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
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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
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