Expansion of mobile phone accessories
Barnabas
Chingola, Zambia
100% repaid
Entrepreneur
Name
Barnabas
Member since
June 2017
On-time repayments
69 installments • 23%
About Me
my names are Kala Barnabas i was born on 15th june of 1987 am a 4th born in a family of 6.
i started school in 1994 and completed in 2007 during my school tenure i loved to study business books as i was taking accounts
my parents could not afford to pay for my school fees i sat 2 years without going to school but i managed to do some piece works, raised enough funds and got baqck to school and completed
i started my business when i could not find employment in 2008
the land is unique because its blessed with a lot of natural resources
i want my children to become successful business people and create employment for others
i like reading business books
My Business
i provide my customers with phone chargers, faces and screen protectors bluetooth devices car chargers talk time and phone batteries
these goods are useful because they are used on a daily
Almost everyone has access to a mobile phone and uses air time to communicate hence i chose this kind of services because they are on demand
the typical costs are transport the revenue comes from the daily sales that I make. The profits are then used to reinvest in business expansion and pay the local council for land rates
to reinvest in business
Loan Proposal
Almost everyone has access to a mobile phone and needs talk time to communicate and do business on phones.this loan will be used to buy mobile phone accessories such as phone chargers , phone faces, phones covers, screen protectors, phone batteries, car chargers, USB cables for various phones and Bluetooth devices at the cost of $177 the benefits it will create to me is the income will increase how be able to stock more of the phone accessories my business will expand and and how be able to move to a much better and bigger shop once I get the loan because how be able to buy more stocks. To my customers they will be able to buy the accessories at an affordable and much cheaper price . from all this my profit will double as I will have more customers
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Loan Info
Project Type
Classic Loan
Disbursed amount
$168.00
Date disbursed
Oct 5, 2017
Repayment status
On Time
Projected term
8 weeks
Other loans
Lenders
United States
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