Mobile-phone business expansion
Denes Mwamba
Mazabuka, Zambia
100% repaid
Entrepreneur
Name
Denes Mwamba
Member since
June 2016
On-time repayments
289 installments • 39%
About Me
I AM A YOUNG MAN BORN IN 1995 IN MAZABUKA, SOUTHERN P[ART OF ZAMBIA. I GREW UP UNDER DIFFICULT CONDITIONS .AS I STARTED MY GRADE ONE UP TO GRADE SEVEN AT KAUMBA PRIMARY SCHOOL. I AM TONGA BY TRIBE. I COMPLETED MY GRADE 12 AT ST. EDMUNDS IN MAZABUKA. AFTER COMPLETION I STARTED WORKING FOR MTN AS AN ARGENT. HOWEVER I ALSO STARTED MY OWN MOBILE BUSINESS THAT ENABLES ME SUPPORT MY FAMILY AS I AM FROM THE FAMILY OF SEVEN AND I AM THE THIRD BORN.
My Business
I STARTED MY MOBILE BUSINESS IN 2014. I AM ONE OF THE AGENTS FOR MTN OF WHICH GAVE ME AN ADVANTAGE OF EXPLORING AND DISCOVERING MY BUSINESS PROPERLY. I SUPPLY AIRTIME,SIMCARCDS AND PHONES IN BULK. I HAD TO CHOOSE THIS TYPE OF BUSINESS BECAUSE OF THE HIGH DEMAND FROM THE CUSTOMERS AND THIS IS SUPPORTED BY MANY AS PEOPLE USE THESE THINGS ON A DAILY BASIS. HOWEVER, THE PROFIT I MAKE HELPS ME TO SPONSOR MY YOUNG BROTHER FOR SCHOOL AND REINVEST IN BUSINESS. THE PROFIT WILL ALSO BE USED TO REPAY MY LOAN IF DISBURSED.
Loan Proposal
IF THIS LOAN LOAN IS DISBURSED, I WILL BUY PHONES WORTHY $ 100 USD, SIMCARDS WORTHY $30 USD AND AIRTIME WORTHY $50 USD. BY SO DOING I WILL BE ABLE TO COVER AND MANAGE TO SUPPLY MY CUSTOMERS WITH QUALITY PRODUCTS AND IN TIME. THIS WILL ALSO BOOST AND EXPAND MY BUSINESS. HOWEVER, THE PROFIT RAISED WILL BE USED TO SUPPORT MY FAMILY AND REPAY MY LOAN.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$200.00
Date disbursed
Jul 1, 2016
Repayment status
On Time
Projected term
6 months
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