Buy stock for liquor store

Happy Simwanza

Lusaka, Zambia

29% repaid

Entrepreneur

Name

Happy Simwanza

Member since

February 2021

On-time repayments

7 installments  •  71%

About Me

My name is Happy Simwanza, I live in mandevu area of Lusaka with my mother and siblings. I am the first born in the family and as the man am responsible of taking care of my siblings. I started my business of selling alcohol in a small booth after I completed school then I grew the business into a bigger shop.

My Business

I own a liquor store so i sell assorted alcohol starting from ciders, lagers,wines to whiskeys. My business is at peak during the weekends as that's the time people want to relax over a beer after the long tiring week. I often close at midnight when it's during the weekend because customers are a lot.

Loan Proposal

I want to use this loan to order some more ciders for shop,I have the whiskey and wine in stock but the ciders are really needed as many customers like to buy six packs of the ciders either Hunter, savannah, windhoek and black label.

Income Source

My business runs everyday and is at peak on the weekends,this is to imply daily income which I will save and use to pay my weekly installments on time considering this current economic climate.

Feedback

None

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Loan Info

Project Type

Classic Loan

Disbursed amount

$118.76

Date disbursed

Mar 8, 2021

Repayment status

On Time

Projected term

2 weeks

Cost to entrepreneur

Service fee: $2.13

Credit risk payment: $6.03

Lenders

MindMuse

Talking Rock, United States

Paul Buchheit

Mountain View, United States

John Minges

United States

C

Chris

United Arab Emirates

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Summary

Amount repaid

$34.57

Amount remaining

$84.19

Date repaid

Mar 23, 2021

Status

Fully repaid

Installment amount

$17.31

Next installment

Mar 31, 2021

Repayment History

Expected Payments Actual Payments
Mar 17, 2021 $17.31 Mar 23, 2021 $17.31
Mar 24, 2021 $17.26 Mar 23, 2021 $17.26
Mar 31, 2021 $17.31
Apr 7, 2021 $10.75
Apr 14, 2021 $17.31
Apr 21, 2021 $10.75
Apr 28, 2021 $17.31
May 5, 2021 $10.75

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