aged 4 years, who is going to school. In 2005, Ibrahim established his business selling mobile phones, phone batteries, top-up cards, ear phones, phone chargers, memory cards, MPs and drinks. Working 7 days a week and 13 hours a day, he earns about SLL 2,954,500 every month from this business. He would like a loan in the amount of SLL 4,000,000. Ibrahim requires a loan in order to purchase the following items: mobile phones - 16 pieces @ SLL 250,000. He hopes that this loan will enable him to increase his monthly profits by approximately SLL 295,450. In the future, Ibrahim plans to build a house, provide a quality education for his child and to have a shop. He feels happy about taking this loan as it will help him to increase his income. His major problem is with the phone batteries because customers will buy them and sometimes returns them for being damaged. He serves over 100 customers each day. His business is popular. He is assisted by his spouse. His suppliers are located in Freetown. He transports his goods by public vehicle and he makes purchases twice in a month. He ploughs some of his profit into the business and uses the balance to buy building materials. He is planning to expand and this can be accomplished by managing the business well. Ibrahim is trust worthy and hardworking. He thanks you for your support.