Airtel mobile money agent business

Mwenda Kaluwaji

Lusaka, Zambia

100% repaid

Entrepreneur

Name

Mwenda Kaluwaji

Location

Lusaka, Zambia

On-time repayments

237 weekly installments  •  69%

About Me

My full name is Mwenda Kaluwaji aged 31 male based in Lusaka Zambia. I grew up in a huge family where we had to share every little we had. Completed my high school back in the year 2006 then went on to pursue a course in business management which has always been my passion. Well after College I got a job at Entrepreneurs Financial Centre (EFC Zambia) one of the leading micro-finance organisation in Zambia. I was hired as a Sales Representative. Unfortunately the job did not last as expected ,but since I had saved some money I decided to start a business from the experience I got interacting with entrepreneurs from different walks of life and backgrounds. I later decided to venture into a profit making business till to date.
The uniqueness of my country is that it has about 60 percent of water-bodies of southern Africa contained in Zambia.
I envision my children to grow up in a modern city so as to ease and increase opportunities for them to pursue careers that they will be passionate about and ultimately be relevant in society.
And lastly, my hobbies include but not limited to reading and travelling.

My Business

My business is growing by the day and i have just ventured into potato selling.

This type of business is on demand because of growing fast foods restaurants around.

Having gained experience in running businesses i have decided to diversify into potato selling because of low cost of running it and also having access to my daily profits will help me plan well for growth plus during winter sales for potatos go up hence taking up this business during the gold rush season.

My typical costs range from paying rent $50 for my shop monthly, i have only employee who helps me when i go out to do other errands and so salary lunch plus transport is costing to $100 then also ordering of poatoes costs every week $200

The previous loan has really helped me stabalise my savings. the loan im applying for will greatly help me boost my stock through profits to reinvest in the business for more growth, i will also manage to pay for my degree program which im starting next month and manage other expenses.

Loan Proposal

This loan when acquired will greatly help me get a second booth, a phone to use plus material to mount it at a location I have already secured total expense being at $110. The remaining amount will be used as agent float so that I can provide a seamless service to my customers.

The benefits are immense as this will help me expand my business network as well as create more revenue streams for my business. It will also create employment to my fellow youth as they will also get the benefit of getting paid and it will further put me on track to explore other business opportunities as I strive to contribute into service delivery as an agent of mobile money solutions. Having a second booth will also mean that I will be able to increase my monthly savings and also afford to pay my running costs promptly.

Because of the steady growth of demand and foot traffic at my current booth, I expect my profit margins to increase greatly to above 30% monthly.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$634.01

Date disbursed

Jan 10, 2019

Repayment status

On Time

Projected term

8 months

Cost to entrepreneur

Service fee: 5% of $634.01 = $19.59

Credit risk payment: $117.82

Lenders

J

jeffb

United States

A

Anninymouse

Southampton, United Kingdom

investor

Candiac, Canada

M

Meckel

Boulder, United States

cyrus0302

San Francisco, United States

Kjartan

Oslo, Norway

MarktheMormon

Sandy, Utah, United States

I

Interfree

Dubai, United Arab Emirates

L

ldron7

Utah, United States

Pere

Barcelona, Spain

dsmart978

Bondurant, United States

R

Richard

West Sunbury, United States

J

JakeA

Wellington, New Zealand

C

cjmenchaca

Austin, United States

MindMuse

Talking Rock, United States

T

Timotte

WOLLONGONG, Australia

Tavin

Ottawa, Canada

beverly

Vancouver, Canada

B

Bavarian

Bavaria, Germany

indeh

London, United Kingdom

J

Jaslogic

Castle Rock, United States

Sundstroms

Falun, Sweden

B

blue0green717

St-Lucien, Canada

Cloudways

Malta, Malta

R

Rking

Eugene, United States

Christopher

Copenhagen, Denmark

MillerClark

London, United Kingdom

D

danjimerson

Hammondsport, United States

M

mkellerman

Shanghai, China

basicus

Cairo, Egypt

IM

Isak Maaseide

Tromso, Norway, Norway

Maxey

Amstelveen, Netherlands

JC

Jordi Cohen

New York, NY, United States

fairspirit

Utrecht, Netherlands

Z

zhihanchew1234

Tampin, Malaysia

camilberlin

Berlin, Germany

J

Johannes

Pirmasens, Germany

BF

Bob Fitzjohn

Fontvielle, Monaco, Yemen

Robert D

Houston, United States

GarmdGriek

Oslo, Norway

W

WinWinNL

The Hague, Netherlands

Zal0m0n

Atlantis!!!! x), Mauritania

Generaal

Antwerp, Belgium

H

HobbyCollector

Beach City, United States

gseletko

South Perth, Australia

markpearson

Portsmouth, United Kingdom

G

GanSatya

United States

sderickson

Berkeley, CA, United States

G

GoughGirl

Washington, Dc, United States

M

mb210047

Miamisburg, OH, United States

S

spivurno

United States

M

Marko

Helsinki, Finland

D

DandS

United States

TyWee

Manila, Philippines

B

bscent

Hong Kong

Vesa

Helsinki, Finland

W

wesbh89

United States

Laparo

Dusseldorf, Germany

C

ColoradoSkier

Denver, United States

S

SuzanneD

United States

M

mbarbier

United States

Mike and Jacqui

United Kingdom

S

Stephan

Netherlands

JP

James Parker

Sacramento, United States

KM

Kirsty M

United Kingdom

MD

Miles Dodge

CORVALLIS, United States

PP

Pasi Paajanen

Helsinki, Finland

Craig

Memphis, TN, United States

JC

JD Conley

United States

C

cota

United States

R

Rembrandt

United Kingdom

Paul Smithson

Leeds, United Kingdom

B

Barry

United States

JC

Justin cohan

United States

K

Katka

St Albans, United Kingdom

I

isaac

United Kingdom

J Laufs

Germany

JA

Jan Andresen

Hamburg, Germany

Sinan Taifour

Munich, Germany, Germany

VC

Victor Chong

United States

R

Ralf

Germany

RS

Rick Smith

Cuenca, Equador

C

Campbell

New Zealand

Dean Suminski

Portland, Oregon, United States

GS

Gary Sinard

Franklin, TN, United States

R

RMIM

United States

JC

Jordanna Chord

Kirkland, WA, United States

Bryce Bow

Bloomington, In, United States

Tyler Metcalf

Utah, United States

S

Sarah

Arlington, United States

afaness

Germany

ZS

Zach Silveira

Asheville, Nc, United States

BN

Brian Neilon

United States

S

S

Canberra, Australia

Sean Richards

Wilmette, United States

BA

Burf and Patsy

St. John's, Canada

CC

Chuck Cassel

United States

BG

Bruce Garretson

Portland, Oregon, United States

H

Haley

United States

LM

Laquelle Mari

United States

Mai Phuong Nguyen

Nashville, United States

JL

James Little

United Kingdom

Raoul

Germany

Erin Jay

Findlay, OH, United States

PA

Peter A

New York City, United States

J

JB

Germany

Severin Zörgiebel

Frankfurt, Germany

W

Wrenn

Germany

A

Andy

United States

B

Ben

United States

LT

Lisa Taylor

California, United States

EA

Eric Ayers

Atlanta, United States

KA

Kate and Tom

United States

M

Mika

Switzerland

Dustin Lape

Lynchburg, United States

Philippe Nadouce

London, United Kingdom

B

Bram

Germany

Nathan

Columbus, United States

GF

Gammon Family

United States

T

T

United States

Angela Chu

Toronto, Canada

KO

Kenneth Oram

United Kingdom

M

MaggieK

United States

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