Building clothing shop

Ian Chishala

Kitwe, Zambia

9% repaid

Entrepreneur

Name

Ian Chishala

Location

Kitwe, Zambia

On-time repayments

31 weekly installments  •  61%

About Me

My names are Ian Chishala. I was born in 1979 in mansa in a village in zambia. Life in the village was very tough. i started my grade 1 and was walking about 10km every day. I went up to grade 9 then couldnt continue as life was tough no support. My parents are peasant farmers so not enough money. That challenge made me stop school so i came to mufulira where i lived with my mother's sister then later i started stayin alone. I realised mufulira is near a congo border and women like chitenge materials so i started business of buying chitenges from congo and selling at a stand. I am married with one child who wants to become a pilot in future.My hobby is going to church.

My Business

My business is selling chitenge materials and these are original material and women like them a lot so they are on demand. And that is why i chose this business. My typical cost is transport and pieces of chitenge material. I spend ZMW7,500 to buy 30 pieces of chitenge material and transport ZMW500. When i sale i make profit and buy food and pay school fees for my child.Sometimes i put back profit in my business.

Loan Proposal

I thank all my lenders for your help in my last loan. I have been selling different types of material but mostly chitenge (wraps) and African materials especially for women from an open stand but i want to build my own shop . My dream is to see my business growing everyday and I can see that dream coming true because of zidisha. My business has improved after my first loan with zidisha it is no longer the same am so happy. When am given this loan I will buy building materials so that i engage someone to build my clothing shop and the profit I make I will buy food for children at home.

Income Source

At the market I am in a group of men and we have formed a group called chilimba. We contribute money together and when a member has a problem you get then you after 1 month at a very small fee so I can get some money from there. Apart from that I have 2 shops one in kitwe and another in mufulira so I can easily raise money and pay for my loan. My materials are on very high demand by women and men also especially that they are African materials. I also save some money for future challenges in my savings account at the bank so I can not have difficulty to pay

Feedback

None

None

None

Loan Info

Project Type

Classic Loan

Disbursed amount

$337.46

Date disbursed

Feb 24, 2021

Repayment status

Late

Projected term

3 months

Cost to entrepreneur

Service fee: $21.77

Credit risk payment: $74.17

Optional expediting fee: $43.61

Lenders

HI

Highly Improbable

Saskatoon, Canada

AltruisticSelfishnes

Chicago, United States

Hakayati

Dublin, Ireland

Martin

Manama, Bahrain

U

uovobw

Reggio Emilia, Italy

S

SelvaMarcus

Green Cove Springs, United States

G D Export

Kolkata, India

Cloudways

Malta, Malta

E

EnhanceLife

Heber City, United States

peanut

Halifax, Canada

ads68

Melbourne, Australia

C

Colmena

Chicago, United States

T

ThereIsNoGod

Singapore, Singapore

Scotts5320

New York, United States

T

thegreek1020

San Jose, United States

DavidHS

United Kingdom

B

bscent

Hong Kong

I

idris

United States

S

sarahb

United States

P

pnrjulius

United States

Mike and Jacqui

United Kingdom

S

Sven

Netherlands

Dave Bogard

New York, United States

R

Robert

Berlin, Germany

W

Wade

United States

SK

Stefan Kruell

Muenster, Germany

moursund

Beaver Nation, United States

Kevin

San Francisco, United States

JC

JD Conley

United States

I

Ian

United Kingdom

Carla

Amsterdam, Netherlands

Mattie Shaw

Seattle, United States

Aran Dunlop

United States

Carlo Cruz

Cincinnati, OH, United States

L

LK

United States

Claire

San Fransico, United States

I

isaac

United Kingdom

Sinan Taifour

Munich, Germany, Germany

MC

Mark Cowburn

United States

J

Jon

United States

Christie Young

Boston, Ma, United States

daniel

maryborough, Australia

Nick Studenski

Minneapolis, United States

Remo

Switzerland

Ryan Agnew

Australia

DO

Denis Ontiveros

Guildford, United Kingdom

A

Anonymous

United States

C

Carol

Bayswater, WA, Australia

Andrew

United States

AM

Alex Melo

United States

SR

Sean Rodgers

Wellington, New Zealand

JA

Justin A

Fort Collins, United States

R

Ru

New York, United States

E

emily

Australia

S

Stephen

United States

Babbitt Family Foundation

Sioux Falls, SD, United States

Michael Chew

Melbourne, Australia

R

Richard

United Kingdom

FS

Finlay Stuart

United Kingdom

DD

Diego Donoso

United States

K

KM

United States

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

Loading...

Loading...

Loading...