Loan for expansion of my mobile-phone business
Denes Mwamba
Mazabuka, Zambia
36% repaid
Entrepreneur
Name
Denes Mwamba
Member since
June 2016
On-time repayments
289 installments • 39%
About Me
I AM A YOUNG MAN BORN IN 1995 IN MAZABUKA, SOUTHERN P[ART OF ZAMBIA. I GREW UP UNDER DIFFICULT CONDITIONS .AS I STARTED MY GRADE ONE UP TO GRADE SEVEN AT KAUMBA PRIMARY SCHOOL. I AM TONGA BY TRIBE. I COMPLETED MY GRADE 12 AT ST. EDMUNDS IN MAZABUKA. AFTER COMPLETION I STARTED WORKING FOR MTN AS AN ARGENT. HOWEVER I ALSO STARTED MY OWN MOBILE BUSINESS THAT ENABLES ME SUPPORT MY FAMILY AS I AM FROM THE FAMILY OF SEVEN AND I AM THE THIRD BORN.
My Business
I STARTED MY MOBILE BUSINESS IN 2014. I AM ONE OF THE AGENTS FOR MTN OF WHICH GAVE ME AN ADVANTAGE OF EXPLORING AND DISCOVERING MY BUSINESS PROPERLY. I SUPPLY AIRTIME,SIMCARCDS AND PHONES IN BULK. I HAD TO CHOOSE THIS TYPE OF BUSINESS BECAUSE OF THE HIGH DEMAND FROM THE CUSTOMERS AND THIS IS SUPPORTED BY MANY AS PEOPLE USE THESE THINGS ON A DAILY BASIS. HOWEVER, THE PROFIT I MAKE HELPS ME TO SPONSOR MY YOUNG BROTHER FOR SCHOOL AND REINVEST IN BUSINESS. THE PROFIT WILL ALSO BE USED TO REPAY MY LOAN IF DISBURSED.
Loan Proposal
This loan will be used to buy or puchurse the following items for my business cell phones, batteries,usb cables,phone cavers,screen protectors,usb flash, card leaders,head sets, memory cards, and many more accessories this will cost$503 in total. I hope my loan request will be 100% funded.
From the time I joined zidisha I have never faced any challenge in business I'm very happy and proud of this organisation as it unables me to run my business smoothly.
Thanks a million my lenders and looking forward for your positive response and help God bless.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$513.00
Date disbursed
Jun 5, 2017
Repayment status
Late
Projected term
57 months
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