Equipment for repairing cars
Kalolo
Mpika, Zambia
$0 to go
100% funded of $49 goal
0
days left
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
To all my lenders, I will forever be grateful for all your support you have rendered to my business financially, my life is never been the same again I still need your assistance to raise a new loan of $48 the loan will help me buy engine oil seals costing $51 i will able to add $3 to meet the difference, my client is willing to pay $37 full payment after i service his car with new oil seals, I project my business to grow by another 20% I thank you in advance and I look forward to a favorable response. God bless you.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$49.00
Date disbursed
Dec 6, 2018
Repayment status
Late
Projected term
1 week
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Lenders
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Margaret Apr 13, 2019
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