Mobile money & phone recharge cards

Abdul Karim Mohammed

Tamale, Ghana

21% repaid

Entrepreneur

Name

Abdul Karim Mohammed

Location

Tamale, Ghana

On-time repayments

235 weekly installments  •  72%

About Me

My name is Mohammed Abdul-Karim.I was born in Gumbihini, a surburb of Tamale in the Northern Region of Ghana, west Africa. I belong to a poor farming family of seven of which I am the first born. Because of farming,my parents moved to settle in a farming community called Krabonso located in the Brong Ahafo Region of Ghana.This according to them,that community had abundance of fertile lands good for farming.When I was a child,I used to follow my parents to the farm to do all kinds of hard work.I was not going to school until some officers from the Regional capital (Sunyani),Ghana,came to my community to write names of those who were interested in education.My father never wanted me to go to school because of the farming but I cried ceaselessly and he registered my name.
I was enrolled in Krabonso District Assembly Primary School and continued with its Junior High School where I was made the Senior Prefect(SP).Even though I was attending school,I used to still go to the farm after closing before I would get my pocket money the next day.
Despite the fact that I went through that hard work,I still pursued my education to the next level.
We then moved back to the Northern Region of Ghana for final settlement.I continued my education as follows:
Vitting Senior High School where I offered agricultural science,then to University for Development Studies with limited specialization in environment and resource development option.During my stay in the university,things were not easy to come by as far as buying books and fees were concerned.Then, I started selling credit cards to the students and added mobile money transaction which consists of MTN mobile money,Airtel money,Tigo cash and Vodafone cash. Now Ihave a diploma in computer science through the support of zidisha loans.
In my community,we have a lot of cultural dances such as damba, baamaaya among others.Due to my hard work in my business,my first child wants to be an entrepreneur and the second one wants to be an engineer.I like reading story books and also like playing football.

My Business

The name of my business is Savannah Business Center (SBC). It is located in Tamale in the northern region of Ghana in west Africa. The center of the business is at the tamale technical university , babaga teacher training college and tamale teacher training college and new life college. The population is therefore dense there and the patronage is always high.
SBC renders the following services
1. mobile money transactions (MTN,Tigo, Vodafone and Airtel)
2.Sale of credit cards ((MTN,Tigo, Vodafone and Airtel)
3.Checking and printing of students results and workers payslips for a fee.
4.Registration and printing of Ghana National Service Personnel also for a fee.
5. Students examination online registration for a fee and DSTV and Go TV recharge for a fee.
If someone wants to withdraw or remove money from his or her mobile wallet,the person pays a commission of 1% of any amount withdrawn.This commission is charged automatically by the network providers.Depositing money into ones wallet also attracts a charge which is paid to us at the end of the month.
the registrations of the National Service is $1.06 per person per one registration.
$0.42 for checking and printing of a payslip.
$2.54 for checking and registration of exam and results.
Everyday the students ,people, workers and many others transact mobile money , print payslips ,check and register exams and results and also make calls to friends,business partners,relatives and loved ones both near and far, that makes me to earn a lot of profit and also meet customers requirements hence the need for this business.
This business helps the community members to have easy access to their
money.
The typicla cost is $3603.23

The revenue I get from this ranges from $400 to $454.18 per month.20% of the revenue is used on home improvement including paying children school fees,2% is used to support the orphanage and 50% is used to reinvest in growing the business positively and the remaining 28% would be used to repay the loan to enable me maintain my reputation in the payment for more loan to be granted to me by the zidisha lenders.
I employ a watchman who watches the shop at night against any criminal that might want to cause damage to the shop.These all become possible because of zidisha financial support in my business.I pay the security man $33.99 every month from the profit I always get from zidisha.

Loan Proposal

I am very thankful to all the lenders for giving me this opportunity for this loan application.
I will invest the loan in the following listed below with their prices in dollars:
Mobile Money: $847.82. This will be used to increase the mobile money capital already at in order to meet the high demands and satisfaction of the many customers I have.
Credit Cards: $ 423.91
A4sheets (50 rims): $105.98. for the printing . and selling to other customers.
Internet data bundle for the use of the online services:105.98
Modem(MTN and vodafone) for internet connectivity:$40.28
Uniform for an orphan fro the Tamale children home:31.79.
This will help all the people in the community to stop accessing g this services at a far distance.Therefore their cost of transportation will reduce,hence improvement in their lives. I will also make a lot of profit to meet the needs of myself and my family and those I have employed to work with me.
I expect a profit increase from $551.08 to $635.86 within a week.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$1,633.92

Date disbursed

Sep 5, 2018

Repayment status

Late

Projected term

6 months

Cost to entrepreneur

Service fee: $62.63

Credit risk payment: $187.89

Upon joining Zidisha, Abdul Karim paid a lifetime membership fee of $6.54.

