Equipment for my barbershop

Dauda Moro

Techiman, Ghana

Funds disbursed

$0 to go

100% funded of $1,758 goal

0

days left

Entrepreneur

Name

Dauda Moro

Member since

April 2016

On-time repayments

194 installments  •  65%

About Me

PERSONAL EXPERIENCE.
EXAMINATION MEANS SORROW.
Jesus (P.B.U.H) once said in the Bible “Oh God don’t put me to test”. Examinations sap things of us. They are an evil dream for us. Examinations make us to shudder and to fear for failure makes us unhappy. The desire to play as well as the tempting to enjoy seems to lose our intensity as soon as we think of examination.
Before the examination, we have to suspend all the pleasure giving activities. We talk about books and questions and discuss about answering those questions. We will make many plans which we would implement after the examinations. The “lomo” guys perch on trees to learn, Simon and co will be learning in the toilets, Adu and Annor will be running to the campus to hide in the classrooms to learn, the ladies will then be running helter scatter for these guys to help them with discussions. I would sit in the room with doors all shut down but still will hear sound from the silence.
The night before the examination is a terrible night. One dreams of questions and the question papers. In the morning, even Bruce and Simon who do not believe in God pray in front of the examination hall. One feels that everything has evaporated from their brain. One student will muse, “this question is sure shot”, another would ask, “have you prepared these questions?”. The beating of the heart increases as we enter the examination hall.
In the examination hall we pray to God or revised our questions. If the question paper is difficult, sachet of water is ordered. The candidate perspires. If it is easy, we start writing and feel happy in solving the questions. But in this case also, we really become unhappy because we fail short of time to finish our papers.
After the examination the sorrows stick to us. We talk to our friends, “I was a bit confused” or “I could not finish the paper”. Even after all the tests are over we don’t feel satisfied. We count our marks daily and think that we will get a second class. In this manner, the dooms day – when the results is to be announced. We try to find our roll numbers on the notice board. If it is missing, we have to be the taunting remarks of our neighbours, friends and relatives. In case we get through, we are never satisfied with the marks we have secured. We will often be heard saying, “There is something wrong with the examiner. Perhaps my paper has been changed”. So sorrow and examination go side by side. Rather Examination means sorrows.

My Business

I sell mobile phone credit cards, EVD(credit transfer), mobile phone accessories and I also do Mobile money transfer. Today, you can't do almost anything without the mobile phone. It is now use in many ways today, in communication, in sending, searching, receiving information and a lot more. In doing all these stuffs, you have to fuel your phone. The fuel for the phone is it's credit. I chose this kind of business because in my area or community its difficult for one to get credit to buy. One has to walk for about 3 or 4 kilometers before getting credit to buy. I also chose it because so long as cell phones, internet and other electronic device activities are concerned, demand for their fuel (credit) will always increase. It cost me about $1282.00 to establish my business. It was a gradual process. It took about 9months to construct the structure of about $435.00
I started with the credit cards and the EVD and later attached the phone accessories and the mobile money transfer. Everyday, I make a profit of about $9-10. That's about $270-300 per month. About one-third of the profit is use for reinvesting in the business, one-third goes my education and the other one-third goes into savings.

Of late, i have added tricycle business to my business and it is moving well.

Loan Proposal

List and prices of equipment for my barbershop.
*2 Basic barber chairs – $72 each
*2 WAHL Clippers – $30 each
*Equipment Sterilizer – $102
*Sink Seat – $146
*Cosmetic Products – $30 (Including spirit and after-shave)
*Fabric sheets, towels, apron – $30
*Hair Style Charts – $10
*2 Waiting or Lounge Chairs – $154 each (Plastic chairs)
*Water heating & storage – $307
*Small Basins – $10
*Backup Generator – $470
*Entertainment System – $286
***A total of about $1647

It is not mandatory to buy all the items listed as I start. I can forego some of them and stock up on as the business grows.

On average a well performing Barbershop can give a net profit of 20% of total investment per month.

I will use my entrepreneurial prowess to start, then train a few young men from my area and recruit them to work for me. That way I’ll not only have established a source of livelihood for myself but also helped create employment for deserving youth in the country.

Feedback

3

None

None

  • Mary    Jun 19, 2018

    Dauda ia a remarkable young man with excellent business skills. I would recommend funding any of his loans!

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  • Will    Oct 12, 2017

    Dauda made timely repayments on his loan and gave updates when he was able. I would loan to him again in the future.

    Log in to reply • Share
  • JimVandegriff    Jul 2, 2017

    Excellent repayment record for this loan.

