Solar energy kiosks

Ketty Shamakamba

Siavonga, Zambia

100% repaid

Entrepreneur

Name

Ketty Shamakamba

Location

Siavonga, Zambia

On-time repayments

56 weekly installments  •  93%

About Me

Hello. My name is Ketty Shamakamba, I live in the Zambian resort town of Siavonga together with my husband and our four children.

I was born in 1989 in Ndola, a mining town in Zambia's Copperbelt Province. I love and adore my family and it is because of them that I established my business.

I hope to succeed in my chosen venture and to create sustainable employment to the youths of our country and I am grateful to the Zidisha community for giving me this opportunity to expand and grow my business.

My Business

I am the Founder and CEO of Cash Mobile Banking Solutions. The company has developed portable Energy Kiosks that provide services, such as solar products, portable battery kits and mobile money services, to people living in off grid areas of the country.

Energy Kiosks, also known as "community charging stations" are a mode of off grid services provision that use solar energy. Unlike microgrids which use a wired connections to serve their customers, Energy Kiosks act as a "walk up" retail model. For a fee, customers can recharge their mobile phones and other portable electronic devices. People can use mobile money services and also buy or rent solar products.

Cash Mobile Banking Solutions has placed several Energy Kiosks in off grid areas that are close to large multinational companies operating in rural areas. Our customers range from employees of the multinational companies, business owners, fishermen and ordinary people. Other than providing mobile money services, we also distribute solar products provided by ANGAZA and d.light.

Cash Mobile Banking Solutions plans to expand the Energy Kiosks to all districts of the country. After all the vast majority of Zambian people live in off grid areas.

Loan Proposal

Recently I relocated one of our energy kiosks from a road that was not busy to a busy street and sales went up by 5%!

I hope to use the loan to buy mobile units for this kiosk in the hope of increasing sales since many of people who pass-by are workers from one of the largest factories in the district. These workers require mobile units, as well as phone charging services. And we there to serve them!

Income Source

The places where our kiosks are located have not suffered too much from the recent lockdown due to the COVID-19 pandemic. Business is still on going and factories are open. People are still busy with their regular lives and our business is booming.

We have not taken the newly announced easing of lockdown restrictions by the Health Authorities for granted and we are observing social distancing, wearing masks, using hand sanitizers and washing hands.

My Videos

Feb 24, 2021: To expand my mobile money network

Feedback

4

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  • [email protected]    Apr 20, 2021

    In the name of Jesus Christ, God Bless.

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  • Liz    Feb 25, 2021

    Great project with timely repayments

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  • Ray    Feb 23, 2021

    Excellent repayment - well done

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  • David    May 27, 2020

    Loan was scheduled to be paid off in one week and the payment arrived right on time. I am happy to help you build your credit as you work on your important business.

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Lenders

Paul Buchheit

Mountain View, United States

Loan Info

Disbursed amount

$500.07

Date disbursed

May 30, 2020

Repayment status

On Time

Projected term

5 weeks

Cost to entrepreneur

Service fee: 10% of $500.07 = $26.63

Credit risk payment: $21.28

Optional expediting fee: $26.63

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Payments Forward

Amount returned to the platform for this project

Pay It Forward Projects funded by Ketty

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Projects funded by Ketty's Pay It Forward recipients

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