Capital for new beauty-salon business

Stella D

Lusaka, Zambia

56% repaid

Entrepreneur

Name

Stella D

Member since

June 2019

On-time repayments

84 installments  •  40%

About Me

My name is Stella D Phiri. I was introduced to Zidisha community by a family friend namely Mr. Francis Daka. I conduct my business in Lusaka, the Capital City of Zambia. Since I joined Zidisha community, my business has really picked up such that planning to diversify and have another business running as well. Additionally, I started a saloon business because Corona virus wave two has a negative impact on all businesses in our country.
I thought of diversifying my business to saloon enterprise because it doesn't alot of people gathering at a goal. This business has so proven good because during weekends, I attend to more than 6 ladies per day

My Business

Currently, am running a restaurant business which is situated at adjacent to University breaching hospital. My restaurant provides food to mostly bed siders who have patients in the hospital. It also provides food to civil Servants as well working for University Teaching Hospital.
This business has also provided capital to my vegetable and fruit business.

Loan Proposal

This loan will be used as capital for my new saloon business. I have liked this business because it has less expenses compared to restaurant business. The benefit of this loan is that it will help me grow business faster. I will further help me pay the school fees for my children with ease. I usully mke between zmw 2500 to zmw 3000 per week

Income Source

I have seen that saloon business has less ricks of corona virus compared to restaurant because people enter my shop one at a time.

Feedback

2

None

None

  • David    Sep 16, 2020

    Loan was originally scheduled to take two months. Some payments were made during a shutdown caused by the global pandemic. A large payment finished the loan after eight months. I am pleased with your commitment during a very challenging time.

    Log in to reply • Share
  • David    Dec 1, 2019

    Loan was originally scheduled to take two months. Two payments finished the loan in about six weeks. Good luck with your projects.

    Log in to reply • Share


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Loan Info

Project Type

Classic Loan

Disbursed amount

$190.00

Date disbursed

Mar 7, 2021

Repayment status

Late

Projected term

3 months

Lenders

Arjan Geven

Vienna, Austria

JG

Jake Gibson and Beverly Picardo

San Francisco, United States

R

Ru

New York, United States

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