Invetory for the new stands

Robert

Kabwe, Zambia

100% repaid

Entrepreneur

Name

Robert

Member since

October 2016

On-time repayments

223 installments  •  66%

About Me

I was born in 1983 in Chipata compound. I completed my secondary school at chizongwe in eastern province of zambia, although it was not easy due to to luck of funds, but I manage since i had to understand that life has alot of experiences. I raised some money out of a short work opportunity i had and started selling smart phones, of which i have become too passionate because of latest technology that is always coming out. Well, the People in my community has too many different values and understanding in terms of our belief but most the people in our country are Christians. I have 2 kids and both of them always talk about being doctors, and that has made me try to work extra hard so that i can make their dreams come true. I have always liked going to church during my free.

My Business

I am offering best and house hold and electronic products and smart phones to the people especially internet users. Products ranges from Fridges,fans,kitchen ware and TVs . I have done a bit of training on electronics as well and i want to move with new technology in order to be fully updated. This business is doing fine as everyone this time around wants to have these products in their homes.I have also retained the phone and accessories business as my initial business although my focus is on this one. My Major costs are to do with transportation of the goods from Lusaka to my town and also I have hired someone to help me with sales and I pay them K1,000 per month.Last month i made about $ 400 as my profit, and i think i will do more than that if i have more stock and i use most of my turn over to pay school fees for my kids and also reinvesting into other businesses particularly the phone business.

Loan Proposal

With this Loan I will spend $350 on stocking the new stand that will be opened on the copperbelt province of Zambia,$250 dollars will be used to stock the exisisting stands.
This will boost my revenue and help me to pay school fees for my children without much struggles.It will also help me pay my tuition fees as I advance my education.
I am planning to stock assorted types of phones and gadgets that will help the community have a variety of choices,especially that everyone wants hones that have facities such as whats app,face book etc.
As a result my revenues will increse to about $450 per week and I will not have a problem with paying back

My Videos

Apr 8, 2021: Electronics and house hold items business

Feedback

None

None

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Loan Info

Project Type

Classic Loan

Disbursed amount

$615.00

Date disbursed

Sep 30, 2018

Repayment status

On Time

Projected term

22 months

Lenders

A

Anonymous

United States

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  • Chama    Sep 2, 2021

    He will make the payment within a months time

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  • Chama    Aug 2, 2021

    I talked to Lungu and said that he will pay back the loan as soon as possible

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  • Robert    Jul 3, 2021

    Business isbad due to Covid-19

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  • Robert    Jul 3, 2021

    My business has really reduced due to Corona virus.Zambia is going through a 3rd wave and it is very ravaging

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  • Chama    Jul 1, 2021

    I talked to Robert and he said the payments will done soon just that, he faced challenges on his way.

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  • Chiozya    May 16, 2021

    Dear lenders,

    I spoke with Robert and he plans to make a repayment towards his loan as soon as the stock he ordered arrives. Thank you.

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  • Robert    Apr 30, 2021

    The stock i ordered have not arrived yet so my sales are a bit low

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  • Robert    Apr 17, 2021

    I have receive K8,850
    I will buy stock for resale phones and accessories and house hold items
    Thank you my lenders

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  • Robert    Apr 17, 2021

    I have received K8,850
    I will buy House hold Items and Phone accessories
    Thank you for the loan my lenders

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  • Robert    Apr 16, 2021

    I will buy House hold items for resale
    I will also buy some phones and accessories for resale


    Thank you so much my sponsors as the success of my business will help me to pay for my chuldrens school fees without strugling.I will also meet the needs of my family.God bless you.

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  • Robert    Apr 8, 2021

    Thank you my lenders.I started with selling phones and accessories but now i have grown and am selling electronic products and household item.Iam also able to meet my family expenses.my children have started going to a very good school now and my family is very happy.Please dont stop your good deeds.God bless you.

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  • Robert    Mar 26, 2021

    My payments have delayed

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  • Robert    Feb 9, 2021

    Slow sales

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  • Robert    Jan 8, 2021

    I have experienced low sales

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  • Robert    Dec 9, 2020

    Business challenges

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  • Robert    Nov 15, 2020

    My supplies have delayed and so i will need to reduce for me to service the loan before i can stabilize

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  • Robert    Oct 14, 2020

    My consignement has delayed so i need to mobilize through other means.

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  • Robert    Sep 4, 2020

    Optimum at the moment

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  • Robert    Aug 16, 2020

    Thank you my Lenders.With this money I will expand my business to other towns and diversify a littke bit in order to broaden my income base.Thank you so much.

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    • Isabella    Aug 16, 2020

      That all sounds very positive, Robert. I hope that your son is doing well now?

      Regards
      Isabella

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  • Robert    Aug 5, 2020

    The previous Loan helped me to open up new shops in Kapiri and Ndola.
    I had some challenges due to the illness of my son which led to my struggling along the way but the same loan helped me to sort out the hospital bills I incured.I also managed to register in the university for a course in Business Administration and the loan reaaly helped me to pay my school fees without strugling.I Will be graduting next year if all goes as planned.
    My weekly sales increased to K2,500 and with this am able to pay my rentals without much strugling.
    Covid 19 has brought some challenges but with the phone and accessories business,I have opprotunities as everyone wants to own a smart phone so they can get ablest woth what is happening in the world.
    I have also regained my markert share and currently my business is doing fine.Iam hoping to start a new shop in Monze,Southern Zambia if the current application gets approved.

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