66 installments • 44%
My Childhood and Education.
During my childhood, I was discovered to be quiet but strong and intelligent child. My friends used to called me” Kofi the strong man tack him and see”. They were afraid to tack me because I was strong.
I grew up cultivating the habit of going to Church everyday as a Catholic for Daily Mass. As an Altar Boy or a Mass Servant I used to be at Church at 6:00 AM to prepare the Altar for Daily Mass (Church Service) at 6:30 AM. I couldn’t have a better day without going for Daily Mass.
As a student, I used to get myself ready for Daily Mass after which I go to school without going home. I play a good leadership role both in School and in Church. In school (Junior High), though I was not given leadership position, yet I played the role as a Senior Student. I used to go to school early to take roll call so that later comes will be penalized.
One challenge I had when in Junior High, was when my father demand that we should go to farmer and help during school hours. Even though, I was hard working as a child but to go to farmer on the expense of my school hours was serious challenge to me. However, for my hard work and better performance in school, my Headmaster help me out of this by talking to father to always allow me to benefit from my school hours rather than to the father.
This made me never to forget my Headmaster. It was all because of my conduct and good behavior in school and safe me. This helps me to come out from school with a better grade. I would have perform poorly and drop out of school because of this challenge.
I stared my own business as a photographer after I had some experience working with a number of sole proprietors. It has being my dream to have my own business, but how to start was a big challenge to me.
Fortunately, one day I got a small camera which belongs to my brothers. I said to myself I can make business out of this, and luckily it was during Easter, thus a season for photographers to make more business. So it was the right time for me. Even though I had negative thoughts about how friends will under minds me taking up this business yet I discovered it to be lucrative business.
And there I found myself in photographic.
My Business Story.
I started my business in 2004 as a photographer. I got to discovered myself from my Entrepreneurship lectures as one among others who put the ideas of entrepreneurship into action. Why because I was taught by my Lecture that entrepreneurs start their own business basically with an idea and not necessarily with money.
As a photographer, I started my business with no capital. I just got a small camera from my brother was determining to make business out of it. Even though, I offered Diploma in Business Studies (Accounting Option) in Kumasi Polytechnic. After my completion of the course my mind was to search for job but not to do my own business because I was taught that to do any business one need to have a start -up capital. And I didn’t have any start-up capital, so having interest in doing my own business was a big challenge.
However, in the process of searching for job and working with a number of sole proprietors and private companies the idea of starting my own business was ringing loud into my hears. And this idea came into fruitful when I got that small camera from my brother. It was Easter period and as a Church member I believe it was the right time to start my photographic business.
I had a lot of challenges as to how to start since I never did photographic as a course. And they were about five experience photographers already in my church not to talk about those in that community. I also had in mind that negative taught as to how people will as Polytechnic graduate becoming a photographer. But having done my costs and benefits analyses on the business there was nothing that could hold me from going in.
I kick into the business and within one year I became I professional photographer and the first among the five experience photographers to introduce digital photos and with instant printer.
In 2007, my uncle conceives me to join the banking industry to work as a Cashier but that couldn’t stop me from the photo business. I was making more money and having more freedom in my business than working in the bank. I had to resign from the bank in 2012, because I wanted my freedom so badly than working in the bank for prestige. Moreover, this allow me to concentrate on my business and build it for the future.
I choose this business not only because it's lucrative but I love doing it and allow me to meet new people and get connected with them for life. I also give the opportunity to travel to other places.
The typical costs of printing 500 pictures currently is equal to GHS375 and all things being equal the typical revenue on this will give my business GHS 1250.
I use the profit for growing my business, home improvement, and investing into other new business. I have invested some of my profit into Agency Banking which is about to kick off.
I am applying for this loan to help me top up the money I have from my business to buy a new HP photo printer. The cost of the printer is currently $280. I will be paying back this loan in a monthly installment of GHS52.8 out of my business.
As already mention in my first loan my desire to start a new business with Incharge Global powered by Ecobank, am happy I have gone through with the training and have being setup with xBank Terminal as an Incharge Money Agent. As an agent I am giving a platform to open m-savings account for customers. The loan I am applying for will be used to purchase e-value or e-money to enables me transact business with new and existing customers. Transactions I perform as an incharge money agent includes;
1. Opening m-savings account for customers
2. Selling airtime (All Network)
3. Bills Payment; Dstv, Gotv, ECG, Water, ect
4. Money Transfer (All Network) and others.
This will involve more capital but rising a loan of $200 from Zidisha will be of good financial assistants.
M-savings simply refers to Mobile savings where customers have their money save on their mobile wallet in the form of daily, weekly, and monthly savings. This is to encourage more people into the idea of savings. M-savings allows the customer to save and have access to his or her money in 24hr/7days. Like any other electronic payment system, m-savings is safe, secure, reliable and convenient.
This idea is to save a lot of traders from risk of losing their money with micro finances and other financial institutions who run away with their money. It will also help traders to save their income for future plans.
I am expecting to increase my commission as an agent by 40-50% with help of this loan.
Nov 12, 2015
Cost to entrepreneur
Service fee: $4.68
Feb 20, 2016
|Expected Payments||Actual Payments|
|Nov 22, 2015||$14.00||Nov 27, 2015||$14.00|
|Nov 29, 2015||$14.00||Nov 27, 2015||$0.25|
|Nov 30, 2015||$13.75|
|Dec 6, 2015||$14.00||Nov 30, 2015||$0.25|
|Dec 12, 2015||$10.75|
|Dec 19, 2015||$3.00|
|Dec 13, 2015||$14.00||Dec 19, 2015||$14.00|
|Dec 20, 2015||$14.00||Dec 19, 2015||$0.50|
|Dec 28, 2015||$13.50|
|Dec 27, 2015||$14.00||Dec 28, 2015||$1.50|
|Jan 5, 2016||$12.50|
|Jan 3, 2016||$14.00||Jan 5, 2016||$10.00|
|Jan 11, 2016||$4.00|
|Jan 10, 2016||$14.00||Jan 11, 2016||$11.25|
|Jan 15, 2016||$2.75|
|Jan 17, 2016||$14.00||Jan 15, 2016||$14.00|
|Jan 24, 2016||$14.00||Jan 15, 2016||$2.50|
|Jan 26, 2016||$11.50|
|Jan 31, 2016||$14.00||Jan 26, 2016||$1.00|
|Feb 6, 2016||$13.00|
|Feb 7, 2016||$14.00||Feb 6, 2016||$12.00|
|Feb 20, 2016||$2.00|
|Feb 14, 2016||$14.00||Feb 20, 2016||$14.00|
|Feb 21, 2016||$13.00||Feb 20, 2016||$13.00|