Loan to buy MTN kiosk for mobile-money transactions

Dorothy

Lusaka, Zambia

2% 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 reall to buy 5 kiosks as outlets to be transacting mobile money, the cost for each outlet is USD 50 and the total cost for 5 outlets will be USD 250. This will benefit me alot due to high demand of mobile money transactions.

Feedback

None

None

None

Loan Info

Project Type

Classic Loan

Disbursed amount

$278.00

Date disbursed

Oct 27, 2017

Repayment status

Late

Projected term

27 months

Other loans

Lenders

Paul Buchheit

Mountain View, United States

CN

Craig Newmark

United States

JG

Jake Gibson and Beverly Picardo

San Francisco, United States

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

Please log in to comment.

  • Fernard    Jun 14, 2018

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

    Log in to reply • Share
  • Fernard    May 5, 2018

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

    Log in to reply • Share
  • 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.

    Log in to reply • Share
  • 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 .

    Log in to reply • Share
  • 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

    Log in to reply • Share
  • 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.

    Log in to reply • Share
  • 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.

    Log in to reply • Share
  • 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.

    Log in to reply • Share
  • 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.

    Log in to reply • Share
  • 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.

    Log in to reply • Share
  • Dorothy    Aug 30, 2017

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

    Log in to reply • Share
  • Dorothy    Jan 13, 2017

    Business improved

    Log in to reply • Share
  • Dorothy    Jan 8, 2017

    business gone down

    Log in to reply • Share
  • 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!

    Log in to reply • Share
  • 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.

    Log in to reply • Share


Loading...

Loading...

Loading...