Animal rearing, tricycle, and furnish my barbershop

Mustapha

Techiman, Ghana

100% repaid

Entrepreneur

Name

Mustapha

Member since

June 2016

On-time repayments

276 installments  •  92%

About Me

I attended my primary education in a village called Aworopataa near Ahansua in Techiman Municipality.My father was a peasant farmer with eleven(11)children. I was the first born but due to financial problems,i was instructed by my father to assist him in farming as a first born. I struggled to convinced my uncle to beg my parents to send me to school. But my father was not interested to send me to school. I was therefore rejected by my father instead of helping him in farm.I moved to stay in Techiman with my uncle partially while with my parents looking for job to take myself to school at the tender age of 12yrs.Still in primary school. Gaining a job as a truck pusher in Techiman market,with my master Kwadwo Moses (may his soul rest in perfect peace) who helped me in sending me to school.
In middle school, i was enrolled to take part in common entrance of which i passed successfully in gaining admission into secondary school in 1988-1989 academic year. Looking at my seriousness in school and financial problems i was considered as brilliant but needy student. I was given a scholarship in the school. Graduated and i was appointed to teach as pupil teacher.
Now,with a little salary i managed to open a scratch sheep rearing (animal farm)to assist my work and my family.
I therefore wouldn't like my children suffer
the way i struggled. That is why i need assistance from your reputable organization to help me expand the rearing of the animal and again use part of the accrued profit to do more ventures like barbering salon, tricycle to transport feedings to the animal house and to the market for their sales and more. Thank you.

My Business

I buy and sell all kinds of sheep breeds to support my family as a living.
This is very lucrative job as people who wanted in large quantity i do supply them for both retail and wholesale that is one or more.
I choose this kind of business because the demand and supply is good and high in demand and considering the profit margin is not bad.The cost involved in buying their feeding and vaccination or drugs are moderate and the profit margin is not all that bad as comparing the expenditure and the income, the income is more than the expenditure which the profit margin is very high.
The cost of buying one sheep is between 350Ghs and the cost of selling the sheep within one year will be the twice of the cost of buying that is 700Ghs per one for the season or at times higher during occasion like Christmas , Easter etc
Again, Islamic festivities like Ramadan(Edul-Fitr)and Edul-Adha(sacrifice) where animals are used for these occasions.
Moreover, we have traditional festivities as well where animals are used.Traditional festival in my community like Apour festival, Adae festival and all kind of traditional occasions animals are used.
The profit was at times used to reinvestment in growing the business home improvement and used to settled children school fees and invent more lucrative businesses like barbering salon, trotro(transport)etc

Loan Proposal

I am going to use the loan to buy additional and improve breeds of sheep and use the rest to complete my incomplete barbering salon at the expense of $11,200 .
The items needed to complete my barbering salon project is as follows:
1.Long mirror for shaving=$1,000.
2.Sliding doors=$2,500.
3.Shaving machines=$150.
4.Pomade and Spirit=$100.
5.Sliding windows=$950.
6.Metal chair for customers=$250.
7.Furnitures for sitting(customers)=$2,000.
8.Sterilizer machine =$450.
9.Light and fittings=$2,500.
10.Signboard and banner=$400.
11.Workmanship=$1,000.
The rearing of these animals, tricycle and the barbering salon are very lucrative business in my community and it's going to benefit the public,family and friends.And among the benefits are:
1.Animals for solving my customers and consumers of celebrating parties,funeral rites, marriage rites, festivities purposes etc.
As well as generating income to solve my family problems and needy or aged in my community and beyond.
2.Tricycle for transportation of animals feeds,animals to and from market source etc.
3.Barbering salon for trimming of hair and beards etc.
Also, people in my community will no longer search for barbering shops or salon at far but to get one in their foot steps and also to create job for my people especially those with shaving skills to be employed by me as they resort in roaming around aimlessly.
All these mentioned above,are to help the community, my family and aged and needy in my community to enable them gain meaningful work to do as i expand my business through Zidisha micro-lenders.
Hopefully, am going to generate much profit more than before at least from 70% increase in addition to the previous loan collected by the grace of God because i know what am saying. My community will enjoy these benefit and would be glad to see this new development.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$1,114.00

Date disbursed

Jun 8, 2018

Repayment status

On Time

Projected term

38 months

Lenders

Cloudways

Malta, Malta

Christopher

Copenhagen, Denmark

Freewolf

Salt Lake City, United States

JO

Johan O

Borlänge, Sweden

KE

Karen Epolito

Syracuse, NY, United States

Sinan Taifour

Munich, Germany, Germany

MF

Mike Frawley

United States

HCPSPIRIT

Helsinki, Finland

GS

Gary Sinard

Franklin, TN, United States

Paul Buchheit

Mountain View, United States

L

lysander

Australia

AA

Andrew and Kim

Nashville, TN, United States

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