To buy plastic furniture for school kids

Mwaanga

Kitwe, Zambia

100% repaid

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How it Works

Entrepreneur

Name

Mwaanga

Member since

July 2017

On-time repayments

157 installments • 50%

About Me

hi my name is Mwaanga, am married and I come from a family of 4 girls. Life was very interesting growing up. I did my primary education and later completed my secondary education. One thing that i can recount as a hardship was going to college but by God's grace I managed to complete a Diploma in Social Work. Apart from being an entrepreneur, my interest is to help the needy in society and also work with children.I have 4 kids, the first born girl wants to become a medical doctor, my second born son wants to become a lawyer and the other two are still young. In my free time i enjoy singing and spending time with my family.

My Business

I am currently employed and I have been working for more than five years and I normally spend my salary on food and any support to my family. At the same time I run small businesses of selling rice at home and also supplying of books and smoking fish. I chose this kind of business because I noticed that people need food everyday.My source of income is my current job and any help rendered to me will be highly appreciated.The demand for food is high and with bigger capital my business will grow from one level to another.

Loan Proposal

I really want to thank Zidisha and all my lenders for funding my loans previously. The loan I just completed paying has boosted my business so much. I work in a primary school as you can see from my profile picture. And after interacting with a number of school administrators I identified a business to supply plastic tables and chairs to nursery schools for outdoor activities. I had some orders recently and it was a success. I got a loan amount $842 and I made profit above $300.
I love children and my passion is to grow this business from one level to another and at the same time I will be happy to see kids pIay and have somewhere to sit and chat. Dear Lenders, am again knocking on your doors applying for a loan amount $1,077, which I intend to buy sets of similar tables and chairs for resale to Nursery schools in my area. I have a number of orders at the moment. A set of one table and 4 chairs costs about $35. From my previous business I have saved about $200 so if you help me with this loan I will have a total of $1,277. I will spend $1,100 to buy 31 sets and $100 will be spent on transport. I will sell each set at $50. This will give me a profit of $15 per set and after all is sold I will make $1,550. This means I will make a profit of $350, slightly over 30% profit. I will use part of this profit to pay school fees for my kids and I will save the rest to reinvest in my business. Being in employment, plus this profit from my loan proposal, I will be able to repay the loan without difficulties. I promise my lenders i will repay the loan on time.

My Videos

Apr 13, 2021: Smoked fish

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David Jun 17, 2019

Loan was originally scheduled to take eight months. Four months of payments were missed but the loan was paid off after about eleven months. I wish you continued success.

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