Loan for expanding my mobile-money services

Clever

Lusaka, Zambia

33% repaid

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How it Works

Entrepreneur

Name

Clever

Member since

July 2020

On-time repayments

15 installments • 20%

About Me

My name is Clever Hachilala,i completed my high school and at the moment am doing business to raise money to take me to college.I come from a humble family and am the 4th born from the family 5.A none governmental organization empowered the youth with money to start businesses and that's how i started my own business.I live in a peaceful country and plenty of natural resources.

My Business

I provide mobile banking services to people and the demand is very high.I provide MTN, AIR TEL AND ZAMTEL KWACHA.The service is very useful and because people able to withdraw money at their door step now here in Zambia and there are also able to deposit at any time and pay bills using their phone.I choose the business because it is profitable and it sustains my family a lot.My typical cost of this business is K 20000.00 and the revenue per is K 7000.00,therefore the profits are used to pay school fees, improvement the business and home improvement as am the bread winner of the family.

Loan Proposal

I need to expand mobile money services to earn more commission because mobile money banking is highly on demand at the moment than banking.Should i expand i will be earning a lot of commission for business.

Income Source

In as mush as many business have crippled, mobile money service is doing well because of banking restrictions due to covid 19.Mobile money service is highly on demand and am able to generate a stead income at the moment.