Airtel mobile money agent business

Mwenda

Lusaka, Zambia

100% repaid

Entrepreneur

Name

Mwenda

Member since

March 2016

On-time repayments

263 installments  •  63%

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

$634.00

Date disbursed

Jan 10, 2019

Repayment status

On Time

Projected term

8 months

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

TK

Tim Koppel

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

A

Andrei

United States

MK

Mic Ko

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

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

Ask Mwenda a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.

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  • Mårten    Dec 21, 2022

    Merry Christmas Mwenda!
    and here's hoping 2023 is less challenging!

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  • Mwenda    Feb 26, 2022

    I have made payment on 21febuary but it's not reflected so will pay this amount in the mean time

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  • Mwenda    Feb 13, 2022

    The reason for this adjustment is to pay on time as the amount will allow me to settle in full eventually

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  • Mwenda    Jan 22, 2022

    I'm starting to clear of the balance next week for now will pay this amount

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  • Mwenda    Jan 7, 2022

    I'm preparing to be up to date with payment hence puting a smaller amount

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  • Mwenda    Dec 31, 2021

    I'm grateful for the flexibility of the payment will raise the amount next month to clear the balance

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  • Mwenda    Dec 17, 2021

    With the smaller amount it will be managed to pay the credit as I plan to clear the upaid amounts

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  • Mwenda    Dec 9, 2021

    The amount is helping manage to pay dispite being behind but will definetly be up to date with payments as sales have started to grow.

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  • Mwenda    Nov 7, 2021

    currently I'm not able to pay full amount but the amount chosen will help me pay something and clear the outstanding as well as I just wait on my pay from clients

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  • Mwenda    Oct 21, 2021

    This will help me manage to be upto date with payment before i start paying agreed amount or more.

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  • Mwenda    Sep 27, 2021

    being behind with payments the amount will help me pay this friday to eventually be at par with balance due

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  • Mwenda    Sep 6, 2021

    i will be able to pay this on time before i get back to my normale schdule amount. sales are picking now on my business.

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  • Mwenda    Aug 9, 2021

    i would like to continue paying at the 220 amount till month end and its affordable to repay if i missed a day or two

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  • Mwenda    Jul 16, 2021

    i will manage to pay this amount so i do not miss payment date then increase again

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  • Mwenda    Jul 6, 2021

    This is to confirm that I received the correct amount and I'm grateful

    I have currently made an order of potatoes having them delivered tomorrow with the same money

    To my lenders thank you for supporting my project and helping me to grow my business I'm forever thankful

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  • Mwenda    Jul 3, 2021

    Thank you to all my lenders

    The money will help me buy more stock of potatoes and also pallets were I will be able to store my potatoes this will cost me $217 the remainder will help me order drinks to add to my daily sales

    This money will help me stablize my income and also assist me in my education as I start doing my degree programmes

    To my lenders thank you for the continued support and for making my project possible

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  • ME    Jun 30, 2021

    Nice job finding a growing area to invest in, good luck!

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  • Mwenda    Jun 26, 2021

    Firstly i just want to thank Zidisha for the continued support i have received over the years i have been with them.

    The loan has helped me build my business my savings have stabalised by 30% i also managed to purchase a booth which is currently used for mobile money

    The other achievement is that much of the profits i have made is going to pay for my degree programe which im starting next month

    Im really grateful to the Lenders and plan on using the next funds to reinvest in my business for continuous growth

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  • Mwenda    May 12, 2021

    Im ready to complete repaying my loan so I can apply for another ence want to increase my repayment amount thank you for the flexibility Zidisha offers for repayment

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  • Mwenda    Apr 23, 2021

    It's flexibile to manage paying but will do a once off payment to clear all the coming weeks

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