Business advisory services (expansion)

Lombe

Lusaka, Zambia

Funds disbursed

$0 to go

100% funded of $724 goal

0

days left

Entrepreneur

Name

Lombe

Member since

March 2017

On-time repayments

49 installments  •  31%

About Me

I was born into a poor family in a small town in Zambia, My father worked as a soldier.
I went to Government Schools all the way to Form 5.
In between i was forced to go through a private school, which by then was considered as laughable.

I faced stigma and belittlement in the small community in lived.

I only over came all that when i started passing with Distinctions and beating even all the peers who had gone to Government Schools. I then had to gain my won recognition to one of the top Government Schools.

I started my business in 2015 after realising that working was not giving me the desired results.

My land has a unique people comprising 73 ethnic groupings.

My children all have different ambitions, Doctor, Teacher, Actor, Pastor, Nurse with none of then pursuing my career (Accounting).

My hobby is Painting and drawing.

My Business

My business is Professional Business Advisory Services.

The services are on demand because of the importance they have on each and every business , new , established or even upcoming.

TAX services, Accounting, Business Plans for Banks purposes, Linkages to Auditors and other platforms to complete the business profile is paramount.

My passion to serve the masses who are not able to employ a fulltime Accountant drove me into this business.

My costs involve the following
- Office rentals
- Communication costs (internet etc)
- Transport
- Office expenses
- Printing and stationery
- Advertising
- Administrative Costs
- Outsourcing charges
-
My income is basically Consulting fees and Internships as well as training charges and seminar fees

I spend the income and profits as in:
1.0 My children's fees
2.0 Growing and expansion
3.0 Personal Career Development seminars
4.0 Professional memberships
5.0 Contribution to Humanitarian causes(Lions clubs)
6.0 Home Rentals
7.0 Personal expenses
8.0 Investing in retirement business (farming)
9.0 Mentorship and research

Loan Proposal

I will use the loan to expand into the newly found ares on the Copperbelt, employ an assistant, Pay for an extra office space and meet additional office expenses.

I will have to Pay for my Professional Fees as well so i can fully be recognised as a belonging to Accountants in Practice as well as improve on my out look as a Professional .

I have so far managed to meet various prospects but i will have to improve on attendance to various fora where i can advertise my services. I will also have to open up a web site , print fliers and Business cards and do a lot of door to door canvassing to lure and convince my prospects.

I find that there is a huge need for my services but all i need is to be prepared and be in the right places all the time.

Feedback

None

None

None

Loan Info

Project Type

Classic Loan

Disbursed amount

$724.00

Date disbursed

Sep 20, 2017

Repayment status

Late

Projected term

6 months

Lenders

PG

Paul Graham

United States

roark22

Geneva, Switzerland

Craig Newmark

United States

Humble Bundle Community

San Francisco, United States

Paul Buchheit

Mountain View, United States

A

Anonymous

United States

CN

Craig Newmark

United States

JG

Jake Gibson and Beverly Picardo

San Francisco, United States

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

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  • Lombe    Jan 28, 2022

    I am having financial difficulties cos I am having business issues. Currently we are not doing fine

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  • Emily    Apr 15, 2018

    Lombe said he has been sick for sometime and his business has been slow because of his sickness. He has promised to continue paying in the month of may

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  • Emily    Dec 12, 2017

    Lombe is promising to pay his loan as soon as all is in order.He said if all goes well, he can start paying by next week.

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  • Lombe    Dec 9, 2017

    I need time to start repaying my loan as the season has gone down but come January I expect a boom since its a new year. I don't think its wise to start going into mediations. I am an MLF member. Its embarrassing

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  • Brian    Nov 14, 2017

    His business is not doing fine at the moment but willing to pay at once

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  • Lombe    Nov 4, 2017

    I am experiencing a fall in my business as opposed to my projections.

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  • Lombe    Sep 10, 2017

    Dear Memebers,

    Thanks for the patience and i completed the payment of my last loan before the final due date of 1st October, 2017.

    I managed the following mile stones:
    1.0 I increased my Business Portfolio . Now have 9 loyoal clintens needeing variius services.

    2.0 I have some more climtes to be signedup in the Copoerbelt Provonce

    3.0 My recovery rate was initially slow because people had to lean to believe in my services but now i expect an even bigger response as right now i am still working (mid -night). I Have to recruit an assistant who is able to help me on part-time for now until later.
    4.0 I will need to expand more and more each time.

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  • Lombe    Sep 5, 2017

    I manged to meet all my operating costs pertaingnig to the current customer profile that i have.

    I have seen that i have become more effective in service delivery

    My earning are increasing and will definitely go up to 50% by the time i get into the next loan

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  • Lombe    Aug 16, 2017

    I am experiencing a drop in collections due to the on going concentration of TAX matters hence am not able to make normal collections from my clients. Things will stabilise after 4 week at which point i might even make a lump sum payment.

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  • Lombe    Jul 10, 2017

    Thanks for the Loan of K1,594.00 received . I have since done all i needed to do. New Printer, MIFI for internet. Keep it up

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  • Lombe    Jul 7, 2017

    Thanks for helping me get towards my goals:

    I will buy the PRINTER at the cost of K900.00 or US$90 and Mi-fi for internet at K400 or us$40

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  • Lombe    Jul 1, 2017

    Thanks for the previous loan , Though most of it was used toward MLF , a appreciate that it has given me great insight and support . i hope to grow my MLF on the next laon. I am now settling into my business.

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  • Lombe    May 17, 2017

    Thanks for allowing me to apply for the second loan . i hope it comes sooner

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  • Lombe    Apr 10, 2017

    I am thankful for the loan of K200.00 I hope my next one will be better and bigger.
    I managed to buy my internet Modem to be able to reach out to my clients
    I have improved communications so far and received some payment form A CLIENT .
    I am saving up for a bigger inernet connection wichi is high speed

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  • Lombe    Mar 26, 2017

    I will use the initial loan for business logistics
    I will benefit in that i will become more efficient in my outreach to clients

    Thank you for this loan

    Keep it up

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