Bar & restaurant business

Fridah

Chililabombwe, Zambia

100% repaid

Entrepreneur

Name

Fridah

Member since

February 2021

On-time repayments

23 installments  •  61%

About Me

My name is Madam Fridah Chipili a mother of 6 children. Am a widow and am just a small restaurant business in the town of Chililabombwe in Konkola town ship. I was recommend to apply for Zidisha loan and I got interested because I need financial support because my business is experiencing challenges and I don't want close down.

My Business

My source of income is from the restaurant business which am running at the chililabombwe main trading area.I prepare and sell food meal which are consumable daily.I have demand because there are only two restaurant so far one restaurant has been closed.I choose restaurant business because people consume food staffs every day and cant do without therefore it gives good profits.

Loan Proposal

With this new loan am applying for I need to raise some funds to help me add more drinks in my bar because the demand for alcohol drinks this time around is very high. However I in my restaurant I need to get the food warmer and more sits as during lunch hour the restaurant is full to capacity therefore I need the loan to help me increase revenue base. The profit margin has grown from 5000 to 17000 ZMW weekly, a good indication that my business is growing very fast during this period.

Income Source

The nature of the business am operating at the moment net good income every day. Because it involves fast consumable goods such as beer and food stuffs that sell faster. Therefore I will be able to generate more income save some and repay the loan in good time.

Feedback

1

None

None

  • Sabrina    Apr 13, 2021

    Fridah paid the loan on time. I would lend to her again and wish her good luck for all her future projects.

    Log in to reply • Share
    • Fridah    Jun 17, 2021

      Thank you so much madam Sabrina may God bless you, keep you and protect you for doing a great work of blessing me through my business and my family.

      Log in to reply • Share


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Loan Info

Project Type

Classic Loan

Disbursed amount

$140.00

Date disbursed

Apr 14, 2021

Repayment status

On Time

Projected term

1 week

Lenders

Cloudways

Malta, Malta

sderickson

Berkeley, CA, United States

A

Anonymous

United States

M

MaggieK

United States

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