10 weekly installments • 70%
I am a young business lady born in Zambia in the year 1995 with sound and business mind from childhood. However, I completed my education in the year 2010 at Ngweze Secondary school. From there I started a small business due to lack of funds to further my education at college level. I am the last born in the family of four. Hence, grew up with a single mother as my father died when I was still young.
Currently I run a butchery where I supply chicken, beef and fish to the community. These goods are very much in on demand because meat diet is on a daily basis in my country. I chose this type of business due to the favourable profit that has helped me to continue helping my mother and other siblings.
This loan will help me to purchase a new Measuring scale that will help me to professionally improve my business to suit the current trends in the market. However, this equipment will cost $60 US Dollars. I will therefore enjoy the benefits of this scale as I will be able to have proper profit projections and avoid complaints from some customers that feel unsatisfied due to traditional measurement systems. Hence, this will increase my customer base and earn more profit to continue sorting my needs and repay this loan on time.
May 30, 2018
Cost to entrepreneur
Service fee: 5% of $69.29 = $2.10
Credit risk payment: $10.69