Michael Asare Sarpong spends his mornings in scrubs and his afternoons surrounded by racks of colourful shirts. A full-time nurse, he also owns Sarpong Asare Ventures—a boutique that started as a single shelf in his living room and now keeps three mobile-money kiosks busy.
The spark was a chance visit from a Fido field agent. Michael was already running mobile-money (MoMo) services on the side, and the agent explained that MoMo operators qualified for fast, collateral-free loans. One month later, he downloaded the app, requested his first advance, and watched the money land in his wallet before his shift ended.
Michael’s first loans were small—just enough to keep his MoMo business liquid. But as he built a repayment record, his score increased and he got bigger loan offers. When it reached a level that could buy real inventory, he started to invest more in his boutique business. After eighteen months of borrowing and repaying. The instant capital lets him restock whenever styles change or demand spikes, without draining savings or short-changing his nursing income.
A single buying trip can double his boutique’s monthly sales, but Michael didn’t stop there. Last year, he redirected ₵5,000 of one loan to open a new MoMo kiosk, putting a young relative behind the counter and adding another revenue stream. Between the kiosk team and part-time shop assistants, he now provides work for three people.
Michael chose a Fido loan because it was cheaper. He looked at rates from banks and other lenders, but Fido’s daily charge was the lowest and easiest to understand, so he decided to borrow from us.
Michael looks foward to expanding his businesses and continues to count on the support of Fido anytime he needs a loan.
I’ve never missed a payment, so I know the limit will rise. When it does, I’ll be ready.
Until then, the nurse-turned entrepreneur keeps refining the cycle that has already lifted his income, expanded his staff, and proven that small, well-timed credit can fuel outsized dreams.
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