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.
Feedback
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Neutral
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Negative
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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
Other loans
Lenders
Summary
Amount repaid
$210.02
Amount remaining
$0.00
Date repaid
Jan 7, 2017
Status
Fully repaid
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Jul 10, 2016 | $4.71 | Jul 8, 2016 | $4.71 |
| Jul 17, 2016 | $4.71 | Jul 15, 2016 | $4.71 |
| Jul 24, 2016 | $4.71 | Jul 22, 2016 | $4.71 |
| Jul 31, 2016 | $4.71 | Aug 2, 2016 | $4.71 |
| Aug 7, 2016 | $4.71 | Aug 2, 2016 | $4.71 |
| Aug 14, 2016 | $4.71 | Aug 12, 2016 | $4.71 |
| Aug 21, 2016 | $4.71 | Aug 12, 2016 | $4.71 |
| Aug 28, 2016 | $4.71 | Aug 29, 2016 | $4.71 |
| Sep 4, 2016 | $4.71 | Sep 5, 2016 | $4.71 |
| Sep 11, 2016 | $4.71 | Sep 11, 2016 | $4.71 |
| Sep 18, 2016 | $4.71 | Sep 18, 2016 | $4.71 |
| Sep 25, 2016 | $4.71 | Sep 26, 2016 | $4.71 |
| Oct 2, 2016 | $4.71 | Oct 3, 2016 | $4.71 |
| Oct 9, 2016 | $4.71 | Oct 10, 2016 | $4.71 |
| Oct 16, 2016 | $4.71 | Oct 18, 2016 | $4.71 |
| Oct 23, 2016 | $4.71 | Oct 22, 2016 | $4.71 |
| Oct 30, 2016 | $4.71 | Oct 31, 2016 | $4.71 |
| Nov 6, 2016 | $4.71 | Oct 31, 2016 | $4.71 |
| Nov 13, 2016 | $4.71 | Nov 16, 2016 | $4.71 |
| Nov 20, 2016 | $4.71 | Nov 16, 2016 | $4.71 |
| Nov 27, 2016 | $9.42 | Nov 29, 2016 | $9.42 |
| Dec 4, 2016 | $18.84 | Dec 6, 2016 | $18.84 |
| Dec 11, 2016 | $23.56 | Dec 13, 2016 | $23.56 |
| Dec 18, 2016 | $4.71 | Dec 27, 2016 | $4.71 |
| Dec 25, 2016 | $4.71 | Dec 27, 2016 | $4.71 |
| Jan 1, 2017 | $0.00 | ||
| Jan 8, 2017 | $54.55 | Jan 7, 2017 | $54.55 |
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