Expanding phone and accessories business

Robert Lungu

Kabwe, Zambia

100% repaid

Entrepreneur

Name

Robert Lungu

Location

Kabwe, Zambia

On-time repayments

217 weekly installments  •  65%

About Me

I was born in 1983 in Chipata compound. I completed my secondary school at chizongwe in eastern province of zambia, although it was not easy due to to luck of funds, but I manage since i had to understand that life has alot of experiences. I raised some money out of a short work opportunity i had and started selling smart phones, of which i have become too passionate because of latest technology that is always coming out. Well, the People in my community has too many different values and understanding in terms of our belief but most the people in our country are Christians. I have 2 kids and both of them always talk about being doctors, and that has made me try to work extra hard so that i can make their dreams come true. I have always liked going to church during my free.

My Business

I am offering best and house hold and electronic products and smart phones to the people especially internet users. Products ranges from Fridges,fans,kitchen ware and TVs . I have done a bit of training on electronics as well and i want to move with new technology in order to be fully updated. This business is doing fine as everyone this time around wants to have these products in their homes.I have also retained the phone and accessories business as my initial business although my focus is on this one. My Major costs are to do with transportation of the goods from Lusaka to my town and also I have hired someone to help me with sales and I pay them K1,000 per month.Last month i made about $ 400 as my profit, and i think i will do more than that if i have more stock and i use most of my turn over to pay school fees for my kids and also reinvesting into other businesses particularly the phone business.

Loan Proposal

With this Loan I will spend ZMW5,000 on stocking the new stand that will be opened in Southen province of Zambia, ZMW400 will be used to stock the exisisting stands.
This will boost my revenue and help me to pay school fees for my children and my school fees without much struggles.It will also help me pay my tuition fees as I advance my education.
I am planning to stock assorted types of phones and gadgets that will help the community have a variety of choices,especially that everyone wants phones that have facilities such as whats app,face book for better access to the internet.
As a result my revenues will increse to about K3,500 per week and I will not have a problem with paying back

Income Source

Zambia has not completely locked downas business have continued to run under the new normal and so access to the markert has not changed.However to boost sales Iam using social media such as whats app and face book and that way ,I still get calls from diffent places and we transact using mobile transfers and so far it is working well.

