• A savvy 29-year old entrepreneur, Abraham is looking to expand his mobile and money services business. With just a small investment he was able to increase his sales by 50% and can continue to grow now that the lockdown is ending.  He needs an investment to open his own shop and also sell electronics like phones. As his business grows, he will offer employment and leadership training to young entrepreneurs and students in his community, as well as continue to look after his family.

Published
$200.00 of $450.00 goal
 

Tax-deductible in USA

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About The Project

$450 is the total amount needed to expand the business
$150 is the amount that Abraham and his family will invest

Abraham is a savvy entrepreneur who provides mobile and money services for his community in Buchanan.  
In March Abraham got a $100 investment from CII and he was able to increase his business revenue by 50%. He currently offers services in money exchange and transfer (Orange and Lonestar providers) as well as SIM registration.

To expand his business, he wants to sell a variety of sim cards, electrical materials, and phones.  These are goods that people  buy daily, so Abraham expects that they will increase his earnings.  As his business improves, he seeks to open a small shop where he can help two people join his project and to offer employment for others.  With his background in leadership training, Abraham also seeks investment for conducting leadership training for students and those not in school. 



Paying it Forward

In May Abraham helped Mary to pay for medicine.  She has not been well.  His family also helps a driver and two others that are trying to survive in business as well as a student.  He copies books for them. 

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Backstory

LB0020: In 2016, Abraham graduated from the Bassa High School in Buchanan. But before he finished high school, his older brother went out of business. So Abraham moved to Monrovia to make a living and help support his family. His friend Jacob Chenny was holding about $40,000LRD ($200USD) that he returned so that he could start his business. And in March 2018 Abraham began his business with money exchanging and selling of scratch cards. Eight months later, he added Lonestar GSM Mobile Money services to the business. Then in February 2019, he added the Orange GSM Mobile Money Services.Abraham’s business sustains him and his family of four, including his two children. Through his business, Abraham looks to earn enough to return to school and obtain his university education. One of his greatest challenges is supporting extended family who ask him for help, which he does through his business. Another of his challenges is credit and relationships with customers. Abraham credits mobile money to customers’ family members and friends, but his customers do not always pay him back on time. Abraham, however, places value in his relationship with customers, offering them credit because he wants to maintain these relationships across time.

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  • Alexander Goodwin
    Alexander Goodwin is following the project Abraham's Small Banking Business Center
    Jan 9
  • Alexander Goodwin
    Alexander Goodwin has donated the project Abraham's Small Banking Business Center
    Jan 9

    Hi Everyone, Join me on donating to this project!

    Dontated $15.00
    to this project - Abraham's Small Banking Business Center

    1 like(s)

  • Tamba David
    Tamba David has posted in the project Abraham's Small Banking Business Center
    October 30, 2020
    From the group #5,in Liberia we are happy
  • Tamba David
    Tamba David has posted in the project Abraham's Small Banking Business Center
    October 30, 2020
    I must appreciate you all from the CII family in Liberia here .We tell you're a very big thanks ,for every things your doing for us .
  • Rohit Menezes
    Rohit Menezes has donated the project Abraham's Small Banking Business Center
    July 13, 2020

    Hi Everyone, Join me on donating to this project!

    Dontated $25.00
    to this project - Abraham's Small Banking Business Center

    1 like(s)

  • Mauricio Miller
    Mauricio Miller has donated the project Abraham's Small Banking Business Center
    June 23, 2020

    Hi Everyone, Join me on donating to this project!

    Dontated $10.00
    to this project - Abraham's Small Banking Business Center

    1 like(s)

  • Mauricio Miller
    Mauricio Miller is following the project Abraham's Small Banking Business Center
    June 23, 2020
  • Bruno Schaffa
    Bruno Schaffa is following the project Abraham's Small Banking Business Center
    May 4, 2020

United Nations Sustainable Development Goals

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Location Information

  • Location : Buchanan, Liberia
  • Formatted Address : Buchanan, Liberia
  • Street Address : Buchanan
  • City : Commonwealth-B
  • State :
  • Country : Liberia

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Basic Information

  • Created By : Bruno Schaffa
  • Published On : May 3, 2020, 5:00 PM
  • Funding Ends : May 2, 2021, 5:00 PM
  • Category : Others
  • Backer :
  • Address : -
  • Phone : -
  • Email : -
  • Description : LB0020: In 2016, Abraham graduated from the Bassa High School in Buchanan. But before he finished high school, his older brother went out of business. So Abraham moved to Monrovia to make a living and help support his family. His friend Jacob Chenny was holding about $40,000LRD ($200USD) that he...  more

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