New stock of phones
Stephen
Chingola, Zambia
$0 to go
100% funded of $172 goal
0
days left
Entrepreneur
Name
Stephen
Member since
January 2021
On-time repayments
10 installments • 40%
About Me
My name is Stephen Musonda and I am based in Kitwe. I had a rough education background, thoughout I could see how my father was struggling to pay my school fees with other 4 brothers I have. And so I kept telling myself that even after going to college I must establish a second source of income. I am an entrepreneur and I want to succeed in everything I do. I hold an Advanced certificate in electronics but because jobs are hard to find I run.
My Business
The pension benefits that were given to us as a family when father died was shared among and was my capital to start my own business, I have faced challenges but with determination I have overcome. SO I opened a shop where I sell electronic items phones, laptops, desk tops, phone accessories and computer accessories. My typical cost I face is renting a shop.
Loan Proposal
Thanks to my lenders for supporting my business.i am applying for this loan K3,625.00 to order some new phones for sale in my shop.The profit I save for my wedding and the rest I will invest back in my business because I want it to grow.
Income Source
From my daily sales am able to save some money and I can pay back from my savings. I am are that due to the current state of the covid19 pandemic the economy is at risk, but I want to assure my lenders that I will pay back using savings from my daily sales.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$172.00
Date disbursed
Feb 10, 2021
Repayment status
Late
Projected term
6 weeks
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