Loan for my mobile financial services business
Emmanuel
Chingola, Zambia
100% repaid
Entrepreneur
Name
Emmanuel
Member since
June 2017
On-time repayments
193 installments • 31%
About Me
am Emmanuel Chanda, a male born on 8th of Nov 1987
i started school in 1994 and completed in 2005 am an executive director for the Telescope Young Leaders of Africa Network Zambia and district coordinator for Actvisty For Justice and development also a chairman for Youth Co-operative society limited called Hope Youth. Am aslo a director for Emanda Agricon Suppliers which deals in agriculture products. during my childhood i grow up a good person who was taught to always work hard by my parents.
one of the hardship i overcame its when i was at secondary school. i had no one to pay school fees and i was chased from school and skipped some important topics but still i managed to complete my secondary school
i came to start my own business when i was relieved of my duties
the unique about the land i live in is its a blessed land where you can do any business and succeed
reading business books
My Business
i provide MTN mobile money services as an official agent and i also vend in talktime, payment of DSTV, GO TV and zesco units for my customers.with our country going digital on October 1st it means that another service will be added onto the payment system. our national Tv is migrating from analogue to digital.This will be a topstar
These services are useful because they are used on a daily basis in today's life
the typical costs are transport and rentals
I use the profit for business reinvestments
Loan Proposal
MTN Mobile Money is a fast, simple,convenient, secure and affordable way of transferring money, making payments and doing other transactions using a mobile phone.customers come to deposit and withdraw their money using the same service. therefore the all amount of $115 will be used to cash in the customers who will come to withdraw the money and make deposits for those who wants to save there money or it will also be used to pay bills and other goods and
services such as loan repayments for Zidisha e.g I have almost 20 friends on Zidisha who come to withdraw money when they receive loans deposit money into there account for loan repayments and am not an exceptional I use the same service to receive and send money from Zidisha
The benefits it will create to me is the business will expand hence I will be performing more transctions since I will have more cash and the profit margin will increase and to others is those who would want to withdraw large sums of money will no longer to go to town to go and withdraw their monies instead I will be able to cash in the amount they need and they is no need to travel far or wait
impatiently in banks to withdraw the money as people will have the service at the door step
the profits will double
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Loan Info
Project Type
Classic Loan
Disbursed amount
$115.00
Date disbursed
Jul 29, 2017
Repayment status
On Time
Projected term
5 weeks
Other loans
Lenders
United States
United States
Jake Gibson and Beverly Picardo
San Francisco, United States
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