Bar & restaurant business

Fridah Chipili

Chililabombwe, Zambia

3% repaid

Entrepreneur

Name

Fridah Chipili

Location

Chililabombwe, Zambia

On-time repayments

20 weekly installments  •  55%

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

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.

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    • Fridah Chipili    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

$333.12

Date disbursed

Jun 22, 2021

Repayment status

Late

Projected term

2 months

Cost to entrepreneur

Service fee: 5% of $333.12 = $23.35

Credit risk payment: $140.08

Lenders

JimVandegriff

Trinidad, California, United States

F

florian

Mettmenstetten, Switzerland

Sundstroms

Falun, Sweden

J

Jameson

Salt Lake City, United States

D

Divergent

Bethesda, United States

Ingela

Falun, Sweden

J

JulCam

Montreal, Canada

MrMichigander

Marquette, United States

D

DandS

United States

Suman

Gold Coast, Australia

utdream

United States

M

motivator1117

United States

Dave Bogard

New York, United States

MD

Miles Dodge

CORVALLIS, United States

Dayton

Vancouver, Canada

Craig

Memphis, TN, United States

Kristin Rhodes

Kansas City, Kansas, United States

Kevin

San Francisco, United States

Dan Michael

Oslo, Norway

Thomas

Sweden, Sweden

CC

Chris Cutter

United States

L

LK

United States

Derek Haney

New Orleans, United States

Y

YTSJ

London, United Kingdom

Tam Thao Nathan

United States

Sigrid

Belgium

D

Dermo

Dublin, Ireland

NS

Nielson Santana

Recife, Brazil

T

Tom

United States

MG

Michael Guthrie

United Kingdom

Stanislas L

London, United Kingdom

Philip Schueler

Newbridge, Ireland, Ireland

JC

Justin cohan

United States

S

stevensau

United States

R

Rolands

Taichung, Taiwan

KE

Karen Epolito

Syracuse, NY, United States

FJ

Flo Jo

United States

T

tonym

Australia

Tim Sharpe

Adelaide, Australia

PR

Priscilla Rathbone

Seattle, Washington, United States

DJ

David Jones

United Kingdom

K

Kerry

United Kingdom

P

Phips

Switzerland

AC

Aaron Curtis

United States

JC

juli camrud

United States

GW

Gregory Wilkie

Halifax, Nova Scotia, Canada

A

Ashley

United Kingdom

Carla

United States

NG

Nick Gorrell

Surfers Paradise, Queensland, Australia

K

Kraig

United Kingdom

C

Cora

Switzerland

SA

Steve A

Newbury, United Kingdom

HPK

Switzerland, Switzerland

Sinan Taifour

Munich, Germany, Germany

SM

Sachet Marion

United States

Bart Vogelzang

Ladysmith BC, Canada

J

jeananne

United States

MC

Mark Cowburn

United States

J

Jon

United States

Vratik Krocik

Prague, Czech Republic

BP

Bill Piper

United States

D

Dalton

San Francisco, United States

hervey liu

United States

NH

Nancy Hull

United States

Dean Suminski

Portland, Oregon, United States

GS

Gary Sinard

Franklin, TN, United States

Jane

Ontario, Canada

AM

Anupama Mann

United States

S

Sarah

Arlington, United States

BN

Brian Neilon

United States

A

Anonymous

United States

BA

Burf and Patsy

St. John's, Canada

A

Anne

United Kingdom

C

Chris

United Kingdom

EH

Ed Hendrickson

Ames, Iowa, United States

Marinka

The Hague, Netherlands

Ask Fridah a question about this loan project, share news and photos of your own, or send a simple note of thanks or inspiration.

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