Journey to becoming a landlord

Clive Makala

Lusaka, Zambia

100% repaid

Entrepreneur

Name

Clive Makala

Member since

October 2018

On-time repayments

25 installments  •  72%

About Me

I am currently working as a legal assistant at a law firm in Lusaka, Zambia. My salary from this job is not enough to sustain me so I am trying to raise funds to open up my own Airtel money booth to give me extra income.

My Business

Airtel money booths make money when customers come to deposit or withdraw money from their Airtel money accounts. The key is to have a booth an area where there is a lot of traffic in order to maximise on the profits. I plan to use the money made from this project to open up more booths. I recently received a Zidisha loan of ZMW1,288 which I repaid on time. I am still trying to raise enough money for the Airtel money booth.

Loan Proposal

Having successfully repaid my previous loan, I would like to use the funds from this loan to continue funding my building project. The money will be used to pay the people who will clear the grass and trees on the piece of land.

Feedback

None

None

None

Loan Info

Project Type

Classic Loan

Disbursed amount

$22.69

Date disbursed

Nov 15, 2018

Repayment status

On Time

Projected term

1 week

Cost to entrepreneur

Service fee: $0.65

Credit risk payment: $3.90

Lenders

Lambie

Perth, Australia

Aran Dunlop

United States

V

Vidar

Oslo, Norway

RW

Ronald Waite

United States

AM

Andy Marston

United Kingdom

Ask Clive a question about this loan project, share news and photos of your own, or send a simple note of thanks or inspiration.

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  • Clive Makala    Oct 30, 2022

    Thank you for funding the project. We will purchase the inputs for the tomatoes.

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  • Clive Makala    Oct 30, 2022

    Thank you for funding the project. We will purchase the requirements for the Tomatoes.

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  • Clive Makala    Oct 30, 2022

    I was able to rear the broiler chickens and sell them to customers.

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  • Clive Makala    Jul 20, 2022

    Thank you for the loan. I will purchase the day old chicks and the feed required for the chicks.

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  • Clive Makala    Jul 20, 2022

    Thank you for the loan. I will be able to buy the day old chicks and the feed.

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  • Clive Makala    Jul 19, 2022

    The loan enabled me to rear chickens which I was able to sell to my regular customers.

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  • Clive Makala    Jun 18, 2022

    Thank you for the loan. I will purchase the ingredients to make chicken feed.

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  • Clive Makala    Jun 18, 2022

    Thank you for the loan. I will buy the ingredients for chicken feed.

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  • Clive Makala    Jun 18, 2022

    I was able to repay my loan after selling chickens. I am requesting a new loan in order to buy feed for my broiler chickens.

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  • Clive Makala    Sep 7, 2019

    Thank you for the loan. I will use the money to open up an Airtel money booth. It will help me empower other people by creating employment for the individual that will work at the booth. I aim to open up many more booths.

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  • Liz    Aug 23, 2019

    This is a good business idea. When someone gets a good job in the city, they can use airtel to send money home to their family.

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  • Clive Makala    Aug 20, 2019

    The previous loan was used to invest in an airtel money booth. However, I was not able raise the full amount. Therefore, I need to borrow a larger amount which will enable me to pay the full deposit as well as the booth.

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  • Clive Makala    Jul 29, 2019

    Thank you so much for your help. The money will be used to fund my mobile money business. This will help me increase my monthly income.

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  • Clive Makala    Jul 16, 2019

    The last loan I received was able to help me finish clearing the land which I own as well as pay off the outstanding annual land rates.

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