Purchase of hair cut tools to expand student hair cut salon

Emmanuel Osabutey

Accra, Ghana

6% repaid

Entrepreneur

Name

Emmanuel Osabutey

Location

Accra, Ghana

On-time repayments

143 weekly installments  •  16%

About Me

I’m Emmanuel Osabutey but I'd like to be called Apostle. I'm 31 years old and Christian. I'm the only child to my parents and Ghanaian by birth and live in the capital town of Ghana, Accra. My father died when I was 8 years. My mother is alive and resides at Breman Baako in the Central Region of Ghana.
I’m distance education student at Accra Institute Technology, pursuing Open University of Malaysia BSc IT program. I love God and love evangelism work and also love to travel as well.
I have work with Institute of Continuing and Distance Education, University of Ghana as a Computer Technician from 2007 to 2003. In March 2013, I’m the Managing Director of International Wealth Network and also the CEO of Global Education Support (www.globaleducationsupport.com) a company with a vision to support universal education by providing entrepreneurship training, scholarships, study opportunities etc.
I’m also a marketer for Cyrus Technoedge Pvt Limited of India, Diamond winners and Matalan Loyalty Network of Ghana, Diamond Holiday Travel Africa, Benin etc.
I love my job because it gives me a lot of experiences and shows me a different range of life backgrounds and human behaviours specifically for the youth.

However, sometimes I've had a hard time since there are a lot of challenges as well. But even so, I've tried to look in a positive side, because I know dealing with human isn't an easy thing. In order to improve my work performance and myself, I believe there are still many things I have to learn, and need to strive for to become a successful entrepreneur in the future.

My Business

In a growing era of personal needs and desires, income is the one of the most satisfying factor of an individual’s life. Income from multiple sources is one of the most required trends of present requirements and lifestyle. People with ordinary or average income generally face a greater impact on their lives when their single source of income is challenged. It takes them a larger span of time to come down to the basics once they start suffering due to their single income source. As a result of this their physical and mental health also gets affected.
My source of income is based on the following:

1. Self-employment – Personal earnings by working for myself as an Computer Technician and Marketer for Cyrus Technoedge Pvt Limited of India.
2. Personal Business – Personal earnings through my establishment business, Global Education Support.
3. Investment – Earnings through my investment in my student hostel business
Ideal situation for making money is through the above stated ways. Generally I like to adhere to multiple sources of income so as to give away the burden of risking my earnings only through a particular source.
About my business – Global Education Support
Global Education Support is a company with the vision to raise funds to support universal education through scholarships, promoting entrepreneurship development, study abroad opportunities etc.
Education, we all know, is the strongest tool for personal development and educated citizens are the strongest lever for long-term sustainable change in our society. As one of the greatest African Leaders, Nelson Mandela said; “Education is the most powerful weapon which you can use to change the world.”
Global Education Support promises to be a household company with millions of local and international members. Global Education Support aims at attaining this education support concept through these diverse ends:
• By establishing schools worldwide (Junior and High Schools, Vocational and Technical Schools, Schools of Entrepreneurship including Universities and Human Resource Development Centers)
• By providing scholarship packages for needy but brilliant students
• By providing apprenticeship and entrepreneurship training for our members and their Children
• By providing study abroad opportunities and international education trips
• By providing internship packages with our local and international partners
• By providing education holiday trips abroad for our members
• By providing excellent business traffic to our registered Discount affiliate partners through our membership strength as we grow within a set-up region

Loan Proposal

PURCHASE OF ADDITIONAL TOOLS TO EXPAND GLOBAL EDUCATION SUPPORT STUDENTS AND ADULT BARBERING SALON

A loan of $590 from lenders will help Global Education Support to expand its Student and Adult Barbering Salon. The barbering salon is the initiative of Global Education Support to raise funds to support peoples education and also to provide start-up capitals for entrepreneurs. After providing unisex hair cut and observing the market for a while, it was observed that there is a high demand for me to expand the salon this accounts for my reason of applying for loan. The loan will absolutely help me to provide and promote beauty locally and the world at large. I need Lenders help to expand Global Education Support Student and Adult Barbering salon due to the high demand.

