Mohammed Kamil Fuseini
34 weekly installments • 29%
My name is FUSEINI MOHAMMED Kamil ,I’m a shs student due to corona virus pandemic I decided to start business this is sales of clothes ,I wish to be one of Mobile money vendors but due to insufficient funds.so I want to start with this little business and see where it will leads me to . I do have business experience,I worked in Tamale abaobo market in a couple years ago (that was sales of yam in my fathers store ) and I’m helping my mom saling yam ,we wish to expand it if this loan is possible.I believe that I can manipulate any amount lended me here to get more income and pay back in a due time.
I’m yet to start with a sales of clothes with what you will lend me and the little that I have,I wish you could offer me more credit score that will help me to establish it without facing any financial problem with the business,
I will put this loan into percentage,50 percentage will go to support my mother side business (sales of yams)
And 40 percent for my business (wears )and the remaining 10 percent will be saved in the bank .
I’m not depending on business profit for loan repayment,I work at least two times a work apart from business which I normally use for repayment because not every weeks you can makes sales and get profit .Many business fails because of one way depending structure.
Jul 1, 2021
Cost to entrepreneur
Service fee: 5% of $172.08 = $8.32
Credit risk payment: $33.29