Buy second-hand bedding to resell

Londenji

Kitwe, Zambia

100% repaid

Entrepreneur

Name

Londenji

Member since

March 2021

On-time repayments

15 installments  •  67%

About Me

My name is Londenji Phiri a 24 year old single mother who resides in the heart of Kitwe. I dropped out of university when I was in first year because I fell pregnant. Unfortunately I was too young and Naive to listen to my elders so the father of my child abandoned us both. It was during that tough time that I decided to embark on another journey which was business and that's how come I have been able to sustain myself for the past 4 years . I relocated to copperbelt province with my son because I felt like I needed a fresh start on life and I'm grateful that God went before me and sustained me.

My Business

My name is Londenji Phiri a 24 year old single mother who resides in the heart of Kitwe. I am a mobile sole trader who sales second hand beddings and doormats using the trunk of my car. It's a very good business because I usually buy a bale of beddings and in two weeks when business is good all of the items finish and I have to re order new ones.

Loan Proposal

Unfortunately with the previous loan i applied for i was not able to get the inventory i needed to because of a sudden family emergency i had to look in to. I would like to use this loan to buy a bale of Duvets and duvet covers for my thrift beddings business. With the hike in goods and commodities people find it cheaper to buy second hand apparel as opposed to brand new items sold in shops.

Income Source

The line of business i mean is a fast paced business because of how mobile i am. I drive my car around and park it in large crowds of people so that i can attract more customers to buy my goods. I also have some savings accounts that i use to deposit all my profits in to monitor the growth of my business so no doubt i will pay back my loan with ease.

Feedback

None

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Loan Info

Project Type

Classic Loan

Disbursed amount

$55.00

Date disbursed

Mar 9, 2021

Repayment status

On Time

Projected term

6 weeks

Lenders

Franmiguel

Perth, Australia

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