Buying chair to work in my barbering shop

Isaac Apoma

Breman, Ghana

Funds disbursed

$0 to go

100% funded of $99 goal

0

days left

Entrepreneur

Name

Isaac Apoma

Member since

April 2021

On-time repayments

7 installments  •  14%

About Me

My name is Isaac Apoma and I am 36 years of age. I am married with three children. I completed Jhs but couldn't continue to further my education at Shs level because of lack of financial support. My parent were pretty traders and couldn't cater for my education so I decide to learn some trade in barbering. The hardship I went through made me travel to Burkina Faso to search for greener pastures but return back to Ghana because life there was very tough. I used the money i got from my stay at Burkina Faso to open a shop and now i depend on that for a living. It's my duty as a father to cater for my children so i am doing all i can to make their future bright.

My Business

I have a barbering shop where i shave people for money. I charge per haircut and and save the money I earn from the services I provide. Barbering Shop business is a good business which with a little support I can open branches to help me raise enough profit. I need support hence my decision to join Zidisha.

Loan Proposal

I have employed a new apprentice who is ready to work with me. I am going to teach him how to shave and would need additional chair to assist in his learning process. Taking this loan would really help to purchase which can be used to shave two persons at a time. This would help to increase as daily clients whom we serve on daily basis also increase my profit on daily basis as we would serve two customers at a time. I would use the profit for some expenses and reinvest the rest back into the business.

Income Source

Nowadays ever since schools and institutions reopened work has been progressing very well. I would pay the loan from the daily sales I make by given out services to my clients .

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$99.31

Date disbursed

Apr 25, 2021

Repayment status

Late

Projected term

6 weeks

Cost to entrepreneur

Service fee: $3.55

Credit risk payment: $7.09

Optional expediting fee: $10.64

Other loans

Lenders

MindMuse

Talking Rock, United States

Richard Benyon

United States

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Summary

Amount repaid

$0.00

Amount remaining

$99.31

Expected completion

Jun 11, 2021

Status

Repaying late

Installment amount

$6.70

Repayment History

Expected Payments Actual Payments
May 7, 2021 $6.70
May 14, 2021 $6.70
May 21, 2021 $6.70
May 28, 2021 $6.70
Jun 4, 2021 $6.70
Jun 11, 2021 $65.79

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