27.3 C
Accra
Friday, July 5, 2024
BusinessI used proceeds from selling my family's TV to start my business...

Date:

I used proceeds from selling my family’s TV to start my business – CEO of Quick Credit

spot_img

The founder of Bills Micro-Credit, formerly known as Quick Credit, Richard Nii-Armah Quaye, has shared the modest beginnings of his entrepreneurial journey.

He revealed that he initiated his company by selling his family’s television set.

- Advertisement -

Returning to Ghana after years abroad, Mr. Quaye found himself perceived as affluent by his community members, who frequently sought financial aid from him.

Despite lacking significant funds upon his return, Quaye seized the opportunity to establish himself as a loan provider in his locality.

- Advertisement -

Starting on a small scale, he extended loans to community members for various needs such as school fees and medical expenses.

To secure capital for his venture, Quaye made the tough choice of selling off family belongings, including their television and freezers. The proceeds from these sales served as the initial investment for his business.

- Advertisement -

As his enterprise grew, it transformed into Quick Credit and Micro Investments, expanding its clientele and offering a broader array of financial services.

Latest stories

Growing calls for Kwasi Appiah’s resignation from Ghana FA Executive Council

There is increasing pressure on Sudan national team head...

Hajia4Reall didn’t snitch on those involved in romance scam case – Lawyers

Fast Law PC, representing Mona Montrage, popularly known as...

Fiifi Boafo to serve as spokesperson for NAPO

The Head of Corporate Affairs at COCOBOD, Fiifi Boafo,...

Samuel Eto’o fined $200k for breach of CAF ethics, link with 1XBET

CAF Disciplinary Board has issued a verdict regarding Samuel...

World Bank supports COCOBOD’s cocoa rehabilitation with $100m

The Ghana Cocoa Board (COCOBOD) has successfully obtained a...

Court postpones Kasoa soldier murder case to July 17

The Achimota District Court has postponed the trial of...

Portugal to face France in UEFA Euro 2024 quarterfinal match

As Euro 2024 progresses, the highly anticipated quarterfinal showdown...

Related stories

World Bank supports COCOBOD’s cocoa rehabilitation with $100m

The Ghana Cocoa Board (COCOBOD) has successfully obtained a...

GIPC CEO justifies decision to scrap capital requirements for foreign businesses

Chief Executive of the Ghana Investment Promotion Centre (GIPC),Yofi...

Labour Bank: TUC to set-up bank to support its members

Trade Union Congress (TUC) has announced its intention to...

Implement sustainable revenue measures to restore macroeconomic stability – Gov’t told

Policymakers and academics have emphasized the urgent need for...

Ghana’s exports to EU countries surged 200 million euros in 2023

Ghana's trade with the European Union (EU) showed promising...

The term of BoG Governor must overlap that of the President to ensure continuity – IEA

The Institute of Economic Affairs (IEA) is urging substantial...

Ghana is rapidly leading in adoption of cryptocurrency – Report

The largest cryptocurrency exchange platform globally, Binance, published findings...

LEAVE A REPLY

Please enter your comment!
Please enter your name here