Increasing the inventory in my electronics shop

Shamasamu Shabula

Lusaka, Zambia

100% repaid

Entrepreneur

Name

Shamasamu Shabula

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

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$374.05

Date disbursed

Aug 21, 2016

Repayment status

On Time

Projected term

4 months

Cost to entrepreneur

Service fee: $10.77

Lenders

F

FHult

Stockholm, Sweden

johnandmoliehi

Canton, New York, United States

TheWhiteCat

Surrey, United Kingdom

M

mkfiddler

Santa Barbara, United States

Zal0m0n

Atlantis!!!! x), Mauritania

JonB

London, United Kingdom

Paul Buchheit

Mountain View, United States

H

HarryPC

Munich, Germany

Grant Xavier Storer

Seattle, Wa, United States

G

GEMMGMT

United States

K

Kristiina

All Countries

Gab

Singapore

M

mmartin

United States

EB

Erica Brescia

United States

Carla

Amsterdam, Netherlands

Framework Eyewear

Utrecht, Netherlands

PG

Paul Graham

United States

Dan Michael

Oslo, Norway

The Zinc Team

San Francisco, United States

Humble Bundle Community

San Francisco, United States

A

Anonymous

United States

LD

Linda Dee

United States

GC

Gabriel Collins

United Kingdom

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