Increasing the inventory in my electronics shop

Shamasamu

Lusaka, Zambia

100% repaid

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How it Works

Entrepreneur

Name

Shamasamu

Member since

April 2016

On-time repayments

258 installments • 68%

About Me

My names are Shamasamu Shabula, 32 years old, the founder of Energetic Smart Generation, complete my secondly education in 2006 at Libala high school. when i was young , about 14 years, my mother owned a shop and she required me to help out after school, that's how my love for business started. she would leave the shop in my care to make orders, sell and balance the books. i am one person who loves to share business ideas and ask questions. i believe two hands are better than one, i love to read and network with person online, and go to church for spiritual guidance.

My Business

Name of the Company is Energetic Smart Generation, we provide mobile money (airtel, mtn, fnb cash plus and Zanaco Xpress services in Lusaka ,Zambia. We have 5 outlets located in Bauleni, three in Chalala and one in woodlands. Mobile money is a fast growing business in Zambia, as it makes it easy for people to access and send money. It's on evey corner, and the bank of Zambia the governing body has supported this service. Mobile money is in places that banks can not operate, giving mobile money an advantage over the banks.

Loan Proposal

Thank you for the opportunity. Having finished paying back the first loan in full, which was used to order stock (chargers, headsets, memory cards and power banks). I managed to sell 95% of the stock. I am applying for another loan to increase on the inventory, due to the increased number of customers walking in asking for those products. I plan on offering a wide range of products to our beloved customers. The number of customers has grown, due to the fact that the first loan was used on inventory, people now know that i stock such products. I have customers referring family memebers and friends to come to the shop. This loan will be used to order more headsets, power banks, memory cards, flash disks, screen protectors, cover for phones, batteries, chargers etc.
I believe the key in having a succesful business is consistence. Having offered those products, customers are still coming back to ask for more. $330 will be used to order the products listed above, $30 for transport
Thank you for reading, looking forward
regards
Shamasamu Shabula
ESG