Radiator for my recently acquired second-hand taxi minibus
Mark
Lusaka, Zambia
19% repaid
Entrepreneur
Name
Mark
Member since
November 2016
On-time repayments
58 installments • 38%
About Me
Born in a family of 7, and being the first born, I started my primary education in 1982, at Hillside Primary School in an oversized uniform. Following the divorce of my parents when I was still a toddler, life become quite hard due to the fact that my mother was not in any form of employment. We used to eat two meals in a day, i.e. lunch and supper. It was considered to be a very lucky day whenever my mother could afford to provide us with breakfast. I vividly still remember very well when one day I knocked off from school on a very empty stomach, and there was totally nothing to eat at home, that I was compelled to go pick up some dumped half loaf of bread from the neighbor's dust bin. I ate without even minding the fear of contracting diseases from food that has been thrown away in the dust bin.
Notwithstanding, I did not lose focus on my academic endeavors. And so I managed to pass to go to grade 8 and completed my junior secondary education in 1990. To cut the long story short, I also managed to complete my secondary education at Hillcrest Technical Secondary School in 1993, and proceeded to Copperbelt University where I studied Land Economics.
During my time of growing up, I have always had a passion for doing business. I remember starting the business of ordering buns, sweets, biscuits and other grocery items early in the morning, and reselling them that day by the roadside in my community. The business was doing very fine such that I could finance some of the expenses at home, as well as buy myself some good secondhand clothes.
Upon completion of my tertiary education, I worked in formal employment for about four (4) years, and then resigned and got into full-time business. A decision which my mother was not very much amused with, because her line of thought was that a person can only make it in life when he/she is in formal employment. Notwithstanding, I had already made up my mind, and I believe in the decision that I had made of going full-time into business.
I started my business by doing some building maintenance work, painting and supply of building materials. At some point, I discovered that the business wasn't doing very fine, and so after doing background research, I switched to the supplying of medical and laboratory equipment and other hospital consumables, under my registered company called Hosp-Lab Investments Ltd. The business has actually continued, doing fine to the extent that I have even diversified into the transport industry of commuting passengers through a taxi minibus.
Well, talking about the uniqueness of the Zambian culture, it is a culture that is mainly characterized by friendliness and hospitality. A Zambian culture is one that makes every person irrespective of race, religion and tribe feel most welcome. Moreover, Zambia is an attractive investment destination because of the peaceful environment that it provides. The government has also labored to create a conducive business environment by ensuring that taxes paid are not prohibitive, registration of companies is not cumbersome, etc.
My children are a set of three (3) boys and one girl. The first born boy child has done a transport and logistics management course, the second born wants to do medicine, the third born (girl) says that she wants to become a lawyer and last born is in baby class.
My most unique hobby is playing chess and reading business literature.
My Business
Currently I am running my own company called Hosp-Lab Investments Ltd. It is a company registered in Zambia, under the Companies Act. Hosp-Lab is a modestly-sized company whose line of business is mainly the supply of medical & laboratory equipment and other hospital consumables.
The medical and laboratory consumables are very useful in the sense that these are the tools used in hospitals for curing diseases. I chose this kind of business because it's profitable, and also I wanted to become a partner in providing health services to the needy persons.
Typical costs are in form of rent, salaries, electricity, internet and transport. And the revenue comes in the form of sales of the medical and laboratory products.
In addition, I also run a transport business which is registered under Melvax General Dealers. I have a Hiace Minibus which works as a taxi minibus.
The transport services are a daily requirement for people that are commuting from one point to another. Therefore, a taxi minibus generates income on a daily basis for as long as it's in perfect condition and it's running on the road. This was the main reason I had to choose this line of business.
Loan Proposal
I need to buy Radiator for my Taxi so that it is road worth my Taxi business and as i will be using two Taxis in order to increase my sources of income. I will benefit from it and be able to clear all my children school and my entire family will benefit. I will manage to buy the Radiator at $190 because it will also be second hand. And i will be raising about $400 every month on each Taxi.
