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Mobile Phone

Developing mobile phone business

John DoeJ
EntrepreneurBennyLocationLusaka, Zambia
Project status
100%funded
$24raised
Disbursedon January 9, 2025

My name is Benny Lombe and am first born from the family of 4 children. After completing my secondary school Luanshya Boys Secondary School. I moved to Lusaka where I live now and am located in Chilulu Garden Compound. While in Luanshya town in copper belt town where I grew up, I had a lot of challenges after completion of my grade 12, due to financial difficulties as father was a retiree and had no money to sponsor me to college. 2 years later, I moved to Lusaka the capital city of Zambia where I started working small small jobs to raise some money to start up my own business. After struggling for good 3 years, I did raise good income and started my own business. I ran a small shop in town where I sale phones and phone accessories. It is the business that is helping me and support my sibling, children and my old parents in Luanshya town.

Looking backwards to date, I have realized that working hard is the key to unlock financial challenges in life . My aim now is to work extra hard and educate my children . On free time I like playing football and watching movies.

I'm involved in the business of selling different types of latest mobile phones and the phones accessories and mobile money transactions. I'm lacking financial capital to boost my boost to raising good incomes so that my business could expand . I sell mobile smart phones, mobile money transaction of different networks, MTN, AIRTEL and ZAMTEL and phone repairing at my shop. Today mobile phones are highly sellable and the only mode of communication of the people in our community. Every one wants to have a smart phone for communication hence the smart phones sell very fast because school children, adults and business men and women use phones for their daily work and school, a phones today are highly on demand to the importance of its usage today being it at school level, office level and at business level it is very useful. The profits I raise out of this business I help my old parents by buying them food, family inputs and for their up keep. I also help my siblings pay for their school fees and reinvestment in my business. There I need more recapitalization so that I could order or buy more phones this January because there is high demand because of school opening this January 2025.

I need approximately K65,000.000 to buy more smart phones and the phone accessories.

Due to the current demand of mobile smart phones this January, there is need for me to buy more smart phones in the shop, going by the demand from school children in colleges and universities, it has drawn my attention to source for funds to build and develop the business by ensuring to stock up new smart mobile phones for the good of the customers to have a wider choose of selection according to their need and satisfaction. This will help me sell more of smart phones and expand the business.