Phones, airtime and plain papers for my multi services shop
Elvis
Mazabuka, Zambia
32% repaid
Entrepreneur
Name
Elvis
Member since
September 2016
On-time repayments
24 installments • 21%
About Me
I WAS BORN IN SOUTHERN PA RT OF ZAMBIA IN A DISTRICT CALLED MAZABUKA. I WAS BORN IN 1996. I FROM THE FAMILY OF SEVEN AND I AM THE THIRD BORN. MY PARENTS USED TO BE IN BUSINESS AND THATS HOW I WAS RAISED UP. THINGS BECAME BAD WHEN THY HAD AN ACCIDENT FROM THERE BUSINESS TRIP AND I WAS IN GRADE TEN AT HABUCE PRIVATE SECONDARY SCHOOL IN MAZABUKA. MY ELDER BROTHER COULD NOT MANAGE TO TAKE CARE OF ALL OF US BUT AT-LEAST FROM THE CLOTHING SHOP THAT OUR PARENTS LEFT US HE MANAGED TO HELP ME COMPLETE MY EDUCATION IN 2013. FROM THAT TIME HE HAS BEEN CONCENTRATED ON OUR YOUNG BROTHERS EDUCATION AS WELL. AS A RESULT I ALSO BECAME AN MTN ARGENT IN ORDER TO ENHANCE THE KNOWLEDGE OF BUSINESS. IN 2014 I DECIDED TO START MY OWN BUSINESS IN ORDER TO HELP MY FAMILY AS WELL. UP TO NOW I AM A BUSINESS MAN.
My Business
I STARTED MY BUSINESS IN 2014. THE GOODS AND SERVICES I PROVIDE INCLUDE PHOTOCOPYING, SELLING AIRTIME IN BULK, MTN MOBILE MONEY, AND ALSO SELLING PHONES. THESE GOODS AND SERVICES ARE ON DEMAND IN THE SENCE THAT THEY ARE THE DAIRY BUSINESS PRODUCTS AND SERVICES IN MY TOWN. HOWEVER, I HAD TO CHOOSE THIS TYPE OF BUSINESS BECAUSE I WANTED THE BUSINESS THAT PRODUCES PROFIT QUICKLY AND WITHOUT FACING LOSES AS I DEAL WITH NON PERISHABLE GOODS. THE PROFIT THAT I MAKE IS USUALLY USED TO SUPPORT MY FAMILY AND ALSO SECURE MY BUSINESS.
Loan Proposal
IF THIS LOAN IS DISBURSED TO ME, I WOULD LIKE TO BUY PHONES WORTHY $70, PLAIN PAPERS FOR PHOTOCOPYING $ 30 USD AND THE REMAINING AMOUNT WILL BE USED TO ORDER SOME MORE AIRTIME FOR MY SHOP. THE BENEFIT THAT WILL BE MADE FOR THIS BUSINESS WILL BE HIGH AS I WILL BE ABLE TO BE SELLING AND PROVIDING SERVISES WITHOUT PROBLEMS AS A RESULT THE PROFIT WILL BE HIGH AND I WILL BE ABLE TO SUPPORT MY FAMILY, INVEST IN MY BUSINESS AND ALSO REPAY MY LOAN ACCORDING TO THE CONDITIONS GIVEN.
Feedback
Positive
None
Neutral
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Negative
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Loan Info
Project Type
Classic Loan
Disbursed amount
$184.00
Date disbursed
Sep 19, 2016
Repayment status
Late
Projected term
6 months
Lenders
Fontvielle, Monaco, Yemen
United States
United States
United States
United States
United States
United States
United States
Jake Gibson and Beverly Picardo
San Francisco, United States
Summary
Amount repaid
$58.96
Amount remaining
$125.13
Expected completion
Mar 12, 2017
Status
Repaying late
Installment amount
$7.73
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Oct 2, 2016 | $7.73 | Sep 25, 2016 | $5.15 |
| Oct 3, 2016 | $2.58 | ||
| Oct 9, 2016 | $7.73 | Oct 3, 2016 | $2.58 |
| Oct 9, 2016 | $5.15 | ||
| Oct 16, 2016 | $7.73 | Oct 16, 2016 | $5.15 |
| Oct 23, 2016 | $2.58 | ||
| Oct 23, 2016 | $7.73 | Oct 23, 2016 | $2.58 |
| Oct 31, 2016 | $5.15 | ||
| Oct 30, 2016 | $7.73 | Nov 6, 2016 | $5.15 |
| Nov 20, 2016 | $2.58 | ||
| Nov 6, 2016 | $7.73 | Nov 20, 2016 | $2.58 |
| Dec 9, 2016 | $0.52 | ||
| Dec 11, 2016 | $4.64 | ||
| Nov 13, 2016 | $7.73 | Dec 11, 2016 | $0.52 |
| Dec 26, 2016 | $5.15 | ||
| Feb 14, 2017 | $2.06 | ||
| Nov 20, 2016 | $7.73 | Feb 14, 2017 | $1.03 |
| Feb 14, 2017 | $3.81 | ||
| Nov 27, 2016 | $7.73 | ||
| Dec 4, 2016 | $7.73 | ||
| Dec 11, 2016 | $7.73 | ||
| Dec 18, 2016 | $7.73 | ||
| Dec 25, 2016 | $7.73 | ||
| Jan 1, 2017 | $7.73 | ||
| Jan 8, 2017 | $7.73 | ||
| Jan 15, 2017 | $7.73 | ||
| Jan 22, 2017 | $7.73 | ||
| Jan 29, 2017 | $7.73 | ||
| Feb 5, 2017 | $7.73 | ||
| Feb 12, 2017 | $7.73 | ||
| Feb 19, 2017 | $7.73 | ||
| Feb 26, 2017 | $7.73 | ||
| Mar 5, 2017 | $7.73 | ||
| Mar 12, 2017 | $6.29 | ||
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