Diversification loan

Musonda

Lusaka, Zambia

100% repaid

Entrepreneur

Name

Musonda

Member since

April 2018

On-time repayments

13 installments  •  23%

About Me

My name is Musonda Chikungu. I am a businessman. I have recently relocated back to Zambia .I started my Primary school at Lake Road Primary . My entire secondary school i studied in Malawi. I am currently in the IT Industry having
found the Industry interesting i chose to pursue as a career. I worked my first job then decided to do business back
in 2005. The challenges in business still remain constant room to grow , credit etc. I would like to establish myself, in
Zambia, there is a good business environment and lots of competition forces us to think harder.

My Business

Hi another go at financing the business. It is on the way slow but sure.Meanwhile I shall use the money for logistics.

My business is Electronics i.e mobile phones. I have been in the Industry for about 13 years. Software and Hardware Repairs and i have been selling LCD , spares etc . Other Equipment i already have i.e Software , Computers. My aim is to raise money to settle rentals and buy small stock i.e Batteries. For now i must work hard and increase my credit limit to start.

Loan Proposal

I deal in software for phones . Recently we have seen an influx in Pda phones that use new technology and also rely touch screen .I have identified a supplier of these products. She resides in China . Complete LCDs $2000 worth Touch original phones $1000 touch Chinese tablet $500 Batteries $500.
Business will benefit from old walk in customers buying goods instead going elsewhere.

Feedback

None

None

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Loan Info

Project Type

Classic Loan

Disbursed amount

$1.00

Date disbursed

Apr 25, 2018

Repayment status

On Time

Projected term

1 week

Lenders

CN

Craig Newmark

United States

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