Purchase a cargo tricycle for transport business

Dauda Moro

Techiman, Ghana

100% repaid

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

My business is growing steadily and I have study the business cash flow of my business for the past years. This rainy season is a slower part of the year in my business. I am finding ways to create off-season demand through partnership with businesses by offering deals to local customers, I am planning to also move sales online. Again I'm finding an alternative business option for this slower part of the year. Currently, I have thought of running into transportation. In transportation, I have plan starting with a tricycle. We have two kinds of tricycles in the country, a cargo tricycle known as the "motor king" and a commercial tricycle known as the "kumkum Bagier". The cargo one costs​ about $ 1500 and the commercial or passenger one is about $3000. I have planned​ paying of the rest of my loan in either to raise up another loan to purchase the cargo tricycle. The cargo tricycle sometimes serves two purposes​, apart from conveying goods, it also picks up passengers from the villages to the towns market and vice versa. The cargo tricycle is estimated to raise a profit of about $37 to $45 a week, this is estimated to $148 to $180 a month and$1776 to $2160 a year. Part of this profit will be use to service my interest free loan at Zidisha.

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!

    Log in to reply • Share
  • 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.

    Log in to reply • Share


Loading...

Loan Info

Project Type

Classic Loan

Disbursed amount

$1,444.62

Date disbursed

Jul 10, 2017

Repayment status

On Time

Projected term

23 months

Cost to entrepreneur

Service fee: $38.24

Lenders

IJAZBOF

Chihuahua, Mexico

A

alfredo

Bremen, Germany

C

Christian

Saarbruecken, Germany

Kitty

Hailsham, United Kingdom

W

Witlof

Tsukuba, Japan

Umair Mahmood

Raleigh, United States

BelleStarr

Albuquerque, United States

cyrus0302

San Francisco, United States

AltruisticSelfishnes

Chicago, United States

ErikN

Stockholm, Sweden

R

Rotterdammer

Rotterdam, Netherlands

Ambrose

Calgary, Canada

G

giaco

madrid, Spain

Pere

Barcelona, Spain

johnandmoliehi

Canton, New York, United States

E

elkbrett

Bradenton, United States

J

Jessica

Patagonia, Argentina

tasos

hove, United Kingdom

athomas

Chevy Chase, United States

H

HildeK

Rogaland, Norway

Cloudways

Malta, Malta

A

Atlantia

Brisbane, Australia

ads68

Melbourne, Australia

JillV

Corning, United States

rfriedenberg

New Jersey, United States

L

lilbsedz

Raleigh, United States

MikaL

Helsinki, Finland

W

wally

Torino, Italy

B

BigWillie

Belfast, United Kingdom

JonB

London, United Kingdom

D

DelapierceD

New York, United States

ibc123

Seattle, United States

K

khassi

AinEbel, Lebanon

Freewolf

Salt Lake City, United States

sderickson

Berkeley, CA, United States

Bivouac

Hillsboro, United States

S

SimonAngus

South Africa

M

Mal57

Australia

K

kvillantz18

United States

S

sjoerd

Netherlands

mepster

San Francisco, Ca, United States

C

cojoakerr

United Kingdom

Bjorn

Heggedal, Norway

B

bscent

Hong Kong

Grant Xavier Storer

Seattle, Wa, United States

K

KarinV

United States

K

KiraDee

United States

N

Nicolaas

Doha, Qatar

GaloLending

United States

Mike and Jacqui

United Kingdom

Haim Si

Mexico, Mexico

Nigel Titley

Milton Keynes, United Kingdom

Dave Bogard

New York, United States

TM

Theo Mbise

Switzerland

Johannes Duerk

Bochum, Germany

MW

Matt Willis

United States

W

Wade

United States

Lou Kaucic

Sanbornton, NH, United States

E

erica

antwerpen, Belgium

JD

Jeff DePree

United States

TH

tom hd

United Kingdom

Pedro R-C

Cambridge, United States

Martin Nielsen

Aarhus, Denmark

S

Sharon4B

Molalla, Oregon, United States

PG

Paul Graham

United States

Arend Thorp

Brooklyn, NY, United States

Der Dooley

Dublin, Ireland

Carlo Cruz

Cincinnati, OH, United States

Thomas

Sweden, Sweden

V

Vidar

Oslo, Norway

roark22

Geneva, Switzerland

SB

Sue Bucholz

Sacramento, United States

RG

Ravi Gadad

United States

J Laufs

Germany

V

Vasil

Belarus

SS

Sam Smithson

United Kingdom

Craig Newmark

United States

K

kamvien9

Australia

The Zinc Team

San Francisco, United States

Benjamin Kniaz

Boston, United States

RR

Rory Rohloff

United States

SH

Stephanie He

United States

WS

Warren Shen

United States

Humble Bundle Community

San Francisco, United States

R

Robert

Chicago, United States

JA

Joshua Axtell

United States

SM

Sue MacFarlane

United Kingdom

Haroon S

United States

M

Margaret

United States

A

Anonymous

United States

M

Mack

Harbor, Oregon, United States

R

RMIM

United States

WC

Walter Clarke

Phoenix, United States

Victoria Keenan

East Anglia, United Kingdom

CA

Carles Alcolea

Barcelona, Spain

M

Mary

United States

A

Abby

London, ON, Canada

A

Anonymous

United States

AB

Ashira Blazer

United States

JG

Jake Gibson and Beverly Picardo

San Francisco, United States

R

Rachel

United States

SS

Sam Smith

United States

NS

Natalie Stone

United States

T

TP

United States

RD

Roel De Meester

Antwerpen, Belgium

Tracie Rathsack

Baltimore, MD, United States

Jennie

Milan, Italy

Ask Dauda a question about this loan project, share news and photos of your own, or send a simple note of thanks or inspiration.

Loading...

Loading...

Loading...