20 weekly installments • 55%
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 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.
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.
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.
Jun 22, 2021
Cost to entrepreneur
Service fee: 5% of $333.12 = $23.35
Credit risk payment: $140.08