Restocking home supplies business (electronics/kitchenware)

Robert Lungu

Kabwe, Zambia

13% repaid

Entrepreneur

Name

Robert Lungu

Location

Kabwe, Zambia

On-time repayments

217 weekly installments  •  65%

About Me

I was born in 1983 in Chipata compound. I completed my secondary school at chizongwe in eastern province of zambia, although it was not easy due to to luck of funds, but I manage since i had to understand that life has alot of experiences. I raised some money out of a short work opportunity i had and started selling smart phones, of which i have become too passionate because of latest technology that is always coming out. Well, the People in my community has too many different values and understanding in terms of our belief but most the people in our country are Christians. I have 2 kids and both of them always talk about being doctors, and that has made me try to work extra hard so that i can make their dreams come true. I have always liked going to church during my free.

My Business

I am offering best and house hold and electronic products and smart phones to the people especially internet users. Products ranges from Fridges,fans,kitchen ware and TVs . I have done a bit of training on electronics as well and i want to move with new technology in order to be fully updated. This business is doing fine as everyone this time around wants to have these products in their homes.I have also retained the phone and accessories business as my initial business although my focus is on this one. My Major costs are to do with transportation of the goods from Lusaka to my town and also I have hired someone to help me with sales and I pay them K1,000 per month.Last month i made about $ 400 as my profit, and i think i will do more than that if i have more stock and i use most of my turn over to pay school fees for my kids and also reinvesting into other businesses particularly the phone business.

Loan Proposal

With this loan if Approved i will invest k7000 into electronics,household items.I will also consider investing K2,000 in selling warm wear,and beddings because our winter starts from May to july.The est shall be invested into the phone and accessories business

Income Source

I will be able to earn because other than cash sales I also do credit sales and every month,I make collections.The other reason is that I have three streams of business namely
House hold goods
phone accessories
Warm wear and beddings

