Distributing affordable phones

Robert Lungu

Kabwe, Zambia

100% repaid

Entrepreneur

Name

Robert Lungu

Member since

October 2016

On-time repayments

223 installments  •  66%

About Me

I was born in 1983 in Chipata compound. I completed my secondary school at chizongwe in eastern province of zambia, although it was not easy due to to luck of funds, but I manage since i had to understand that life has alot of experiences. I raised some money out of a short work opportunity i had and started selling smart phones, of which i have become too passionate because of latest technology that is always coming out. Well, the People in my community has too many different values and understanding in terms of our belief but most the people in our country are Christians. I have 2 kids and both of them always talk about being doctors, and that has made me try to work extra hard so that i can make their dreams come true. I have always liked going to church during my free.

My Business

I am offering best and house hold and electronic products and smart phones to the people especially internet users. Products ranges from Fridges,fans,kitchen ware and TVs . I have done a bit of training on electronics as well and i want to move with new technology in order to be fully updated. This business is doing fine as everyone this time around wants to have these products in their homes.I have also retained the phone and accessories business as my initial business although my focus is on this one. My Major costs are to do with transportation of the goods from Lusaka to my town and also I have hired someone to help me with sales and I pay them K1,000 per month.Last month i made about $ 400 as my profit, and i think i will do more than that if i have more stock and i use most of my turn over to pay school fees for my kids and also reinvesting into other businesses particularly the phone business.

Loan Proposal

The prvious loan help me to increase my business.I now have two stands and both are doing fine.With the current application I am intending to use half of the loan to increase my stocks for original smart phones on my two stands in town.Most of my customers want phones that have whatsapp facbook and other social applications.Sop i want to order some phones from china and south africa through my freinds who go there so that i can satsify the needs of my customers.The balance am also intending to open another stand due to the increase of demand for smart phones in my area

My Videos

Apr 8, 2021: Electronics and house hold items business

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$238.98

Date disbursed

Aug 11, 2017

Repayment status

On Time

Projected term

2 months

Cost to entrepreneur

Service fee: $6.09

Lenders

MakeSense

-, St. Kitts and Nevis

B

bscent

Hong Kong

Johannes Duerk

Bochum, Germany

PG

Paul Graham

United States

Cyrus Santiago

Calapan City, Philippines

Ed

Howells, United States

Craig Newmark

United States

Humble Bundle Community

San Francisco, United States

JA

Joshua Axtell

United States

Vratik Krocik

Prague, Czech Republic

BE

Bob Ewing

United States

Paul Buchheit

Mountain View, United States

CN

Craig Newmark

United States

T

TP

United States

Jane

California, United States

PA

Peter A

New York City, United States

J

JB

Germany

I

Ivan

New York, United States

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