I need money for opening a mobile money transfer business

Dorothy

Lusaka, Zambia

100% repaid

Entrepreneur

Name

Dorothy

Member since

November 2016

On-time repayments

163 installments  •  22%

About Me

My name is Dorothy Simoomba, i was born in 1996, in a family of 6, i am the fourth daughter and i live with my aunt. in lusaka and work for Mr Reuben Muleka in the MTN mobile money transfer kiosk. i am so far doing fine with his help, he is always adding more float when he sees too many customers coming in. I have got high interest and experience since i joined this business. I am well paid and i want to do my own business in another discovered market area.

My Business

I want to own an MTN money transfer kiosk, just like i am working now. I have found a new place to install the kiosk and already accepted by MTN company for one. once i start, i will be able to pay for my further education and also help my family with their needs.

Loan Proposal

I need about $ 400 for float and $20 for Simcards and $ 50 for airtime, its a very busy place and i have been to transact once without the kiosk and i have seen how busy the place is. That will help those who travels long distances for mobile services to find it easily. and i am sure i can make more profit than i make here where i am. my profit will e about $500 every month.

Feedback

None

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Loan Info

Project Type

Classic Loan

Disbursed amount

$185.00

Date disbursed

Nov 6, 2016

Repayment status

On Time

Projected term

33 months

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  • Fernard    Jun 14, 2018

    Dorothy told that she will soon begin repaying once she resumes her business.

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  • Fernard    May 5, 2018

    Dear lenders, i have tried to contact Dorothy her contact detail are still unreachable.

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  • Fernard    Mar 19, 2018

    Dear lenders Dorothy had her business closed temporarily due to the sickness of her mother who later died in the process, however she is trying to put her self together once she stablises she will be able to start repaying her loan any time.

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  • Dorothy    Jan 20, 2018

    Dear lenders i have a challenge in business at the moment, my working capital was stolen hence i can could not pay the full installment and i have just adjusted so as to manage my weekly installment and should my business do well i will be able to increase my weekly installments.I appreciate my V/M for encouraging .

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  • Fernard    Jan 20, 2018

    Dear lenders Dorothy will begin repaying today and i have advised her to reduce or adjust her weekly installment to avoid late repayments.Regards

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  • Paulson    Dec 21, 2017

    I managed to talk to her, business currently for her is not doing very well. I advised her to reduce the weekly deposits and resume the payments by next week.

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  • Fernard    Dec 20, 2017

    Dorothy Simoomba business sales has been very slow for past two weeks and hence commission earning has been little but once her business sales pick up, she will able to repay all the past due installment.

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  • Dorothy    Nov 19, 2017

    Sales of my business has been very slow and i cant repay the full amount hence to reduce to an installment amount that is reasonable and affordable.

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  • Dorothy    Oct 26, 2017

    I really thank you my renders i will buy 5 MTN kiosk outlets for transacting MTN mobile money which is on demand, it will help generate more commission due to a number of transactions done per day.Thank you my renders so much for supporting me May God Bless you.

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  • Dorothy    Oct 24, 2017

    Dear lender am very thankful for loan MTN transaction has done me wonder because of your support i now have 5 outlets they are all doing well.I completed my loan successfully and to do more,I have many more projects.

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  • Dorothy    Aug 30, 2017

    My business has improved and any time soon will finish repaying my loan .Thank you my lenders for your patience.

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  • Dorothy    Jan 13, 2017

    Business improved

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  • Dorothy    Jan 8, 2017

    business gone down

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  • Dorothy    Nov 25, 2016

    Well, I have just opened another Kiosk and the money i have for float is not enough, therefore i will be confortable repaying 30ZMW at the moment until i earn commission, Thanks!

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  • Dorothy    Nov 4, 2016

    thanks my lenders, I will surely move and do my own mobile money business, I will add to my float and transact.

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