Online dropshipping store

Doctor

Chipata, Zambia

4% repaid

Entrepreneur

Name

Doctor

Member since

March 2016

On-time repayments

169 installments  •  21%

About Me

My name is Doctor Sakala, I am a male Zambian citizen,aged 41,married,with two children. I am a native, from Chipata district of the Eastern Province of Zambia. My old aged parents are Ganizani Sakala (father) and Tilabilenji Phiri (mother). I didn‘t finish high school due to financial constraint my parents were passing through,who could not afford my school fees as a result I stopped my education in the 12th grade. I acquired ICT training and experience through the Good Samaritans who offered employment, and now I am an enthusiastic and Professional Computer Analyst and Internet Expert who enjoys being part of, lead, as well as being led by successful and productive team leaders. I am quick to grasp new ideas, modern ICT technology and concepts. I am very quick to develop innovative and creative solutions to problems. I am able to work well even long hours, on my own initiative and with minimal supervision, can demonstrate the high level of motivation required to meet the tightest deadlines to achieve objectives. Even under significant pressure, I possess a strong ability to perform effectively. I am self-motivated, humble and gentle, with high level of personal integrity, honesty and responsible. I am now looking forward to utilize my ICT and internet career to build on my extensive range of technical skills within a suitably challenging role. Having owned a printing and internet business, I am keen to achieve further professional development to suit fast moving modern technology, i.e. online Affiliate Marketing technology, the fast growing industry. I started using the computer/internet 20 years ago, and I have a high level of experience in this fast growing technology. I have taught ICT and internet on personal arrangement to different students on different occasions with great results and I always hear appreciations from happy students.

My Business

My express plan is to venture into dropshipping business using Shopify.com, Oberlo.com, Aliexpress.com and facebook.com. I will build an online store using shopify.com and facebook.com for easy advertising.

BENEFIT OF DROPSHIPPING:

Less Capital Is Required – Probably the biggest advantage to dropshipping is that it's possible to launch an ecommerce store without having to invest thousands of dollars in inventory up front. Traditionally, retailers have had to tie up huge amounts of capital purchasing inventory.

With the dropshipping model, you don't have to purchase a product unless you already made the sale and have been paid by the customer. Without major up-front inventory investments, it's possible to start a successful dropshipping business with very little money.

Easy to Get Started – Running an ecommerce business is much easier when you don't have to deal with physical products. With dropshipping, you don't have to worry about:

- Managing or paying for a warehouse
- Packing and shipping your orders
- Tracking inventory for accounting reasons
- Handling returns and inbound shipments
- Continually ordering products and managing stock level

Low Overhead – Because you don't have to deal with purchasing inventory or managing a warehouse, your overhead expenses are quite low. In fact, many successful dropshipping businesses are run from a home office with a laptop for less than $200 per month. As you grow, these expenses will likely increase but will still be low compared to those of traditional brick-and-mortar businesses.

Flexible Location – A dropshipping business can be run from just about anywhere with an internet connection. As long as you can communicate with suppliers and customers easily, you can run and manage your business.

Wide Selection of Products – Because you don't have to pre-purchase the items you sell, you can offer an array of products to your potential customers. If suppliers stock an item, you can list if for sale on your website at no additional cost.

Easy to Scale – With a traditional business, if you receive three times as much business you'll usually need to do three times as much work. By leveraging dropshipping suppliers, most of the work to process additional orders will be borne by the suppliers, allowing you to expand with fewer growing pains and less incremental work. Sales growth will always bring additional work – especially related to customer service – but business that utilize dropshipping scale particularly well relative to traditional ecommerce businesses.

All these benefits make dropshipping a very attractive model to both beginning and established merchants.

I will use the profit from this business to take my children to school and boost and expand my online business.

Loan Proposal

I will use the loan money to buy the following things:

