Entrepreneur
Name
Fridah Chipili
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 7,000 to 20,000 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
Positive
1
Neutral
None
Negative
None
Loan Info
Project Type
Classic Loan
Disbursed amount
$333.12
Date disbursed
Jun 22, 2021
Repayment status
Late
Projected term
2 months
Cost to entrepreneur
Service fee: $21.71
Credit risk payment:
$130.26
Lenders
Canada
United States
CORVALLIS, United States
United States
United States
Sydney, Brazil
Oshawa, Canada
Recife, Brazil
United Kingdom
United States
United States
United States
United States
Seattle, Washington, United States
Netherlands
United States
Surfers Paradise, Queensland, Australia
United States
United States
Finland
United States
United States
United States
Denmark
Hong Kong
United States
Franklin, TN, United States
Miss Ritchies Social Studies 10 Class
Edmonton, Canada
United States
United States
St. John's, Canada
Germany
United Kingdom
Ames, Iowa, United States
Ask Fridah a question about this loan project, share news and photos of your own, or send a simple note of thanks or inspiration.
Sabrina Apr 13, 2021
Fridah Chipili Jun 17, 2021
Loading...