Inventory of affordable mobile phones

Derick Louis

Lusaka, Zambia

100% repaid

Entrepreneur

Name

Derick Louis

Member since

June 2015

On-time repayments

187 installments  •  5%

About Me

my names are Derick Louis Zika, I was born on 9th august 1990 in southern Zambia to Mr David Zika and Mrs Criter Likukela who actually never married. I never had a chance to live with my parents because I had no idea of where they where, my grandmother (the mother to my mom) raised me, I came to learn that my Dad was alive when I was 17 years. I went to school through the help of my Aunt who paid for my school fees up to the time I finished my secondary school.At the time of completing my secondary education,i went to stay with my Dad,that was in 2011,upon staying with my father,the wife who happened to be my step mom never liked me so I left home to go look for something to do.at that time i never considered what would happen to me,I was given a job to work as a general worker at Chartonel Estates North East of Lusaka where I was later promoted to assistant dispatch clerk,a post that I held for Two years..I later resigned due to some financial challenges.In may 2014,I received news that my Dad had died,this forced me to come back to my Dad's home for being the eldest in the family,after the funeral I thought of doing something for myself, that's when I started the Cellphone Business with only US$20..since then i have managed my business very well and have really helped me in so nany ways..
I have always done my best to keep my dreams alive,the business helps me support my siblings from both my Father's and Mother's side for I am the first born.

My Business

Since I began my business, I have been able to progress well and even managed to help the family ,Technology is advancing almost on a daily basis and this is the reason why I decided to venture into the Mobile phones business.
It's so challenging especially if you have old model phones,I started this business in 2014 and since then I have been able to sponsor my family and pay for the education fees of my kid brothers. The aim of the business is to see it grow and be able to employ people who can benefit from it as to reduce the high levels of unemployment among the youths and to contribute positively to the community by building hospitals and school so that the future generation can have a better life.
For through the things I have been through in the past, I have learnt to work hard and endure the test of time. Because it is only through hard work, focus and determination that one achieves his dreams
I decided to go into the mobile phones business because they are on demand, people these days use them because of the advancement in technology.
The profit I make after the sales is used to invest into the business and also helps in my day to day needs like food...

Loan Proposal

Once I get the loan, I will use it to expand my business so that I can be able to have many products and improve my business. and after I have made my business big, I can be able to invest into other projects that I have like the Poultry business which is lying idol due to lack of funds.
I will also be able to buy new and advanced products that are most on demand due to Advancement in Technology....

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$48.00

Date disbursed

Jun 14, 2015

Repayment status

On Time

Projected term

6 weeks

Lenders

mbunifu

San Jose, United States

S

SammyGeorge

Belfast, United Kingdom

R

RJonR

United States

Paul Buchheit

Mountain View, United States

mepster

San Francisco, Ca, United States

T

Tim47

United States

NB

Nicholas Baball Khan

New York City, United States

BB

Ben Bellows

United States

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