1. Shopify.com software @ $10 per month for three months = $30

2. Oberlo.com software (starter plan) @ $4.90 per month for three months = $14.70.

3. Advertising cost on facebook.com @ $180 per month for three months = $540.

4. Internet rooter and bundles @ $110.

Total = $694.70

Feedback

None

None

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Loan Info

Project Type

Classic Loan

Disbursed amount

$750.00

Date disbursed

Dec 1, 2016

Repayment status

Late

Projected term

55 months

Other loans

Lenders

PG

Paul Graham

United States

N

Nick

United States

Craig Newmark

United States

The Zinc Team

San Francisco, United States

A

Anonymous

United States

A

Anonymous

United States

Paul Buchheit

Mountain View, United States

A

Anonymous

United States

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Summary

Amount repaid

$31.89

Amount remaining

$755.63

Expected completion

Aug 17, 2019

Status

Repaying late

Installment amount

$30.29

Repayment History

Expected Payments Actual Payments
Dec 10, 2016 $7.97 Dec 10, 2016 $7.97
Dec 17, 2016 $2.66 Dec 17, 2016 $2.66
Dec 24, 2016 $2.66 Dec 27, 2016 $2.66
Dec 31, 2016 $2.66 Jan 4, 2017 $2.66
Jan 7, 2017 $2.66 Jan 9, 2017 $2.66
Jan 14, 2017 $0.00
Jan 21, 2017 $0.00
Jan 28, 2017 $1.59 Jan 17, 2017 $1.59
Feb 4, 2017 $1.59 Jan 17, 2017 $1.06
Feb 10, 2017 $0.53
Feb 11, 2017 $1.06 Feb 10, 2017 $1.06
Feb 18, 2017 $0.00
Feb 25, 2017 $0.74 Mar 22, 2017 $0.74
Mar 4, 2017 $0.74 Mar 22, 2017 $0.74
Mar 11, 2017 $0.74 Mar 22, 2017 $0.74
Mar 18, 2017 $0.74 Mar 22, 2017 $0.74
Mar 25, 2017 $0.74 Mar 22, 2017 $0.74
Apr 1, 2017 $0.74 Jan 31, 2019 $0.74
Apr 8, 2017 $0.74 Jan 31, 2019 $0.74
Apr 15, 2017 $0.74 Jan 31, 2019 $0.11
Feb 25, 2019 $0.64
Apr 22, 2017 $0.74 Feb 25, 2019 $0.74
Apr 29, 2017 $0.74 Feb 25, 2019 $0.74
May 6, 2017 $0.74 Feb 25, 2019 $0.74
May 13, 2017 $0.74 Feb 25, 2019 $0.74
May 20, 2017 $0.11 Feb 25, 2019 $0.11
May 27, 2017 $0.00
Jun 3, 2017 $0.00
Jun 10, 2017 $0.00
Jun 17, 2017 $0.00
Jun 24, 2017 $0.00
Jul 1, 2017 $0.00
Jul 8, 2017 $0.00
Jul 15, 2017 $0.00
Jul 22, 2017 $0.00
Jul 29, 2017 $0.00
Aug 5, 2017 $0.00
Aug 12, 2017 $0.00
Aug 19, 2017 $0.00
Aug 26, 2017 $0.00
Sep 2, 2017 $0.00
Sep 9, 2017 $0.00
Sep 16, 2017 $0.00
Sep 23, 2017 $0.00
Sep 30, 2017 $0.00
Oct 7, 2017 $0.00
Oct 14, 2017 $0.00
Oct 21, 2017 $0.00
Oct 28, 2017 $0.00
Nov 4, 2017 $0.00
Nov 11, 2017 $0.00
Nov 18, 2017 $0.00
Nov 25, 2017 $0.00
Dec 2, 2017 $0.00
Dec 9, 2017 $0.00
Dec 16, 2017 $0.00
Dec 23, 2017 $0.00
Dec 30, 2017 $0.00
Jan 6, 2018 $0.00
Jan 13, 2018 $0.00
Jan 20, 2018 $0.00
Jan 27, 2018 $0.00
Feb 3, 2018 $0.00
Feb 10, 2018 $0.00
Feb 17, 2018 $0.00
Feb 24, 2018 $0.00
Mar 3, 2018 $0.00
Mar 10, 2018 $0.00
Mar 17, 2018 $0.00
Mar 24, 2018 $0.00
Mar 31, 2018 $0.00
Apr 7, 2018 $0.00
Apr 14, 2018 $0.00
Apr 21, 2018 $0.00
Apr 28, 2018 $0.00
May 5, 2018 $0.00
May 12, 2018 $0.00
May 19, 2018 $0.00
May 26, 2018 $0.00
Jun 2, 2018 $0.00
Jun 9, 2018 $0.00
Jun 16, 2018 $0.00
Jun 23, 2018 $0.00
Jun 30, 2018 $0.00
Jul 7, 2018 $0.00
Jul 14, 2018 $0.00
Jul 21, 2018 $0.00
Jul 28, 2018 $0.00
Aug 4, 2018 $0.00
Aug 11, 2018 $0.00
Aug 18, 2018 $0.00
Aug 25, 2018 $0.00
Sep 1, 2018 $0.00
Sep 8, 2018 $0.00
Sep 15, 2018 $0.00
Sep 22, 2018 $0.00
Sep 29, 2018 $0.00
Oct 6, 2018 $0.00
Oct 13, 2018 $0.00
Oct 20, 2018 $0.00
Oct 27, 2018 $0.00
Nov 3, 2018 $0.00
Nov 10, 2018 $0.00
Nov 17, 2018 $0.00
Nov 24, 2018 $0.00
Dec 1, 2018 $0.00
Dec 8, 2018 $0.00
Dec 15, 2018 $0.00
Dec 22, 2018 $0.00
Dec 29, 2018 $0.00
Jan 5, 2019 $0.00
Jan 12, 2019 $0.00
Jan 19, 2019 $0.00
Jan 26, 2019 $0.00
Feb 2, 2019 $0.00
Feb 9, 2019 $0.00
Feb 16, 2019 $0.00
Feb 23, 2019 $0.00
Mar 2, 2019 $30.29
Mar 9, 2019 $30.29
Mar 16, 2019 $30.29
Mar 23, 2019 $30.29
Mar 30, 2019 $30.29
Apr 6, 2019 $30.29
Apr 13, 2019 $30.29
Apr 20, 2019 $30.29
Apr 27, 2019 $30.29
May 4, 2019 $30.29
May 11, 2019 $30.29
May 18, 2019 $30.29
May 25, 2019 $30.29
Jun 1, 2019 $30.29
Jun 8, 2019 $30.29
Jun 15, 2019 $30.29
Jun 22, 2019 $30.29
Jun 29, 2019 $30.29
Jul 6, 2019 $30.29
Jul 13, 2019 $30.29
Jul 20, 2019 $30.29
Jul 27, 2019 $30.29
Aug 3, 2019 $30.29
Aug 10, 2019 $30.29
Aug 17, 2019 $28.59

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