Reagan
Mufulira, Zambia
100% repaid
Name
Reagan
Member since
September 2020
On-time repayments
23 installments • 65%
Hello my name is Reagan mwenya i grew up chinsali district of zambia. I went to school and finished. I did small training in electronics because my uncle i grew up with had an electronic shop so i like working with my hands repairing small gagdets. The only hardship is faced is lack of job so i decided to overcome this challenge by starting my own business, i repair phones and i sell phones. The culture is good people are peacefull. Not yet married . my hobby is playing music.
I offer service of repairing phones and tablets a skill i learnt from my uncle and in my training. The repair of phones is good business. people sometimes buy phones and when they are damaged nowhere to go for spares. I also sell phones, sometimes i buy damaged phones repair then resell. Technology is changing everyday here so this business is on demand. I spend when i am importing phones from china on shipping charges. when i make profit i pay rent and buy food.
This is to thank all lenders the help you gave me in my previous loan. This loan which am applying for is K1,781.00 I want to buy orders refurbished phones for sale on my stand. I am very good at repairing cellular phones and tablets and am also able to buy old phones i refurbish them and then resale. With this covid19 where kids have to learn online at home there has been increase in demand for mobile phones and tablets and so my service is also needed to repair them. Am very positive that my business profit will increase and I will attract more customers profit will increase. Once I make more profit I intend to reinvest in my business and pay for the loan on time
With economic crisis people still need to communicate and as such demand for phones and tablets is still there. One way am using to make extra money is also by teaching school children who are learning at home due to covid19. Even if children learn how to use computers in schools they are not familiar in how to use internet so I have been teaching a few children so that’s my other source of income. So even when economy is bad I can still make some money so that I repay my loan. I Apart from offering repair service on phones for my clients I also buy old phones refurbish them then sell at good profit so I have option to repay.
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Project Type
Classic Loan
Disbursed amount
$96.00
Date disbursed
Nov 19, 2020
Repayment status
On Time
Projected term
4 weeks
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