Stationary

Nathan

Chingola, Zambia

100% repaid

Entrepreneur

Name

Nathan

Member since

June 2017

On-time repayments

48 installments  •  71%

About Me

Nathan Chola is my name,I am a third born in a family of 10 and completed my secondary education in 2005 at samfya high school.
I overcame hardship when my job as a contractor employee was terminated in a mining company. I never had any other means or ways to earn my living,I had no money to pay rentals for the house and had no money to put food on the table that is how I came up with an idea of starting a stationary business and it came to reality when I started with a very little capital.
I started my business when my job got terminated and one unique thing about my culture is that the population is good for business and the land is a mining land for copper. playing volleyball and reading novels are my hobbies.

My Business

The services i provide is photocopying, printing, typing lamination and binding in a stationary also I do sale books,ball pens and pencils for the school going children and also students doing their tertiary education.
These services are useful in such a way that we have school going children who need books,ball Bens, pencils rubbers and also to print,laminate and photocopy their books. Not only the school going children but also the students doing tertiary education are the most vulnerable to this services. I chose this kind of business because it is in demand and few people own their computers and printers Also its not competitive hence I stand a good chance of having customers at any time
The typical costs which I have is transport to and from home also paying rentals for the shop were I do the business.I use the profit to pay shop rentals,transport and to reinvest in my business so that my services do not come down.

Loan Proposal

the loan will be used to buy the photocopier machine and printers at the cost of $50.this will befit me by expanding my business and people will have access to this services at the door step to avoid long distances.

Feedback

None

None

None

Loan Info

Project Type

Classic Loan

Disbursed amount

$64.00

Date disbursed

Jul 29, 2017

Repayment status

On Time

Projected term

7 weeks

Lenders

The Zinc Team

San Francisco, United States

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  • Nathan    Aug 6, 2018

    To my lenders sorry for the past due repayments that are not played on time I am working around the clock to see that I repay back the loan without fail.The biggest reason is that we are experiencing load shedding which is scheduled 6 to 6 especially in the working days.

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  • Kingford    Jul 28, 2018

    Dear Lenders,
    I have just from talking to Nathan Chola, he has promised that he will make a repayment next week.He had some challenges with his business coupled with family issues.He lost a family member last week.
    Best regards,
    Kingford.

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  • Nathan    Jul 9, 2018

    To my lenders, it is true that Kingford spoke to me about my loan repayment, I am working around the clock to see to it that I repay the loan on time. It's just that we are experiencing loadshedding in our area and it is well known that the business i do can not be done so well without electricity.

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  • Kingford    Jul 8, 2018

    Hi Lenders,
    I spoke to Nathan Chola at length and he is so focused that he will repay the loan on time.
    Best regards,
    Kingford.

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  • Nathan    Jun 29, 2018

    My lenders, electricity power here has become a very big challenge we are experiencing load shedding for the past three days and my business is very much affected, after I finish repaying back this loan I am planning to change the business which will not require much of electricity like grocery business. This has put me on pressure as I have to prepare school fees for my younger brother and also repay back the loan,and with this small business I am the only bread winner in a family of ten I also want to go to school and do tertiary education.so my plans are being affected.

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  • Nathan    Jun 21, 2018

    I have started repaying the loan.Thank you my lenders for your support.

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  • Nathan    Jun 11, 2018

    The amount received was 3,040 ZMW. This loan will be used to buy the computer,carriage ink,plain papers, books,pens and pencils. I thank you my lenders for your continued support.

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  • Nathan    Jun 9, 2018

    Thank you my lenders the loan was fully funded awaiting disbursement though it has taken a week now without being disbursed.

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  • Nathan    Jun 2, 2018

    The loan will be used to buy the computer,cartilage ink,plain papers,pens, pencils and books.This loan will help me grow the business, increase income and profit to sustain my livelihood.I thank you my lenders for your tireless support.

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  • Nathan    May 31, 2018

    Thank you Elly and I am so grateful for your continued support.

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  • Elly    May 30, 2018

    Hi Nathan,
    You are such an inspiration for all that you have accomplished! Not only have you overcome hardship, you have also made a success of your own business, you support your brother, are a mentor to others and loyally keep us informed about your accomplishments and the status of your loan. A huge "Well done" to you! :-)
    Congratulate your brother too on his achievements.
    Wishing you and your family the very best for your continued success and happiness. :-)
    Elly

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  • Nathan    May 30, 2018

    The loan i git previously was used to buy a cartrage,books,plain papers,pencils,ball pens and a printer.these purchase made a difference in a way that i had many items in stock that when the customers come nothing was missing,the income had gone up as well as the profit.And to the printer i had,the services were running through out.It was a business investment and the earning have increased by 10% from 15% to 25% .The increased earning was used to pay rentals and pay for school fees for my younger brother who had passed to go to grade ten (10) surely if not for this earning i would have been troubled much.The news of achievement is that my younger brother made it to grade ten.The neighborhood is peaceful and loving.

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  • Nathan    May 24, 2018

    To my lenders, like I promised to work and make the payments on time,that's what I have done.I was delayed a bit because of the electricity power shortage we had in our city, I was in pressure to pay shop rentals and also to repay the loan. But I have worked so very hard and I am sure to finish pay back the loan on time.I thank you for your tireless support.

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  • Nathan    May 7, 2018

    My lenders I am prepared and I am going to get back on track soon.

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  • Nathan    Apr 16, 2018

    My lenders, we have no power in our area for the past three weeks so I have not been working but I will resume work soon the transformer is being worked on.

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  • Nathan    Mar 31, 2018

    My business is doing just alright the only challenge is that the business for mobile money agents to do the deposits is very low such that we are not making the deppsits on time so that we continue making loan payments on time.

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  • Nathan    Mar 13, 2018

    I am repaying the loan on time. thank you for your support..

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  • Nathan    Mar 1, 2018

    to my lenders,i am so grateful that my business is going just alright.The only challenge i have here is that most mobile money agents do not have floats for depositing money especially on weekends they most have have withdraws.that is the reason why i did not do the payments for the past weeks otherwise i am still in good track of making payments on time.

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  • Nathan    Jan 25, 2018

    My lenders,just wanted to let you know that I have started repaying the loan.

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  • Nathan    Jan 17, 2018

    3755 ZMW was the total amount I applied for and received 3568 ZMW after deductions.

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