Boast my cell phone selling business

John

Lusaka, Zambia

16% repaid

Entrepreneur

Name

John

Member since

June 2015

On-time repayments

6 installments  •  17%

About Me

my name is john i was born in 1992 in a family of 4 , and i started my school in 2001, and completed in 2012. i struggled in school after losing my parents, and i was later taken care by my uncle ,who helped me to complete school , after my graduation l started a small business with a friend, and we agreed to put our money together in order to raise enough capital, hence we started selling cell phones and phone accessories , i decided to sell phones because they are quick to sell and they dont require a huge capital.

My Business

am dealing with cheap cell phones and a few phone accessories in the capital of Zambia Lusaka, i sell cheap phones because they are very affordable ,my daily costs include paying the city council for trading in the market, and paying to the Zambia revenue authority.the profit i make, i use it to pay monthly rentals,and paying my siblings school fees.
the loan will help me increase the stock of phones, to satisfy the demand from my customers, i will be able to buy 5 phones, each costing me 10$ , and each carries a profit of 10$.

Loan Proposal

i will buy 5 phones each costing me 10$, and each carries a profit of 10$, it will help me satisfy the high demand from my customers, and my business will be boasted , i have customers from different parts of the city,and with this loan i will be able to satisfy the demand

Feedback

None

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Loan Info

Project Type

Classic Loan

Disbursed amount

$48.00

Date disbursed

Jul 8, 2015

Repayment status

Late

Projected term

6 weeks

Lenders

mbunifu

San Jose, United States

R

rcmssr

Woodbury, United States

sebastienrosa

Quebec, Canada

Laurie

Sry, Canada

ads68

Melbourne, Australia

fairspirit

Utrecht, Netherlands

mepster

San Francisco, Ca, United States

KM

Kirsty M

United Kingdom

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  • John    Nov 10, 2015

    I just want to take this moment to apologize to all the stuff, members and the entire zidisha community for the delay in repaying my loan,this was due to an illness that got me down for so long,i promise to work on the loan and do my best to repay...

    thank you so much for the patience and opportunity of being in the Zidisha community..
    my apologies.

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  • Mike    Sep 25, 2015

    It has been difficult to discuss any progress with John but I am sure he working on normalising his financial position.
    I will continue the discussions next week if no progress or commitment is shown.

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  • Mike    Aug 19, 2015

    John will review the repayment plan tomorrow. Business has been a bit slow and challenging but he is on a recovery plan.

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  • John    Jun 14, 2015

    Just want to take this moment to thank you all my lenders for funding my loan application...
    This loan will help me to buy more phones..this will boost my business and my profit...

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  • Daniel Coysh    Jun 7, 2015

    I had the pleasure of meeting John on Friday and hearing about his business. He has an excellent idea of how a Zidisha loan can help his business expand, and is excited about becoming an active member of the Zidisha community!

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