Loan to acquire used motorbike to go teach kids in their homes

Hamid Mohammed Ghali

Tamale, Ghana, Ghana

100% repaid

Entrepreneur

Name

Hamid Mohammed Ghali

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

Once the loan is funded, I'm going to add some funds to buy used motor bike. to aid my movement of going to teach my kids in their homes. This pandemic has affected our teaching and learning. As an innovative and an entrepreneur, I've organized home based teaching for some pupils at their homes. Therefore I need support to acquire used motor bike to aid my movement.

Income Source

This is exception, demand has outweigh the supply of teaching job in this pandemic era, the parents are fed up with the kids at home. And so I have many parent at my disposal to teach in return for money. So I think this is an exception.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$118.44

Date disbursed

Sep 16, 2020

Repayment status

On Time

Projected term

6 weeks

Cost to entrepreneur

Service fee: $7.98

Credit risk payment: $7.22

Optional expediting fee: $7.98

Lenders

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JC

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KC

KinHo Chan

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R

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New York, United States

Black and White Zebra

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

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