My Videos

Apr 8, 2021: Electronics and house hold items business

Feedback

None

None

None

Loan Info

Project Type

Classic Loan

Disbursed amount

$556.54

Date disbursed

Apr 17, 2021

Repayment status

Late

Projected term

4 months

Cost to entrepreneur

Service fee: 5% of $556.54 = $37.53

Credit risk payment: $150.13

Lenders

A

Anninymouse

Southampton, United Kingdom

C

CWS

Huntington beach, ca, United States

C

Canlender1

Nanaimo, Canada

Brian

Midhurst, Canada

J

johan

Oslo, Norway

torelizer

Reggio Emilia, Italy

davelowe100

Perryville, United States

S

Spassmacher

46244 Bottrop, Germany

bdm4a

San Fransisco, United States

AdamP

Sunnyvale, United States

AltruisticSelfishnes

Chicago, United States

C

cgrumboski

Atlanta, United States

Silver

Steiermark, Austria

S

soren

Göteborg, Sweden

ErikN

Stockholm, Sweden

LA

United States

F

FHult

Stockholm, Sweden

L

ldron7

Utah, United States

Martin

Manama, Bahrain

ZlataRoy

Cheltenham, United Kingdom

T

Tallago3

Munich, Germany

A

aliasadsj

Queens, NY, United States

T

ToddK

Indianapolis, IN, USA, United States

MakeSense

-, St. Kitts and Nevis

Kate4Good

Washington, United States

J

julie13

North Manchester, IN, United States

P

pmyadlowsky

Charlottesville, United States

A

AlexCheng

Seattle, United States

simonvikstrom

Drottningholm, Sweden

A

Annana

Kanata, Canada

F

florian

Mettmenstetten, Switzerland

dajawein

Gladstone, Australia

Pascal

Gent, Belgium

D

Divergent

Bethesda, United States

Erica

Caledon, Canada

G

glomardor

Leonardtown, United States

Cloudways

Malta, Malta

P

pillepalle

Osnabrück, Germany

S

SvenWaage

Stavanger, Norway

mtnsailor

Harrisonburg, United States

ads68

Melbourne, Australia

K

katykoo

New York, NY, United States

Ingela

Falun, Sweden

P

Peksa

Espoo, Finland

P

prashant

SUNNYVALE, United States

joaoferraz

RINCHOA, Portugal

H

Hobbit64

Milano, Italy

P

prehders

Hamburg, Germany

JTShorty

Gorham, Maine, United States

BF

Bob Fitzjohn

Fontvielle, Monaco, Yemen

ShaneS

Port Pirie, Australia

C

caz32

chertsey, United Kingdom

numbat

Perth, Australia

Zal0m0n

Atlantis!!!! x), Mauritania

A

AndrewC

London, United Kingdom

A

anagnan

BRUXELLES, Belgium

R

run426

DeBary, United States

tonnyschonewille

Maastricht, Netherlands

D

DelapierceD

New York, United States

ibc123

Seattle, United States

xtrahardware

Cazenovia, United States

D

dcheung

San Francisco, United States

A

ADISI

Bern, Switzerland

NedRyerson

Munroe Falls, United States

MrMichigander

Marquette, United States

mikeice

Kohler, United States

S

SanderBeckers

Brussel, Belgium

sderickson

Berkeley, CA, United States

M

Malibu

Westwood, United States

Arjan Geven

Vienna, Austria

K

Kramer91

Kamerik, Netherlands

D

drorm

United States

K

Kudrnova

Czech Republic

M

moodystreet1

United States

Gringotts

United States

R

rossgarlick

United States

S

simonista

United States

M

merk85

United States

B

bugdaniel

Switzerland

B

BarbG

United States

trincowski

Vilar, Vila do Conde, Portugal

smastermind

Jerusalem, Israel

mepster

San Francisco, Ca, United States

johnhudson

Washington, DC, United States

A

angelapeat01

United States

B

bscent

Hong Kong

J

JonAlec

United States

Grant Xavier Storer

Seattle, Wa, United States

T

Tim47

United States

B

Bennphoto

United Kingdom

SV

sven vdk

Twickenham, United Kingdom

S

StefanB

Stockholm, Sweden

T

Tony1

Australia

Mike and Jacqui

United Kingdom

S

Stephan

Netherlands

JL

Joao Leal

United Kingdom

J

Jenny

United Kingdom

S

Sven

Netherlands

Jeroen Decock

Gent, Belgium

Dave Bogard

New York, United States

SMOICE

Berlin, Germany

JC

Jane Cohen

United States

MW

Matt Willis

United States

PT

Pattie Thomas

United States

PC

Patrick Clavette

Hartford, Wisconsin, United States

PP

Pasi Paajanen

Helsinki, Finland

MB

michael breen

United Kingdom

SA

Scott Astrada

United States

Kate Courteau

United States

SK

Stefan Kruell

Muenster, Germany

Craig

Memphis, TN, United States

Richard

Shrewsbury, United Kingdom

Tanner Schachtel

Victoria, Canada

Daniel Hammarberg

Gothenburg, Sweden

Kristin Rhodes

Kansas City, Kansas, United States

moursund

Beaver Nation, United States

Kevin

San Francisco, United States

JC

JD Conley

United States

I

Ian

United Kingdom

AF

Alysn Ford

United States

C

cota

United States

ME

Manaal Eisa

Washington DC, United States

TH

tom hd

United Kingdom

Framework Eyewear

Utrecht, Netherlands

M

Mart

United Kingdom

Danny Su

United States

AH

ajay hampapur

United States

Aran Dunlop

United States

MC

United States

OH

Orion H.

United States

MT

Marco Tietz

United States

Rory McLaughlin

Dallas, United States

GY

Gonul Yalcin

United States

Thomas

Sweden, Sweden

Gabriel Fenili

Santo André, Brazil

Anonymous

Ocoee, United States

K

Kristin

Washington, DC, United States

I

isaac

United Kingdom

RC

Rudi Chen

United States

NG

Nick Gorrell

Surfers Paradise, Queensland, Australia

SA

Steve A

Newbury, United Kingdom

SS

Steve Smith

Winchester, Ma, United States

Sinan Taifour

Munich, Germany, Germany

MC

Mark Cowburn

United States

KG

Kate Goodwin

United States

J

Jon

United States

L

Lucy

Australia

Seppo Ruohonen

Vantaa, Finland

MF

Mike Frawley

United States

JA

Joshua Axtell

United States

Katie

United States

Day Family

Melbourne, Australia

Vratik Krocik

Prague, Czech Republic

Grégoire

Zurich, Switzerland

RG

Ryan Gough

United States

HCPSPIRIT

Helsinki, Finland

hervey liu

United States

NH

Nancy Hull

United States

GS

Gary Sinard

Franklin, TN, United States

PZ

Phillip Zink

United States

R

RMIM

United States

Martha Fleury

Bethesda, MD, United States

Jane

Ontario, Canada

K

Katherine

United States

S

Sarah

Arlington, United States

A

Anonymous

United States

Theo

Zürich, Switzerland

Mai Phuong Nguyen

Nashville, United States

JM

Joseph Moore

United States

Maria

Germany

Nick Studenski

Minneapolis, United States

Remo

Switzerland

AG

Augusto Gesualdi

Berlin, Germany

K

Kit

Canada

JB

Jeffrey Blair

United States

RT

Ravi Taxali

Markham, Canada

R

Ru

New York, United States

E

emily

Australia

MN

Mike Newhof

Grand Rapids, MI, United States

S

Stephen

United States

H

HJ

Switzerland

Black and White Zebra

Vancouver, Canada

B

Bharat

Princeton, United States

Anya

Redmond, Washington, United States

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