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Mobile Phone

Increase inventory of mobile phones and accessories

J
EntrepreneurGiftLocationMazabuka, Zambia
Project status
100%funded
$184raised
21%paid forward

I am a Zambian young business man born in the year 1994 on April 23rd. My child hood has been full of different life experiences. However, I started my primary school education at Nakambala basic school. This School is located in southern part of Zambia in Mazabuka district. However, was at this school until after passing my grade nine examinations. From there thing became bad as my father became sick and died when I was in grade eleven. My family has been depending on business of selling fish hence my education ended as I was in grade eleven. Due to the love of education I decided to continue doing piece of works in teachers's houses at Kaonga Secondary school within Mazabuka until I passed and wrote my final examinations. I completed in 2014 and directly involved my self in business as I knew my mother could not find anything to support my education as my four young brothers are also struggling with education as well.

I run my business on the outskirts of Mazabuka town. However, I sell phone accessories both at my place of operation and in the field. My phone accessories business has been there to support those that cannot afford to buy expensive phones, chargers, flash discs and others from the big retail shops. However, the customers that support my business are many and therefore, I have been trying by all means in order to upgrade my capital but the number is growing from time to time. Therefore the way I make more profit is by ordering as many times as possible within a day of which by so doing I have to close and open from time to time when my products run out. The profit that I make is used to support my brothers education especially the one in grade twelve this year and also reinvest in my business.

I will buy Phones, chargers, head phones, flash discs, and an umbrella where to operate from all worthy $130 USD. The remaining amount will be left in the account to be repaying as I am making enough profit. The benefits of this loan are a lot in the sense that my business will be able to accommodate my customer's needs at once. The profit will be high as I shall not close through out the day to bring other accessories as earlier. I shall be able to reinvest in my business, repay my loan in installments, and also support my business without problems.