Additional capital for mobile money business

Francis

Lusaka,zambia, Zambia

16% repaid

Entrepreneur

Name

Francis

Member since

November 2017

On-time repayments

114 installments  •  59%

About Me

My name is Francis Daka, based in Lusaka Zambia. My business model is mobile money which I have been running for the last eight years now. I have acute mobile money business understanding due to several years of business experience.
I have been an active Zidisha community member from 2015 to-date. Due to favourable loan terms and conditions for Zidisha, I commenced loan acquisition from this platform to-date.
Zidisha has greatly, helped me expand my business at a faster rate.

My Business

The Mobile Money business is operating well and it has starting picking up. The venue where the business undertaken is operating is now known. Hopefully, by the end of December 2019, I will open another mobile money booth.

Loan Proposal

This loan will be used to expand my capital base in the business. I have been using K5000 as my capital but I will be using K 7000 as my capital until I reach K10000 as float.

Income Source

This business has less risk factor because all banks in Zambia are encouraging customers to be using fund transfer in order to lessen contact with physical cash. This has made this business more lucrative than before.
Both Airtel and MTN has scrapped fees on any transfer to encourage citizens to use mobile platforms.

Feedback

None

None

None

Loan Info

Project Type

Classic Loan

Disbursed amount

$368.00

Date disbursed

Mar 5, 2021

Repayment status

Late

Projected term

6 months

Lenders

lietu

Tallinn, Estonia

C

chrisherron

Chicago, United States

M

Mårten

Inden, Switzerland

ShaneHeneghan

Galway, Ireland, Belgium

C

cooltaj

Alexander, United States

Kevin

San Francisco, United States

Ren

Minneapolis/StPaul, United States

Paul Buchheit

Mountain View, United States

David Hopkins

United States

L

Leigh

Australia

E

Ed

Colombia

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Summary

Amount repaid

$59.90

Amount remaining

$304.26

Expected completion

Sep 19, 2021

Status

Repaying late

Installment amount

$10.00

Repayment History

Expected Payments Actual Payments
Mar 14, 2021 $30.37 Mar 15, 2021 $23.58
Mar 27, 2021 $6.79
Mar 21, 2021 $0.28 Mar 27, 2021 $0.28
Mar 28, 2021 $10.00 Mar 30, 2021 $10.00
Apr 4, 2021 $7.07 Apr 7, 2021 $7.07
Apr 11, 2021 $10.00 Apr 20, 2021 $0.71
May 21, 2021 $5.57
Jun 7, 2021 $3.73
Apr 18, 2021 $10.00 Jun 7, 2021 $2.17
Apr 25, 2021 $10.00
May 2, 2021 $10.00
May 9, 2021 $10.00
May 16, 2021 $10.00
May 23, 2021 $10.00
May 30, 2021 $10.00
Jun 6, 2021 $10.38
Jun 13, 2021 $10.38
Jun 20, 2021 $10.38
Jun 27, 2021 $10.38
Jul 4, 2021 $10.38
Jul 11, 2021 $10.38
Jul 18, 2021 $10.38
Jul 25, 2021 $10.38
Aug 1, 2021 $10.38
Aug 8, 2021 $10.38
Aug 15, 2021 $30.37
Aug 22, 2021 $30.37
Aug 29, 2021 $30.37
Sep 5, 2021 $30.37
Sep 12, 2021 $7.69
Sep 19, 2021 $3.49

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