Bedowen enterprise

Owen

Choma, Zambia

15% repaid

Entrepreneur

Name

Owen

Member since

November 2016

On-time repayments

16 installments  •  63%

About Me

When i ventured into serious business i started with mobile money which am still doing and is going well. A few months ago i thought of diversifying so i opened a barbershop and this is where am focusing very much now.The setting up of my barbershop costed me over K3,000 with the shaving machines being the biggest asserts that i got for the business. I bought two machines to start with and each machine costed me K500.

My Business

I started business after completing Secondary school in 2007, I was selling posters in the street for 4 years until i got a job in a telecommunications company (MTN). This where i got the interest of doing my current business as a mobile money agent. I have been with MTN for the past 5years and was able to start up my own independent business during this period. I would like to get a loan and expand my business which will allow me to employ my fellow young people and develop my own career.

Loan Proposal

Describe what you will do with the loan.
With this loan i intend to buy accessories for my barbershop, this will help me improve my service and attract more customers to the shop at the same time. At the moment i only have two machines,but i would need more two avoid people waiting for a long time. And i also need modern washing basins for washing customers heads after shaving. These are some of the things i would need to spice up my services

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$29.00

Date disbursed

Apr 18, 2017

Repayment status

Late

Projected term

6 weeks

Lenders

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  • Jesper    Jul 10, 2017

    Owen has a problem with his MTN money account otherwise as soon as the problem is rectified he will start paying.

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  • Jesper    Jun 9, 2017

    I got in touch with Owen and he promised to put a comment on his wall to explain his situation.
    Thanks!

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  • Owen    Apr 18, 2017

    With this loan i will be able to buy accessories for my barbershop. It will help me grow my business and attract more customers. I want to take this time to thank you from the bottom of my heart for this loan. Thank you very much

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  • Owen    Apr 17, 2017

    The previous loan i got made it easy for me to run my business as i was able to pay my rentals without using my capital. But i was able to repay back my loan from my commissions.

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  • Owen    Apr 9, 2017

    Am able to pay more than my current installment. I would like to finish repaying my loan quickly so that i apply for another one to buy equipment for my newly opened barbarshop.

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  • Owen    Mar 18, 2017

    Thank you so much for your support to my business. I will use this loan to pay for my rentals where am operating my business. And will also make sure that i make my payments on time.

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  • Owen    Mar 13, 2017

    Am happy that i have successfully managed to repay my first loan in full.

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  • Owen    Mar 12, 2017

    The money i got i used it to pay for rentals where i placed my mtn booth.

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  • Owen    Mar 11, 2017

    My business is at its peak and am able to pay more than my current installent. And apart from mtn mobile money i have also opened a barbershop. I would like to apply for a higher amount ,that is the main reason i would like to finish my repayment as son as possible. Thank you

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  • Owen    Mar 11, 2017

    I want to take this time to thank my lenders for the support given to my business. The money that i was given will go a long way in improving my business. Thank you once more

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  • Owen    Jan 11, 2017

    Thank you my dear lenders for accepting my request for a loan.i will use the money you have given me for float for mobile money.and the profit i will make i will using it to pay back the loan and feed my family..thank you once more.

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