Khadijah Alagbala

My name is Khadijah Akanke Alagbala. I am a 19-year-old student who is into the POS business. I started my POS business in May 2022 when the Academic Staff Union of Universities (ASUU) went on strike. When the strike started, I applied for jobs but could not get one. Most of the employers claimed they could not employ students who would not stay long and may leave anytime soon. I decided to start a POS business since it was the only profitable business that one could start with a small amount of money.

I borrowed one hundred and fifty thousand naira to start the business, and it worked out that I paid the money back and when we finally resumed school, I gathered all the profits I made from the business for 9 months and bought a land at a school area in Ilorin, Kwara state, so as not to spend the money foolishly.

Khadijah Alagbala Khadijah Alagbala

POS business is a very profitable business, once there’s enough money to run it and a good location. I started my business with a startup capital of one hundred and fifty thousand naira (N150,000). I used the N50,000 to buy the POS machine, umbrella, table, chair, etc. while the remaining N100,000 was used as cashback for customers.

Within the 9 months, I was able to pay back the money I borrowed, excluding feeding and other bills, I made N300,000 from the POS business, and it’s the money I used to buy the land which are the high points of the business.

I had no failures in the business, except during the rainy season when I couldn’t go out well to make sales, as I was using a stand and not a shop. My umbrella could not completely protect me from the heavy rain, and customers wouldn’t come when it was raining heavily.

I have never thought about giving up in the face of challenges because I believe there will be good and hard times in life. When the good times come, I’ll enjoy it and when the hard times also come, I’ll fight and conquer it. That’s what makes one strong the most.

I did the business myself. I would wake up to go to my stand as early as 8:00 am, sit under the hot sun with an umbrella as a shade, run to the bank 3 to 4 times to withdraw again when my cash finished, and contending with loud noise here and there and vehicles problems, too and close by 7:00 pm every day except on Sundays.

If I am given a grant, I will continue the POS business because I still have my POS machine and the other business equipment such as an umbrella, table, etc., and I’ll employ someone to do it for me. I need money now, I’m starving in school here, Additionally, I need money to do my land documents too.

I did not register my business with the Corporate Affairs Commission. Policymakers and investors can assist me with funds to start the business again.

Contact: 09075896087, Khadijahalagbala45@gmail.com

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