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Loan Info

Project Type

Classic Loan

Disbursed amount

$1,758.84

Date disbursed

Nov 16, 2018

Repayment status

Late

Projected term

6 months

Cost to entrepreneur

Service fee: $53.68

Credit risk payment: $161.30

Lenders

M

marycb

United States

A

Anninymouse

Southampton, United Kingdom

BM

Benedicte Monroe

Sarasota// Phnom Penh, United States

Q

Quomar

Żmigród, Poland

G

GalantnostS

Hong Kong, Hong Kong

B

bgalon

London, United Kingdom

jesuisneil

MATTESON, United States

M

Meckel

Boulder, United States

DeanDropshot

Oslo, Norway

N

noah695

Salt Lake City, United States

F

FHult

Stockholm, Sweden

C

cjmenchaca

Austin, United States

BJ

Brandon Joz

North Carolina, United States

A

AlexCheng

Seattle, United States

C

CrazyCanuck

Nepean, Canada

S

SelvaMarcus

Green Cove Springs, United States

G D Export

Kolkata, India

HE

help each other

Glasgow, United Kingdom

G

graememoss

Amsterdam, Netherlands

gbnbca

Janeville, Canada

Mannysgirl

Surrey, Canada

KM

British Columbia, Canada, Canada

W

wordelsue

MIDWEST, United States

Cloudways

Malta, Malta

P

planespotter

Berlin, Germany

S

Sabine

Courtenay, Canada

yosefchayim

Bournemouth, United Kingdom

lorello

Vicopisano, Italy

D

davide

Vallentuna, Sweden

peanut

Halifax, Canada

M

mkellerman

Shanghai, China

G

gamblyjoe

Spain, Spain

A

Andy

Berlin, United States

nakamura

United States

A

alkemyst

Geneve, Switzerland

hugomesser

Blokker, Netherlands

fairspirit

Utrecht, Netherlands

nmatpt

Lisboa, Portugal

S

solarkismet

Logan, United States

RckyMntFamily

Colorado, United States

BF

Bob Fitzjohn

Fontvielle, Monaco, Yemen

Jason

Auckland, New Zealand

W

WenShiDi

mobile, China

W

Walter01

Kingston, Canada

C

Colmena

Chicago, United States

Hedwich

Gorssel, Netherlands

L

Leonora

TÄBY, Sweden

mojobob

Hayward, United States

Lambie

Perth, Australia

soniad

Dubai, United Arab Emirates

ibc123

Seattle, United States

lizandsteve

guelph, Canada

G

GanSatya

United States

mole333

Brooklyn, United States

sderickson

Berkeley, CA, United States

Z

zvrk2014

Brookline, MA, United States

pvilliger

Zurich, Switzerland

R

roozbeh

United States

D

DandS

United States

B

bigMo

United States

S

sarah4d2

Saint Louis, United States

mepster

San Francisco, Ca, United States

R

RonEddy

United States

B

bscent

Hong Kong

W

wesbh89

United States

Laparo

Dusseldorf, Germany

Grant Xavier Storer

Seattle, Wa, United States

SV

sven vdk

Twickenham, United Kingdom

KieranB

Ireland

B

bwmoore

United States

Mike and Jacqui

United Kingdom

Darcy

Ottawa, Canada

Eduardo

Sorocaba, Brazil

MW

Matt Willis

United States

W

Wade

United States

Craig

Memphis, TN, United States

E

erica

antwerpen, Belgium

M

Marc

Newcastle upon Tyne, United Kingdom

Paul

Seattle, United States

AH

ajay hampapur

United States

E

eriklonnroth

United Kingdom

Aran Dunlop

United States

MS

Mark S Yourek

United States

LH

Lisa Heinze

Milwaukee, Wisconsin, United States

TF

Tom Fawcett

United States

A

Andrei

United States

M

Mark

United States

Gabriel Fenili

Santo André, Brazil

V

Vidar

Oslo, Norway

RC

Rudi Chen

United States

M

Matthias

Australia

Jes-c

United States

Bill Ballew

Kansas City, Missouri, United States

I

ixeldog

atlanta, United States

SA

Shar Alamdari

Los Angeles, United States

L

Lucy

Australia

H

Hans

Czech Republic

Benjamin Kniaz

Boston, United States

WS

Warren Shen

United States

NM

Nitya Marepally

San Ramon, CA, United States

R

Ralf

Germany

Ellen

Michigan, United States

Simon

Perth, Australia

Betsy

United States

DW

David Westmoreland

Colorado Springs, Colorado, United States

Dean Suminski

Portland, Oregon, United States

Diane U

Olympia, Wa, Usa, United States

JF

J Fister

United States

France

R

RMIM

United States

MM

Mike McGary

United States

Rowan

Australia, Australia

Mike

Indianapolis, United States

W

Will

United States

Paul Buchheit

Mountain View, United States

S

Sarah

Arlington, United States

AS

Ajay Sharma

United States

afaness

Germany

A

Alex

United States

Nethanel Kohen

NYC, United States

HB

Hugo Boss

United Kingdom

rob baird

Darwin Australia, Australia

Darren Jeppson

Denver, Colorado, United States

H

Haley

United States

JF

Jon Freach

United States

Daniel Toke Hansen

Copenhagen, Denmark

Adam Öhman

Norrköping, Sweden

AM

Andy Marston

United Kingdom

PA

Peter A

New York City, United States

Jennie

Milan, Italy

J

JB

Germany

Elizabeth

Australia

JM

Joseph Moore

United States

R

Rose

United States

Rob Williams

Halifax, Canada

JK

Janardan Kelkar

Atlanta, United States

Remo

Switzerland

DO

Denis Ontiveros

Guildford, United Kingdom

B

Ben

United States

Lee

Washington, DC, United States

United States

F

Fox

United States

Girolamo Marroccoli

Basel, Switzerland

H

hayeswmiller

United States

EA

Eric Ayers

Atlanta, United States

P

PatrickZisha

United States

B

Bram

Germany

GF

Gammon Family

United States

Angela Chu

Toronto, Canada

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