Lenders

ErikN

Stockholm, Sweden

KyRoamer

Louisville, Kentucky, United States

Ambrose

Calgary, Canada

R

rcmssr

Woodbury, United States

A

anonymus

Moon, United States

T

Tallago3

Munich, Germany

Pere

Barcelona, Spain

AF

a f

washington, United States

Y

Yasha

Beer Sheva, Israel

B

briansedz

Canton, Ohio, United States

Tavin

Ottawa, Canada

dajawein

Gladstone, Australia

F

FilemonInvest

Odense, Denmark

P

PhilACK

Brampton, Canada

pentatonicscale

Niiza-shi, Japan

G

Goodwill

Oakland, United States

L

leniwiec

Poznan, Poland

VALEK

Canberra, Australia

G

glh25

Winooski, United States

Robert D

Houston, United States

M

Marod

Edmonton, Canada

numbat

Perth, Australia

M

Moonknight

Østre Gausdal, Norway

stever

Cape Coral, United States

L

LenoMetus

Perth, Australia

D

doublehelix

Philadelphia, United States

J

JulCam

Montreal, Canada

C

cranejoad

cazenovia, United States

C

chrishol

United States

N

nycjen

United States

D

DandS

United States

P

plhughes

United States

A

ahgillett

United Kingdom

T

thenwhen

United States

Angelos

Nicosia, Cyprus

B

bscent

Hong Kong

Scangaid

Pittsburgh, United States

S

sarahb

United States

utdream

United States

SV

sven vdk

Twickenham, United Kingdom

M

me.iulian

Iasi, Romania

P

pnrjulius

United States

B

bwmoore

United States

JL

Joao Leal

United Kingdom

KM

Kirsty M

United Kingdom

A

AER

Germany

Dave Bogard

New York, United States

Family Mueller

Petershagen, Germany

Paul

Crandon, United States

KO

Kevin OBrien

Denver, CO USA, United States

JC

JD Conley

United States

ME

Manaal Eisa

Washington DC, United States

Bryan B

Calgary, Canada

Mattie Shaw

Seattle, United States

J

Jason

United States

Joe Lamantia

Reston, Virginia, United States

TF

Tom Fawcett

United States

Surya Setiyaputra

Sydney, Australia

Rosario von Li

San Jose, Ca, United States

EB

Ellen Batten

Kalamazoo, Michigan, United States

AO

Amara Ogle

United Kingdom

AO

Ahana Ogle

United Kingdom

B

Bramlage

United States

GT

Geoff Tucker

United States

Thomas

Sweden, Sweden

CC

Chris Cutter

United States

LD

Luã de Souza

Sydney, Brazil

R

Rolands

Taichung, Taiwan

Anonymous

Ocoee, United States

KE

Karen Epolito

Syracuse, NY, United States

H

Huub

Switzerland

RC

Rudi Chen

United States

J

Joe

United States

GC

Greger Cronquist

Göteborg, Sweden

HPK

Switzerland, Switzerland

RB

Ruth Brown

United States

RG

Ravi Gadad

United States

Rick

United States

M

Marama

Australia

MO

Mark Owens

United States

SH

Stephanie He

United States

MF

Mike Frawley

United States

Geoguillot

California, United States

SM

Sue MacFarlane

United Kingdom

IC

Ian Coutts

Chicago, USA, United States

BP

Bill Piper

United States

L

Lastoni

United States

Brandon Wright

Salt Lake City, Ut, United States

Salvatore Martello

New York, New York, United States

Christian

Vienna, Austria

Peter

Neu-ulm, Germany

B

Brian

Rancho Cordova, United States

S

SD

Japan

JC

Jordanna Chord

Kirkland, WA, United States

Tyler Metcalf

Utah, United States

J

James

United States

A

Alex

United States

SF

steven frank

United States

Nethanel Kohen

NYC, United States

AS

Adam Sandland

United States

MR

Mary Reardon

United States

RD

Ryan Duffy

United States

MM

Mark Moran

United Kingdom

Jonathan Paugh

United States

RS

Rohan Singh

United States

Darren Jeppson

Denver, Colorado, United States

H

Haley

United States

M

Mushbugg

United States

S

SmartDoDo

Utrecht, Netherlands

L

lysander

Australia

sbdoc

Reno, United States

LW

Liz Wanjiku

United States

CL

Chris loera

United States

Jennie

Milan, Italy

R

Rose

United States

J

Josie

Australia

A

Andy

United States

R

Renee

United States

DO

Denis Ontiveros

Guildford, United Kingdom

MH

Michael Herrick

California, United States

AO

Ahmed Omar

Netherlands

S

Sophie

United States

E

EllisWMiller

United States

J

John

United States

JP

Johan Palmaer

NACKA, STOCKHOLM, Sweden

Gerhard

Vienna, Austria

KF

Kathy F

Memphis, TN, United States

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