Additional capital for mobile money business
Francis
Lusaka,zambia, Zambia
16% repaid
Entrepreneur
Name
Francis
Member since
November 2017
On-time repayments
114 installments • 59%
About Me
My name is Francis Daka, based in Lusaka Zambia. My business model is mobile money which I have been running for the last eight years now. I have acute mobile money business understanding due to several years of business experience.
I have been an active Zidisha community member from 2015 to-date. Due to favourable loan terms and conditions for Zidisha, I commenced loan acquisition from this platform to-date.
Zidisha has greatly, helped me expand my business at a faster rate.
My Business
The Mobile Money business is operating well and it has starting picking up. The venue where the business undertaken is operating is now known. Hopefully, by the end of December 2019, I will open another mobile money booth.
Loan Proposal
This loan will be used to expand my capital base in the business. I have been using K5000 as my capital but I will be using K 7000 as my capital until I reach K10000 as float.
Income Source
This business has less risk factor because all banks in Zambia are encouraging customers to be using fund transfer in order to lessen contact with physical cash. This has made this business more lucrative than before.
Both Airtel and MTN has scrapped fees on any transfer to encourage citizens to use mobile platforms.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$368.00
Date disbursed
Mar 5, 2021
Repayment status
Late
Projected term
6 months
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