About Me
Born in the family of 7, and being the first born, I started my primary education in 1982, at Hillside Primary School in an oversized uniform. Following the divorce of my parents when I was still a toddler, life become quite hard due to the fact that my mother was not in any form of employment. We used to eat two meals in a day, i.e lunch and supper. It was however, considered to be very lucky a day whenever my mother could afford to provide us with breakfast. I vividly still remember very well when one day I knocked off from school on a very empty stomach, and there was totally nothing to eat at home, that I was compelled to go pick up some dumped half loaf of bread from the neighbor's dust bin. I ate without even minding the fear of contracting diseases from food that has been thrown away in the dust bin.
Notwithstanding, I did not lose focus on my academic endeavors. And so I managed to pass to go to grade 8 and completed my junior secondary in 1990. To cut the long story short, I also managed to complete my secondary education at Hillcrest Technical Secondary School in 1993, and proceeded to Copperbelt University where I studied Land Economics.
During my time of growing up, I have always had the passion for doing business. I remember starting the business of ordering buns, sweets, biscuits and other grocery items early in the morning, and reselling them that by the roadside in my community. The business was doing very fine such that I could finance some of the expenses at home, as well as buy myself some good secondhand clothes.
Upon completion of my tertiary education, I did worked in formal employment for about four (4) years, and then resigned and got into full-time business. A decision which my mother was not very much amused with, because her line of thought was that a person can only make it in life when he/she is in formal employment. Notwithstanding, I had already made up my mind, and I believe in the decision that I had made of going full-time into business.
I started my business by doing some building maintenance works, painting and supply of building materials. At some point, I discovered that the business wasn't doing very fine, and so after doing a background research, I switched to the supplying of medical and laboratory equipment and other hospital consumables, under my registered company called Hosp-Lab Investments Ltd. The business has actually continued doing fine to the extent that I have even diversified into the transport industry of commuting passengers, through a taxi minibus.
Well, talking about the uniqueness of the Zambian culture, it is a culture that is mainly characterized by friendliness and hospitality. A Zambian culture is one that makes every person irrespective of race, religion and tribe feel most welcome. Moreover, Zambia is an attractive investment destination because of the peaceful environment that it provides. The government has also labored to create a conducive business environment by ensuring that taxes paid are none prohibitive, registration of companies is not cumbersome, etc.
My children are a set of three (3) boys and one girl. The first born boy child has done a Transport and logistics Management course, the second born wants to do medicine, the third born (girl) says that she wants to become a lawyer and last born is in baby class.
My most unique hobby is playing chess and reading business literature.
My Business
Currently am running my own company called Hosp-Lab Investments Ltd. It is a company registered in Zambia, under the Companies Act. Hosp-Lab is a modestly size company whose line of business is mainly supply of medical & laboratory equipment and other hospital consumables.
The medical and laboratory consumables are very useful in the sense that these are the tools used in hospitals for curing diseases. I chose this this kind of business because its profitable and also I wanted to become a partner in providing health services to the needy persons.
Typical costs are in form of rent, salaries, electricity, internet and transport. And the revenue comes in the form of sales of the medical and laboratory products.
In addition, I also run a transport business which is registered under Melvax General Dealers. I have a Hiace Minibus which works as a taxi minibus.
The transport services are a daily requirement for people that are commuting from one point to another. Therefore, a taxi minibus generates income on a daily basis for as long as it's in perfect condition and its running on the road. This was the main reason I had to choose this line of business.
Loan Proposal
I need to buy Radiator for my Taxi so that it is road worth my Taxi business and as i will be using two Taxis in order to increase my sources of income. I will benefit from it and be able to clear all my children school and my entire family will benefit. I will manage to buy the Radiator at $190 because it will also be second hand. And i will be raising about $400 every month on each Taxi.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$187.00
Date disbursed
Aug 24, 2017
Repayment status
Late
Projected term
7 months
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