Entrepreneur
Name
Kalolo
Member since
October 2018
On-time repayments
3 installments • 67%
About Me
Kalolo Kalondwa is my name, am 30 years old born and live in Mpika Muchinga province republic of Zambia since my childhood i went to chilonga primary school and progressed to high secondary school and i was enable to further my studies due to financial challenges so opted to join my brother who had a garage for repairing motor vehicles, within 1 year i was able to dismantle and assemble the engine of small vehicles i gained experience and skills that are useful to me, the skills and experience that i gained from my brother enabled me to find employment and make some savings after working for two years i was able to start my own garage
i spent most of the time with family more especially during the weekends and mostly we share ideas with the family
My Business
My business specialized in all Automotive spares, brand new auto parts, electrical and mechanical, I also offer services such as motor vehicle repairs and spray painting my business is on high demand from both the local and international customers my business location is strategically positioned
alot of people are importing cheap vehicles hence having problem of brooking down hence they buy and fit spare parts from my garage shop
The total cost of my business is USD8,000 with this kind of investment i will be earning about 45% profit per week
I normally use about 15% profit to reinvest in growing the business and the other balance i use for paying school children and transport
Loan Proposal
Many thanks to my lenders for helping me releasing my dream am specialized in motor vehicle mechanical and that is the only job and business am doing as at now, i hope to grow my business hence a need to apply for another loan and hoping to increase profit by 25% once i buy a tools box it will help me accelerate my work and i will reinvest my profit the price of tools box is ZMW 550.00 i will top up my servings to meet the price, I hope lenders will help me once again. Thank you
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Loan Info
Project Type
Classic Loan
Disbursed amount
$1.00
Date disbursed
Nov 12, 2018
Repayment status
On Time
Projected term
1 week
Other loans
Lenders
Franklin, TN, United States
Ask Kalolo a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.
Margaret Apr 13, 2019
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