Additional capital for mobile money service
Oscar
Mufulira, Zambia
100% repaid
Entrepreneur
Name
Oscar
Member since
November 2020
On-time repayments
12 installments • 58%
About Me
My name is Oscar Chaswe, aged 35 I am the first born of my parents with two siblings. My father who was a truck driver passed away and that’s when I started business to support the family. My mother is a trader at the market.I finishe school but could not continue because of financial difficulties so I decided start business of selling airtime and sim registration to set up my own business and support the young ones. I am now married with one child who wants to become a pilot.
My Business
Sometimes I moved with my father on the trucks and remembered that they used to struggle where to get airtime. so I later set up my shop as MTN at a junction along kitwe-chingola where a lot of truck drivers park to rest.I like my business I deal a lot with traders on the road and I attend to their needs at a profit. I sell airtime and SIM cards also do mobile money service and zanaco express. Online banking especially using mobile has become very popular. So I have been steady progress in my business.
Loan Proposal
I am here to apply for a loan to increase my capital in my mobile money business. The more transactions I do because of more capital the more I make profit per day.I know my business will grow fast and all profits I will be buying at home and also repay my loan.
With this loan my life and business has really changed from low to higher.
Thank you in advance to my lenders.
Income Source
I am Mobile banker, people need to communicate and also people need to buy and transfer money almost everyday so am never out of business even when economy is hard I still make business, also where am set up my MTN booth is right where truck drivers park and rest so my service is on demand.I can pay back the loan without problem.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$19.00
Date disbursed
Dec 24, 2020
Repayment status
On Time
Projected term
1 week
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