My Videos

Apr 8, 2021: Electronics and house hold items business

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$489.80

Date disbursed

Aug 21, 2020

Repayment status

On Time

Projected term

7 months

Cost to entrepreneur

Service fee: 10% of $489.80 = $57.25

Credit risk payment: $85.88

Lenders

A

Anninymouse

Southampton, United Kingdom

G

GalantnostS

Hong Kong, Hong Kong

J

Jason

New Jersey, United States

F

Fabrizio

Grottaferrata, Italy

Brian

Midhurst, Canada

D

Delph007

Den Haag, Netherlands

S

sendai

Saint Paul, United States

Ishaque

New Jersey, United States

investor

Candiac, Canada

Jakub

Velke Svatonovice, Czech Republic

mbunifu

San Jose, United States

malcolm D

grants pass, United States

AdamP

Sunnyvale, United States

DuAel

Orvault, France

BelleStarr

Albuquerque, United States

cyrus0302

San Francisco, United States

AltruisticSelfishnes

Chicago, United States

K

Kireva

Helsinki, Finland

S

scottr123

BOULDER, United States

Johnny

shanghai, China

lietu

Tallinn, Estonia

DeanDropshot

Oslo, Norway

J

Jdoyle

Kitchener, Canada

Honey

Sydney, Australia

A

Anonymous

United States

LadyofHats

Hamburg, Germany

S

soren

Göteborg, Sweden

J

jonase

Boise, United States

ErikN

Stockholm, Sweden

A

AlethiaLtd

Carlisle, United Kingdom

S

sersub

San Diego, United States

C

Coyote137

Portland, OR, United States

L

ldron7

Utah, United States

Martin

Manama, Bahrain

M

markj

Camberwell, Australia

B

blennert

Bakersfield, United States

Pere

Barcelona, Spain

AF

a f

washington, United States

yeahboi78

Alexandria,LA, United States

R

ryano

New Westminster, Canada

J

JakeA

Wellington, New Zealand

C

cjmenchaca

Austin, United States

P

Piccolo

London, United Kingdom

BrianHibbs

South Bend, United States

Jeff and Marcie

Portland, OR, United States

Apmay

Melbourne, Australia

jk1234

Pinellas Park, United States

TheWhiteCat

Surrey, United Kingdom

beverly

Vancouver, Canada

Raymondo

Dublin, Ireland

G D Export

Kolkata, India

HE

help each other

Glasgow, United Kingdom

C

chrisherron

Chicago, United States

F

fisaire

Ithaca, United States

rasmus

Bern, Switzerland

trevbot

Montreal, Canada

H

HildeK

Rogaland, Norway

D

Divergent

Bethesda, United States

SHRFamily

Vancouver, Canada

Cloudways

Malta, Malta

A

aiban

Austin, United States

J

jzidi

Los Angeles, United States

mossuto

Milano, Italy

Jouni

Finland

Levanticus

Epsom, United Kingdom

southcentral

Zürich, Switzerland

ads68

Melbourne, Australia

Christopher

Copenhagen, Denmark

Ingela

Falun, Sweden

rfriedenberg

New Jersey, United States

V

vshafor

Carlsbad, United States

S

sdamani

Duluth, United States

IM

Isak Maaseide

Tromso, Norway, Norway

A

Andy

Berlin, United States

8

8chrono8

London, United Kingdom

A

alkemyst

Geneve, Switzerland

K

KennaMumford

Salt Lake City, United States

fairspirit

Utrecht, Netherlands

Bobrm2k3

Charleston, United States

S

SheilaB

Nashville, United States

I

ianb723

ROCHESTER, United States

nmatpt

Lisboa, Portugal

RckyMntFamily

Colorado, United States

N

nba1999

Beijing, China

P

prehders

Hamburg, Germany

A

Avalokiteshvara

Yau Yat Chuen, Hong Kong

BF

Bob Fitzjohn

Fontvielle, Monaco, Yemen

M

Marod

Edmonton, Canada

numbat

Perth, Australia

Stefano Bertolo

Luxembourg, Luxembourg

A

AndrewC

London, United Kingdom

U

Ubun2

London, United Kingdom

FriendinOregon

Hillsboro, Oregon, United States

N

NickLuder

London, United Kingdom

JOKer

Weisendorf, Germany

R

ronimo

Brussels, Belgium

V

Volpone

Geneva, Switzerland

O

Ohio

Ohio, United States

dmirpuri

Bangkok, Thailand

J

JacobKate

Brisbane, Australia

xtrahardware

Cazenovia, United States

D

dcheung

San Francisco, United States

S

SAJudy

Argenta, Canada

Freewolf

Salt Lake City, United States

MrMichigander

Marquette, United States

L

Lennert

Alphen aan den Rijn, Netherlands

mikeice

Kohler, United States

C

Clben7

Cincinnati, United States

G

GanSatya

United States

R

RohitSingh

Montreal, Canada

TomF925

www.AfricaLeap.com, United States

sderickson

Berkeley, CA, United States

N

nguyenlapq

United States

Z

zvrk2014

Brookline, MA, United States

E

EjLehar

Galesburg, United States

pvilliger

Zurich, Switzerland

L

lenders

United States

A

AreEmOne

United States

S

spivurno

United States

M

merk85

United States

B

bugdaniel

Switzerland

E

EKuras

United States

T

thenwhen

United States

mepster

San Francisco, Ca, United States

Angelos

Nicosia, Cyprus

TyWee

Manila, Philippines

