Business development

Michael

Lagos, Nigeria

44% paid forward

Entrepreneur

Name

Michael

Member since

February 2019

On-time repayments

62 installments  •  65%

About Me

I am Michael Adeolu Akintunde from Ayetoro, Yewa-north LGA of Ogun state, Nigeria. Was from a family a bit below the average. I had my primary school education and junior school education from my place of birth and concluded my senior school in Lagos. Had my NCE at Federal College of education, Abeokuta and a final year Economics student at National Open University of Nigeria.

I was left to be on my own after my NCE as the first child to focus on my siblings. I got back to Lagos and got a job whose pay is not enough to fend for my expenditure and school degree program. I was part of those relieved in May 2018 because the management couldn't pay salary.

After been jobless for over half a year, I joined driving with Uber which had been a big support and relieve for my finance and education.

I make a total revenue of 90k to 100k weekly. After paying for the car, cost of fueling and other expenditure, I am left with 25k to 35k weekly. I hope to get my own car soon so I can make more money to execute other business I have in mind.

My profits go into savings of a cooperative society that borrows her members double of their savings for whatever projects. Others go into savings for my house rent, school fee and support of my siblings in higher institutions.

My Business

I drive with Bolt (Taxify) and Uber. It's an online E-hailing business where riders request for a ride online and drivers online pick them up to their destination for a fee based on the distance and time.

Also a farmer. I have acres of land in my hometown where I grow maize and cassava.

Project Proposal

The aim of this proposal is just to keep growing and developing the business. The previous funds was used for this same purpose and we’re glad that it yield the preset objectives. We would not like to remain in the same space. The funds will be used to get more equipment and tools for the business. The aim is to grow to a point where we begin to have other locations to take our services right to the faces of where we are having more demands.

Feedback

None

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Project Info

Project Type

Pay It Forward

Disbursed amount

$93.00

Date disbursed

Dec 5, 2022

Backers

Sandra

Manado, Indonesia

Ednah

Nairobi, Kenya

Maurine

Nairobi, Kenya

Chairul Fadli

Jakarta Barat, Indonesia

A

Antony

Nairobi, Kenya

Olumide

Badagry, Nigeria

Auwal

Katsina, Nigeria

Albert Chonge

Nairobi, Kenya

Andrew

Machakos, Kenya

C

Cyril

Enugu, Nigeria

Salome

Nairobi, Kenya

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  • Michael    Dec 5, 2022

    Thank you so much for making this project possible. I’ll keep you guys updated about how it keeps going. Thank you again

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  • Michael    Dec 4, 2022

    It really did helped my business immensely. A very big thank you to Zidisha. Making ease of running business possible. I’m saying a huge thank you to all the backers . They all made it possible

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  • Michael    Sep 28, 2022

    I’ll use the funds to get exactly the equipments it was meant for.

    It will aid businesses production and delivery.

    I appreciate everyone who made this project possible. Thank you very much and I won’t let you down

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  • Michael    Sep 28, 2022

    The result of the project has positively influenced my business and I hope to keep it going and do more in the next project.

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  • Michael    Aug 10, 2022

    1. I will be adding the loan to my business

    2. It will give more availability of funds for business turnover

    3. I appreciate every member who contributed and made this loan possible

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  • Michael    Mar 4, 2021

    Zidisha had been wonderful to my business even from the scratch to where I am now. This loan will go a long way in fixing logistics and transportation constraints in the business day to day activities. This in general will increase our output and entire productivity which translates to more profit

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  • Samuel    Feb 4, 2021

    Applicant says he will complete his payment shortly

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  • Olawale Noble    Dec 19, 2020

    Oladayo Michael promised to reach out to Akintunde to resolve his outstanding loan issue.

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  • Benjamin Olaitan    Nov 14, 2020

    The applicant promised to commence repayment

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  • Okwukwe    Aug 4, 2020

    The applicant and his references are not responding yo calls.

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  • Ukachi    Jun 27, 2020

    The applicant was very sorry for not been up to date and promised to start paying up

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  • Okwukwe    May 21, 2020

    I spoke with the applicant he said his business is affected by covid19 pandemic, then I encouraged him to still login and update his lenders and to use the installment payment button to pay in any amount he can afford now, he was very happy and he promised to make some payment today.

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  • Ukachi    Apr 17, 2020

    i called the applicant , he said the lock down in his state is what is holding him back but promised paying back as soon as possible

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  • Ekpoboredefe    Mar 11, 2020

    I called the applicant but as soon as he hear am from zidisha, he hung up on me, so I called his bro and after speaking with him, he promised to get him to clear his debt

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  • Michael    Jan 30, 2020

    Things are a bit hard in January. Business is very dull

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  • Michael    Dec 13, 2019

    I have a little low patronage of business but in the coming weeks, full payment will be made

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  • Michael    Oct 15, 2019

    Surprisingly, I made profits. If I can readjust to reduce my installments repayment due to low revenue, there is no wrong in increasing it I made more

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  • Michael    Oct 2, 2019

    The interest is much, so it's affecting profits, like reducing capital

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    • Laurie    Oct 2, 2019

      Just a quick point of clarification: Zidisha loans do not carry any interest. Some lending organizations charge interest *and* fees; however, Zidisha charges Fees only. That said, it's true that the Fees here have become high. It didn't used to be that way, but despite the very low cost in the past, too many borrowers unfortunately failed to fulfill their obligations in a timely manner or at all. Therefore, the Director decided to create a special sort of "insurance" account with a pool of funds generated from the Membership Registration Fee and the Credit-Risk Fee for helping to reimburse lenders, at least partially, for when any borrowers default. That helps to keep more money available on the platform for funding new loans than otherwise would be possible, because most lenders are not rich people and depend on borrowers' repayments in order to be able to lend again.

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  • Michael    Aug 2, 2019

    There was low inflow of revenue due to low business activity

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  • Michael    Jul 13, 2019

    I want to pay part of my loan before the due date

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