Restocking home supplies business (electronics/kitchenware)
Robert
Kabwe, Zambia
13% repaid
Entrepreneur
Name
Robert
Member since
October 2016
On-time repayments
223 installments • 66%
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
Positive
None
Neutral
None
Negative
None
Loan Info
Project Type
Classic Loan
Disbursed amount
$556.00
Date disbursed
Apr 17, 2021
Repayment status
Late
Projected term
4 months
Other loans
Lenders
Southampton, United Kingdom
Nanaimo, Canada
46244 Bottrop, Germany
Atlanta, United States
Charlottesville, United States
Osnabrück, Germany
Germany
Fontvielle, Monaco, Yemen
New York, United States
Brussel, Belgium
United States
United States
United States
United States
United States
Muenster, Germany
United States
Washington DC, United States
United States
United States
United States
Australia
United States
Canada
United States
Winchester, Ma, United States
United States
United States
United States
United States
United States
Hong Kong
United States
Colombia
United States
United States
Germany
Berlin, Germany
Grand Rapids, MI, United States
Summary
Amount repaid
$69.19
Amount remaining
$473.20
Expected completion
Aug 25, 2021
Status
Repaying late
Installment amount
$14.72
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Apr 28, 2021 | $14.72 | Apr 29, 2021 | $14.15 |
| Apr 30, 2021 | $0.57 | ||
| May 5, 2021 | $14.72 | May 6, 2021 | $14.72 |
| May 12, 2021 | $14.72 | May 6, 2021 | $0.14 |
| May 24, 2021 | $14.57 | ||
| May 19, 2021 | $14.72 | May 24, 2021 | $1.46 |
| Jun 3, 2021 | $13.25 | ||
| May 26, 2021 | $14.72 | Jun 3, 2021 | $5.61 |
| Oct 10, 2021 | $4.72 | ||
| Jun 2, 2021 | $56.60 | ||
| Jun 9, 2021 | $56.60 | ||
| Jun 16, 2021 | $56.60 | ||
| Jun 23, 2021 | $56.60 | ||
| Jun 30, 2021 | $10.38 | ||
| Jul 7, 2021 | $10.38 | ||
| Jul 14, 2021 | $10.38 | ||
| Jul 21, 2021 | $10.38 | ||
| Jul 28, 2021 | $10.38 | ||
| Aug 4, 2021 | $56.60 | ||
| Aug 11, 2021 | $56.60 | ||
| Aug 18, 2021 | $56.60 | ||
| Aug 25, 2021 | $20.75 | ||
Ask Robert a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.