Official Kazang agent

Andrew Chinambu

Lusaka, Zambia

100% repaid

Entrepreneur

Name

Andrew Chinambu

Member since

June 2015

On-time repayments

217 installments  •  94%

About Me

Andrew Chinambu is a youth development expert and a serial young social entrepreneur with business interests in mobile money payment solutions, and a co-founder of a social enterprise called Campus Community Foundation (CCF), that seeks to promote and champion youth development, entrepreneurship and leadership to university and college students in Zambia. Andrew is also an Award winning entrepreneur of the 2012-13 series INDIAFRICA Essay writing competition, 2014 INDIAFRICA Young Visionaries Fellowship Programme and attented an entrepreneurs Bootcamp in New Delhi, India and was a Winner and Finalist of the INDIAFRICA Business Venture Competition 2014 in Accra, Ghana. Andrew currently holds a Bachelors degree in Mass Communication from the University of Zambia.

My Business

I am currently running a profit making venture with the core business in mobile money solutions. This venture has been in existence for over three years and now I wish to seek for financial support and try to grow with the service and product offerings. I now wish to expand my agency business under the Zambia National Commercial Bank (ZANACO) Xpress Agent and help ease the challenge of deposits and withdraws from the limited number of ATMs around my community. I basically want to increase the services and product offerings so that customers can easily receive and send money via the Airtel and MTN money platforms. I wish to include Zanaco as it is Zambia's biggest commercial bank with the widest footprint across the country. With increased services and products, I can therefore anticipate an increase in my profit (commissions) margins I receive.
It's against this background that my application for this loan is to basically help me secure funds that will make it possible for my services and products to be increased thereby positioning my shop relevant to the everyday needs of the customers out there. The loan will enable me order more stock in terms of float on all the three networks.
The profits that will be generated off this venture will assist me in repaying my Zidisha loan as well as help me in my daily operational costs for running my mobile money payment solution and my daily livelihood.

Loan Proposal

Dear Zidisha Leaders,

Allow me to commend all the lenders involved in this online community for the job well done so far.
I further write to express my interest to apply for the loan of about $1,000 for me to be an official agent for KAZANG Zambia so that I can facilitate prepaid payments for services such as pay TV (DSTV and GoTV) prepaid airtime (Airtel Zambia, MTN Zambia, Zamtel and Vodafone) and the selling of prepaid electricity tokens. This business venture will benefit me as it is highly consumed by customers due to the fact that services being offered are used on a daily basis by almost all customers.
If I become an official agent of Kazang Zambia, and manage to make sells of about $1,000 per month, then I would safely expect my profit margins to increase by $100 per month aside from the other phone accessories sales that we are currently selling.

Feedback

2

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Loan Info

Project Type

Classic Loan

Disbursed amount

$1,038.90

Date disbursed

Jan 2, 2017

Repayment status

On Time

Projected term

14 months

Cost to entrepreneur

Service fee: $28.93

Lenders

K

Katpjotr

Sint-Maria-Oudenhove, Belgium

AltruisticSelfishnes

Chicago, United States

S

soren

Göteborg, Sweden

T

Tallago3

Munich, Germany

BJ

Brandon Joz

North Carolina, United States

Tavin

Ottawa, Canada

KirstenShute

Montreal, Canada

G

Goodwill

Oakland, United States

H

hteba

Northwich, United Kingdom

ads68

Melbourne, Australia

Christopher

Copenhagen, Denmark

Robert D

Houston, United States

Thilo

Germany

O

osterqvist

Linköping, Sweden

mikeice

Kohler, United States

Paul Buchheit

Mountain View, United States

D

DandS

United States

Tobsoc

Hannover, Germany

Kate Courteau

United States

E

erica

antwerpen, Belgium

K

kim

United States

P

Phips

Switzerland

roark22

Geneva, Switzerland

J

Jo

United States

Tom Eggert

Madison, United States

Sinan Taifour

Munich, Germany, Germany

SM

Sachet Marion

United States

EP

Emerald Pham

United States

JA

Joshua Axtell

United States

JZ

Julia Zaks

United States

BP

Bill Piper

United States

AL

Ada L

Boston, MA, USA, United States

PC

Peter Cordier

United States

MS

Mona S

United States

L

Lastoni

United States

D

Dalton

San Francisco, United States

Dean Suminski

Portland, Oregon, United States

A

Anonymous

United States

Colin Marks

London, United Kingdom

GS

Gary Sinard

Franklin, TN, United States

Kenny

San Diego, United States

TB

Tim Barrett

United States

M

Mack

Harbor, Oregon, United States

JU

jeremy upsal

United States

LD

Linda Dee

United States

AS

Amy Shearer

United Kingdom

A

Arian

Belgium

R

RMIM

United States

Mike

Indianapolis, United States

WC

Walter Clarke

Phoenix, United States

Paul Buchheit

Mountain View, United States

P

Pedro

Portugal

Bryce Bow

Bloomington, In, United States

M

MounirCC

Antwerp, Belgium

A

Anonymous

United States

DM

Darin MacRae

United States

CN

Craig Newmark

United States

ER

Eric Rafoth

Czech Republic

C

Cassy

United States

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

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