B

bscent

Hong Kong

Lisbeth

Perth, Australia

Vesa

Helsinki, Finland

W

wesbh89

United States

Laparo

Dusseldorf, Germany

F

factotums

United States

T

tehmle

United States

Grant Xavier Storer

Seattle, Wa, United States

S

sarahb

United States

T

Tim47

United States

K

Keith

Luxembourg

Betapilot

Copenhagen, Denmark

utdream

United States

C

ColoradoSkier

Denver, United States

M

M.Umar

Pakistan

K

Kebrenagast

New York, United States

PolarBearCapital

United States

H

hoyeay

Dallas, United States

G

GEMMGMT

United States

SuperMario28

Cudahy, United States

Mike and Jacqui

United Kingdom

S

Stephan

Netherlands

K

Kristiina

All Countries

S

Sven

Netherlands

Jeroen Decock

Gent, Belgium

Dave Bogard

New York, United States

Ben Triola

St. Louis, United States

Family Mueller

Petershagen, Germany

MZ

Matt Zirwas

United States

JL

Jindou Lee

United States

RB

Renee B

United States

SMOICE

Berlin, Germany

W

Wade

United States

Jake Badger

Roskilde, Denmark

PC

Patrick Clavette

Hartford, Wisconsin, United States

DF

Daniel Fehr-Krahn

Winnipeg, Canada

Kate Courteau

United States

JJ

Jacob Jones

United States

Lou Kaucic

Sanbornton, NH, United States

Richard

Shrewsbury, United Kingdom

Daniel Hammarberg

Gothenburg, Sweden

moursund

Beaver Nation, United States

Kevin

San Francisco, United States

I

Ian

United Kingdom

AF

Alysn Ford

United States

MG

Meron Gribetz

United States

C

cota

United States

YM

Yelka Mikolji

United States

Z

zaroastra

somewhere over the rainbow, Portugal

ME

Manaal Eisa

Washington DC, United States

PT

Paul T

Amsterdam, Netherlands

TH

tom hd

United Kingdom

Carla

Amsterdam, Netherlands

Isabella

UK, United Kingdom

E

eriklonnroth

United Kingdom

Aran Dunlop

United States

AV

Alex Victor

Scottsdale, United States

IH

Isaac Hileman

United States

GY

Gonul Yalcin

United States

Gabriel Fenili

Santo André, Brazil

VS

Vicki Stewart

Charlotte, United States

EthicalHost

Toronto, Canada

I

isaac

United Kingdom

KK

karl kerksiek

United States

Sara R

Leuven, Belgium

Ramon Maghsoudi

San Francisco, United States

B

Brett

Australia

SS

Sam Smithson

United Kingdom

GA

Giovanni and Yelena

New York, Ny, United States

JA

Jan Andresen

Hamburg, Germany

SM

Sachet Marion

United States

L

Lucy

Australia

EP

Emerald Pham

United States

J

jan

United States

Benjamin Kniaz

Boston, United States

WS

Warren Shen

United States

JA

Joshua Axtell

United States

R

Ryan

Albuquerque, NM, United States

D

Dalton

San Francisco, United States

HCPSPIRIT

Helsinki, Finland

hervey liu

United States

NH

Nancy Hull

United States

Diane U

Olympia, Wa, Usa, United States

E

ericb321

Republic of Korea

R

RMIM

United States

DW

Dan Winetsky

United States

Martha Fleury

Bethesda, MD, United States

Jane

Ontario, Canada

A

Adriaan

Netherlands

AM

Anupama Mann

United States

Nethanel Kohen

NYC, United States

BA

Burf and Patsy

St. John's, Canada

MC

Melissa Corrigan

Richmond, California, United States

Carrie

Arlington, MA, United States

MW

Matt Winkler

United States, Canada

Ronald

Dättwil, Switzerland

Richard Paulin

Melbourne, Australia

MH

Matt Hodges

United Kingdom

Marcelo De Polli

São Paulo, Brazil

JK

Janardan Kelkar

Atlanta, United States

Nick Studenski

Minneapolis, United States

Remo

Switzerland

AC

Adri C

United States

DO

Denis Ontiveros

Guildford, United Kingdom

M

Malte

Switzerland

C

Carol

Bayswater, WA, Australia

KM

Karen Marshall

Alice Springs, Australia

EA

Eric Ayers

Atlanta, United States

Peter Collins

Darmstadt, Germany

JV

Javier Vicente

Sarriguren, Spain

Nathan

Columbus, United States

Cambium Foundation

Kirkland, United States

AL

Anna Lusero

United States

RS

Ralph Smyth

United Kingdom

EA

Eric Albert

United States

A

Abby

United States

B

Brandon

United States

KV

Kelly Vinsant

United States

KL

Kerry Lane

United States

AG

Augusto Gesualdi

Berlin, Germany

J

John

Minneapolis, United States

AR

Arjun Ram

United States

MJ

Myles Johnson

United States

J

John

Germany

E

Eduardo

Paraguay

M

Melissa

United States

R

Ru

New York, United States

MC

Mike Cormack

Vancouver, Canada

S

Sebastian

Netherlands

J

Jeremy

United States

LC

Laura Clause

United States

Yosef

United States

Black and White Zebra

Vancouver, Canada

L

Leigh

Australia

Utahna

United States

JI

James Innes

United Kingdom

K

Kieran

United Kingdom

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