Beauty salon

Owusu

Hwidiem, Ghana

100% repaid

Entrepreneur

Name

Owusu

Member since

July 2017

On-time repayments

83 installments  •  88%

About Me

I am Owusu Berchie, holder of Bsc Management degree and HND Marketing from the University Cape Coast and Sunyani Polytechnic respectively. I am also a staff of National Health Insurance Authority - Asutifi Office. As a child, my Dad who was an Agriculturist and the only breadwinner of a family of eight, wanted to see me go higher on the education ladder but unfortunately he passed-on few months into my final senior high school exams. I wrote my final exams whilst the remains of my father was still in the morgue. I knew education was my only way out and thankfully, in the midst of all the difficulties, I made it to the Polytechnic and subsequently to the University. I started my MTN mobile money transaction when a friend of mine educated me on business and its potential growth. I have a three year old daughter called Fiona and my dream is to see her become one the best layers of her generation. I have set a monthly contribution for her education fund towards her higher education. The fund can only be assess by her when she attains eighteen years. Football is my passion and the beautiful game takes greater part of my pastime. Watching Game Of Thrones is also one of favorite leisure hours and ardent fun of Manchester United.

My Business

My business, the MTN mobile money services is a mainly transfer or receipt of fund through mobile phone. The operation is done offline and you only need a registered chip from the network provider (MTN) and cash deposit to start the business. The more funds you have in your mobile money wallet or phone, the more you are able to do more transactions and the greater your profit margins. Profits or gains are generated by the number of transaction you do per month. The service is currently booming in my country as seven in ten adults currently send and/or receive money through the service which is also helped by the large mobile penetration in my country. The growth potential is also enormous as additional services such purchase of government treasury bills and mobile savings breaking new frontiers. I plan to do my Masters (second degree) once my business is well established and new branches opened.

Loan Proposal

Good afternoon,
I am very thankful to all those whose contributions have seen me built my hair salon little by little up to this point where it's functional and contributing financially in my life.
I seek to apply for another loan that will solely be used to purchase a 43"inch television for my hair salon. The television, when purchased, will help entertain clients who does their hair at my place. The television will engage clients whilst they wait to be attended to and this I believe, will surely have a positive effect on my business, in terms of clients patronage.
I am here again, asking for your help in funding my loan request and l will forever be grateful, as I have always been.
Thank you.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$342.00

Date disbursed

Nov 15, 2018

Repayment status

On Time

Projected term

2 months

Lenders

DeanDropshot

Oslo, Norway

S

SelvaMarcus

Green Cove Springs, United States

G

graememoss

Amsterdam, Netherlands

D

Divergent

Bethesda, United States

D

Don100

Wilton, United States

S

Sven

Netherlands

NH

N Holt

United States

A

Andrei

United States

A

Adam

United Kingdom

Taylor

Memphis, United States

GW

Gregory Wilkie

Halifax, Nova Scotia, Canada

Mary

Germany

KJ

Kevin J Baird

Cleveland, OH, United States

Richard Benyon

United States

HH

Heather Hill

United States

HCPSPIRIT

Helsinki, Finland

Paul Buchheit

Mountain View, United States

M

Mary

United States

J

JB

Germany

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