56 weekly installments • 93%
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.
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.
I plan to use the loan to purchase materials like solar panels and mobile phones for use to construct two mobile money booths.
The mobile money booths will be located in areas where the community is off the national grid.
This is to ensure that rural communities are able to access mobile money services, such as sending and receiving money, as well as saving money for future use.
My business makes money on a daily basis and so raising the money needed to repay my loan is not a big challenge.
I will use the profits from my business to repay my weekly installments.
Feb 24, 2021: To expand my mobile money network
Mar 8, 2021
Cost to entrepreneur
Service fee: 5% of $3,631.21 = $140.61
Credit risk payment: $140.61
Optional expediting fee: $281.26
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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