Opening a mobile phone shop

Evans

Lusaka, Zambia

100% repaid

Entrepreneur

Name

Evans

Member since

December 2016

On-time repayments

59 installments  •  31%

About Me

My name is Evans Sichone i was born in 1992 in mazabuka general hospital and had to move to lusaka because my mom started work at zambia airways,i started school in 1998 at twinkle star primary school until i wrote my grade 7 and started grade 8 at libala basic school and in grade 9 i moved back to mazabuka because i had to go take care of my grandmother. I then continued my grade 9 at habuce private school and completed my grade 12 in the year 2010,after school my grandmother past on and mother stopped working cause the company was closed then i had to man-up and find something to get us going that is how i started a phone,laptop business. The people in my city are out-spoken and too social and they try by all means to support even though our country is going through hardship. I have no children but i would love my children to be raised in an academically manner even though something were to happen to me i would live them independent and they would know what they want to achieve in life,i love reading cause it helps me understand the world.

My Business

My business can simply be described as a general trader and what i mean by this is that it is not a one track minded business but rather a wide spread business,i mainly deal with electronic gadgets such as phones,laptops and accessories and these goods and services are in demand because they help people stay connected to the world and each other,it helps students research and if it was not for these goods and services i as a business man would have not known Zidisha Loans and i would lack communication with my clients,i chose this business cause its one of the fastest growing business in the world and its an everyday business its not seasonal if i have inventory worth 2000 zmw i make about 3500 zmw as per month,i mainly use my profits help out at home with groceries,help grow my business and i recently registered a company with PACRA(the patents and companies registration agency) that is the certificate am holding in the picture and i need help to my company grow so that am able to help others,my company needs inventory so that i can forge ahead.

Loan Proposal

As I told you the first time I got a loan am mostly in the field and it's high time I grow my company so I want to open up a shop with the money I get and the monthly rentals are like 60USD it will benefit me cause am going to pay for two months and I will employ one worker in a shop I will have a biased clientele and they will be happy buying from a shop and given a receipt and warranty my monthly profits will increase by 40% of what I make now

Feedback

1

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  • Margaret    Jun 14, 2017

    Evans paid off his loan as promised and was excellent at keeping us informed of his progress.

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Loan Info

Project Type

Classic Loan

Disbursed amount

$180.00

Date disbursed

Apr 11, 2017

Repayment status

On Time

Projected term

8 weeks

Lenders

MarktheMormon

Sandy, Utah, United States

Cloudways

Malta, Malta

BuckeyeBob

Ohio, United States

S

Sven

Netherlands

Anonymous

Ocoee, United States

The X2AI Team

San Francisco, United States

M

Margaret

United States

ADK

Saint Louis, United States

Kevin

United States

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