The loan will help me to buy hair cut (Barbering) tools such as hair cut machines, towel warmer, hair spray, additional mirror, etc to expand Global Education Support Student and Adult Barbering salon project to give extra touch to student, children and adult beauty in Accra and later open branches across Ghana. With the help of lenders I will be able to provide unisex hair styles which will definitely makes student, children and adults looks more elegant and stylish.

I will repay this Loan through my earnings from the hair cut service. I believe my humble re-first as an aspiring young guy entrepreneur will be given due consideration by Lenders.

Thank You.

Feedback

6

None

1

  • markpearson    Dec 30, 2016

    Another loan that either hasn't been paid back in full or no attempt has been made to repay (no repayments). Often this follows 100% payback of a previous smaller loan. I've seen far too much of this on Zidisha, compared with other platforms. Whilst I appreciate things don't always work out in business and the people being helped may not be able to pay back far too many that I have see simply take the money never to repay a single cent.

    Couple that with the fact that zidisha decides to relend my balance $10 at a time...... without any OK from me! I was attracted to zidisha by promises of more money going direct and low fees but it seems to have worked out poorly in comparison.

    Whilst I might be able to afford the "loss" it directly affects other, perhaps more deserving people, whom I now don't have the funds to loan with.

    Way too high a percentage of my original deposit has simply disappeared.

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  • ldworld    Oct 6, 2014

    Great job!

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  • camilberlin    Sep 20, 2014

    Repaid full and on time, and let is know how he is doing.

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  • Hal86    Sep 18, 2014

    Loan fully repaid

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  • SeeMeeFi    Jul 19, 2014

    Totally repaid! Thank you!

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  • analinjsaturria    Apr 10, 2014

    Emmanuel made a great presentation on his profile so I'm not surprised to see him pay back his loan so smoothly. Looking forward to your next application, would gladly lend to you again!

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    • Emmanuel Osabutey    Apr 30, 2014

      Thanks so much for your support. I just saw your comment that is the reason why I couldn't reply early. Am sorry.

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  • rohbear    Mar 5, 2014

    Well done! Thank you for your prompt payments and best of luck in the future.

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Loan Info

Project Type

Classic Loan

Disbursed amount

$652.00

Date disbursed

Nov 18, 2014

Repayment status

Late

Projected term

28 months

Cost to entrepreneur

Lender interest: $652.00 at 7.58% annual rate over 28 months = $115.68

Service fee: $76.33

Lenders

A

Anninymouse

Southampton, United Kingdom

D

Delph007

Den Haag, Netherlands

investor

Candiac, Canada

Kitty

Hailsham, United Kingdom

M

Meckel

Boulder, United States

cyrus0302

San Francisco, United States

evinpa

United States

M

m_dennis

Toronto, Canada

T

timdever

Batesville, United States

P

PeaceandLove

Morro Bay, United States

S

SelvaMarcus

Green Cove Springs, United States

Z

Zarnigar

Boston, United States

Cloudways

Malta, Malta

C

cfaul

Seattle, United States

S

Sammlung

Glendale, United States

pentatonicscale

Niiza-shi, Japan

juliemartha

Lake Mary, United States

R

RobBne

Brisbane, Australia

R

randy98109

Seattle, United States

O

Oscart

Edmonton, Canada

A

andreasb

Zug, Switzerland

Cricketca

San Jose, United States

Hedwich

Gorssel, Netherlands

E

Evanstia

Lakewood, United States

S

seikatsu

Palo Alto, CA, United States

Matthieu

Switzerland, France

ibc123

Seattle, United States

H

harrymore

Townsville, Australia

markpearson

Portsmouth, United Kingdom

E

E

Marin county, United States

J

jlberqie

Wake Forest, United States

H

Haavard

Bergen, Norway

C

cazz14

dunedin, New Zealand

pvilliger

Zurich, Switzerland

Matching Fund

Sterling, United States

G

geoff

United States

M

meric

Australia

J

jay12

Germany

J

jdallatezza

United States

A

ajayhk

San Jose, United States

T

tmarkus

Netherlands

Vesa

Helsinki, Finland

SV

sven vdk

Twickenham, United Kingdom

G

Gordbarb

United Kingdom

M

MatzeFR

Frankfurt, Germany

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