Entrepreneur
Name
Fostina
Member since
January 2016
On-time repayments
179 installments • 60%
About Me
I'm a happily married woman with 3 children of my own. I also help to raise some nieces and nephews. My eldest son is in secondary school right now and my husband and I are working hard to support his education as well as the education of our other children. My husband and I have a small farm as well as a store in Monze town. We want to be able to expand our business, but most of our profit goes into paying for school fees, leaving little to invest.
My Business
I have a small store in the town of Monze where I sell beans, kapenta (fish), and cooking oil. I buy the beans, kapenta, and cooking oil wholesale and then sell them in varying sizes. On a bag of beans, I can make about 400 kwacha profit. With paying for school fees, though, I run into a tough time reinvesting into the business as much of the profit goes to education costs for our children. I want to be able to diversify my income sources. I want to add Maize to my store as well. My first loan helped us a lot and we were able to save money.
Loan Proposal
The money from this loan will go to buying bulk beans and kapenta (small fish) to sell. I can make around 400 kwacha profit on the sale of one bag of beans. The money will be used to reinvest in the business so my husband and I can also afford school fees for our children.
About Me
I'm a happily married woman with 3 children of my own as well as helping to raise some nieces and nephews. My eldest son is in secondary school right now and my husband and I are working hard to support his education as well as the education of our other children. My husband and I have a small farm as well as a store in Monze town. We want to be able to expand our business, but most profit goes into paying for school fees, leaving little to invest.
My Business
I have a small store in Monze Town where I am selling beans, kapenta (fish), and cooking oil. I buy the beans, kapenta, and cooking oil wholesale and then sell them in varying sizes. On a bag of beans I can make about 400 kwacha profit. With paying for school fees though, I run into a tough time reinvesting into the business as much of the profit goes to education costs for our children. I want to be able to diversify my income sources. I want to add Maize to my store as well. My first loan helped us a lot and we were able to save money. My second loan was also very helpful and we were able to invest more into education.
Loan Proposal
The money from this loan will go to buying bulk beans and kapenta (small fish) to sell. I can make around 400 kwacha profit on the sale of one bag of beans. The money will be used to reinvest in the business so my husband and I can also afford school fees for our children.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$150.00
Date disbursed
Mar 9, 2016
Repayment status
On Time
Projected term
21 months
Other loans
Lenders
United States
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