Doing my momo business

Hamid

Tamale, Ghana, Ghana

100% repaid

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How it Works

Entrepreneur

Name

Hamid

Member since

June 2020

On-time repayments

24 installments • 50%

About Me

My Name is Hamid Mohammed Ghali, lots of friends called my mangazasco as my business name. I was born in 10th September 1989 at Accra.
I lived with my aunty as early as age 8 till 25 which was a year I was admitted to college of education in Tamale. Living with my aunty for such many years was due to single parenting. This however has equipped me with a lot of entrepreneural skills, I mean that was my starting point of selling and buying. I had to sell a lot of things to cater for myself and my aunties grand kids. From kerosene, cola, soap, gari, to selling of things I cannot even remember. It wàs very tough though but I owe her thousand times of gratitude.
Living with her made me develop passion for not only business but also nurturing kids, and that influence my choice of becoming a teacher.
Currently I live in a community Adubilyilli, last community of Tamale Metro from Kumasi Accara Road. Living there has boost my business mode a lot, the whole community hasn't got a mobile money merchant, and so i started running it,. I need support to expand my capital, to be able to support the people of Adubilyilli, so that they won't suffer much to move to miles before cashing their money out.

My Business

I am a teacher by profession, I also run Mobile Money Business and general Merchant in Adubilyilli.
I also buy cow milk and process it for sale.
I will try to expand the class furniture of $100 loan to help my pupils.
I also need additional $200 to use as an electronic cash for my mobile money issues
Extra $ 200 for purchasing of Teaching and Learning Materials .Hence total loan becomes $500
My payment plans are as follows:
Weekly paying of $ 90 from my own supply of cow milk.

Loan Proposal

I will add the facility into my electronic money and serve the people of my community as a merchant

Income Source

Well demand is still higher in the service of merchant operator. My people always walk or ride a miles before they get access to the MOmo merchant. So the demand or business is not great affected .