Hypower wiremen business expansion project loan
Ian
Lusaka, Zambia
100% repaid
Entrepreneur
Name
Ian
Member since
August 2015
On-time repayments
7 installments • 100%
About Me
My name is Ian Chikunji, i was born in 1973 in a remote area called Mwinilunga. My father was a teacher and he was a hard worker who always told us to work hard.My mother was an orphan who was raised from an orphanage and her life with my daddy was very hard. I was born in a family of 9 from same mother but my father married other women and fathered 16 more children and it was difficult for my father to support us all, however he managed to educate us with a lot of difficult.My mother could sell some vegetables to supplement I promised my self to work extra hard in life and support my family and my parents. Am a holder of a diploma in electrical appliance servicing and repairing and this was the foundation of my business. Due to financial difficult i prefer going out house to house looking for jobs. I started my business in order to support my children at school and plan for the future. I want my children to be educated and also learn how to generate extra cash. At the time i did my diploma i did not have enough cash and so i started selling oranges to pay my school fees. and i achieved my goals. My hobbies are dancing, riding bikes and running. I want to be successful. I also have a dream of starting a youth skills training center taught in local languages targeting those who cant write or read but can learn some skills. I believe that with your assistance i will achieve my dream.
My Business
My goods and services are : repairing domestic electrical appliances and sell cables, and electrical fittings in addition i also do house wiring. My goods and services are useful and on demand because every house hold needs them. I make about a K1000 per week in repairs and about K1500. I use my profits to expand my business and pay school fees for my kids and our house rentals. And also buy farm inputs for my mother. I intend to use the loan to expand my business and employ some jobless youths. I enjoy repairing and servicing appliances its my life and my dream. I also opened a facebook account called Hypower Wiremen to advertise my services and goods.
Loan Proposal
I will use the loan to start an electrical hard ware shop. This will also allow me to have stock to use in the field and i will employ 1 assistant. My profit is expected to increase by at least 50% and i will income from the repairs and from my hard ware shop.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$125.00
Date disbursed
Aug 28, 2015
Repayment status
On Time
Projected term
7 weeks
Lenders
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