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

None

None

None

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

Ask Owusu a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.

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  • Lotus Flower    Oct 4, 2019

    Hi,

    Please don't confuse your lenders with the Staff,
    a/k/a the Team (whom you can see here: www.zidisha.org/team).

    Although the two (2) current members of the Staff
    also are lenders, most lenders are *not* on the Staff.

    Only the Staff can help you with administrative and
    technical issues. To send a note to them, please
    click on the HELP link in your account.

    Thank you.

    Log in to reply • Share
  • Owusu    Oct 3, 2019

    Please, let me know my outstanding owing after deducting the risk fees you took from my last two loans and I will pay all my owings after that.

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  • Owusu    Sep 2, 2019

    I have received your warning notice about my inability to make payments when due. I will want to ask you to use the risk fees deducted from my last two loans to settle part of my debt. I will pay the remaing amount when that is done. Thanks.

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  • Owusu    Jun 18, 2019

    I am still trying to rebuild my business and not in a position to pay the full amount

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  • Owusu    May 9, 2019

    Sorry team,I am still struggling to put things together after my salon was burglar. I hope to bounce back as soon as possible. Thanks

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  • Owusu    Apr 8, 2019

    Dear Team Zidisha,
    I am deeply sorry to ask for review of my repayments. As reported early, I had burglars break into my salon, stealinga number of valuable items and I am still putting in my pieces together to able to start full operation again. I am thus unable to meet my payment commitments hence my request for the change in my repayment amount. I hope to bounce back and be able to make my payments in time. Thanks

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  • Owusu    Feb 28, 2019

    I will please like to reduce my instalment payment because my salon just got broken into. I am trying to get the business on it feet again and I hope to get back paying my original instalment. Thank you.

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  • Owusu    Feb 11, 2019

    I just received my fully funded loan and I want to express my sincere appreciation to all those who made contribution. I plan to make my windows and doors glass. This will help make my hair salon nice with the air-conditioner being able to cool the place. My profit margin is definitely going to increase with an increase patronage and hopefully, I can have a television set for the place.
    I am grateful for your funding.
    Thank you

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  • Owusu    Feb 9, 2019

    I want to express my sincere gratitude to all those who funded my. I plan to make my salon very comfortable by having a glass doors and windows. This will make the place comfortable enough for those who patronise it and hopefully attract more customers to my salon.
    Once again, thanks trusting me with your money and I will never disappoint you. Thanks.

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  • Margaret    Feb 8, 2019

    Good luck with your new loan!

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  • Owusu    Jan 27, 2019

    I really want to express my sincere gratitude to all lenders who funded my last loan. Thankfully, I have been able to purchase the air conditioner for my Beauty salon and business have been good, as I was expecting. Thanks to you all for your continuous support.

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  • Owusu    Nov 15, 2018

    I want to say thank you all for your continuous support of business. It's always not easy trusting people with money but regardless, you have shown support up till now.
    The high credit risk fee deducted, will definitely affect my ability to purchase the type of television l want but I will add money to get the 43"inch television for my salon .
    The television will help in engaging clients in my hair salon and ultimately, leads higher patronage of the salon.
    Thank you all for your support.

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  • Owusu    Nov 13, 2018

    I want thank all the people who showed interest in my loan application and indeed, made contribution to fund my request. It's been good as at this point because l have a fully functional air conditioner in my hair salon now and clients are comfortable getting their hair done in my place. The enormous heat is gone now and the increase in patronage has been very good. I get almost double the amount l used to make and l can't be thankful enough to all my lenders. Thanks for your contribution.

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  • Owusu    Sep 20, 2018

    I want to say a big thank you to my lenders who have entrusted their money to me. This is a huge relief to me and my business. I promise to do on my repayment.
    Thanks again to you, my generous lenders and the Zidisha Team.

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  • Owusu    Sep 13, 2018

    My last loan was used as a start-up capital for my Beauty Salon. I was able to rent a place and put in few items to help kick-start the business. Now l have already hired one person who is in charge of the place. People have already getting there hair shaved at my place and l am making around GH$70 a day from the business. It has already added to my profit stream from my mobile money business and l am very ok in terms of my finances. Thanks to the whole team who support have been immense in my life. Thank you all.

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  • Owusu    May 16, 2018

    I want to thank all lenders who were generous enough to fund my loan request. I received an amount of Gh2,727 from my request. I have been able to do all the furniture needed and also bought the shaving machines needed to kick-start the salon, l have also made part payment for the air conditioner. Even though the amount received is not enough to complete the project, l am working really hard to make sure it can at least put the salon in shape which will be useable. I want to once again thank you all for supporting my project.

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  • Owusu    Apr 27, 2018

    I want to express my sincere gratitude to the numerous lenders who have had the confidence and trust to invest their money into my new business. The money will be invested in my Salon Business and I hope to reap a lot of returns in this new venture.
    Once again, thank you all for trusting me with your money. Thanks!

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  • Owusu    Mar 14, 2018

    I sincerely want to thank the numerous generous people who funded my previous. Your trust in putting your money into my business has turn me into a proud of owner two functional money business contributing immensely in my financial life.
    Thank you for your continues support and your trust in me.
    Thank you!

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  • Owusu    Jan 15, 2018

    With a heart full of gratitude, I want to thank all members who funded my last loan proposal. Though it is late in coming, which I am deeply sorrow, my late appreciation is because I lost a very very close relative during the festivities. I still owe you a lot of appreciation for allocating resources to fund my business idea. The second mobile money service for which the loan was secured is almost done and I will start making real money soon. I will keep you updated with the progress of the project. Once again, my sincere thank you for those who funded my loan and the Zidisah team. Thank you.

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  • Owusu    Dec 24, 2017

    Please I will use it to buy what I have already listed and it will help me to take good Care of my family and improve my business. Thank you soo much, my leaders.

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