Richard Nii-Armah Quaye, the founder of Bills Micro-Credit, formerly known as Quick Credit, has talked about the modest beginnings of his entrepreneurial career. He said that he sold his family’s household items to raise the initial capital for his business.
Quaye revealed that after spending years living overseas, he returned to Ghana with the idea to start his own business.
After he returned, he discovered that people in his town thought highly of him and frequently came to him for financial support.
Even though he didn’t come back with much money, Quaye claimed he took advantage of the chance to establish himself as a loan shark in his community.
He claims that his business began modestly, with him lending money to locals for a range of needs like tuition, medical bills, and other requirements.
Quaye claimed he had to make the painful choice to sell off family items like their TV and freezers in order to raise money for his business. His business’s first investment came from the money he made from these sales.
His company grew over time, becoming Micro Investments and Quick Credit, serving a broader customer and providing more financial services.
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