Buying second-hand baby blankets

Londenji Phiri

Kitwe, Zambia

100% repaid

Entrepreneur

Name

Londenji Phiri

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

I have noticed that there is a high demand for baby blankets. With the rise in commodities expectant mothers are finding it cheaper to buy second hand blankets for babies as they are more durable than the brand new ones found in shops. I want to buy a shared bale of baby blankets to resale.

Income Source

Yes businesses do face risks but I am confident with the clientele I have built over the years and the savings I have made over the last consignments that I will be able to pay back my loan with no problem.

Feedback

None

None

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Loan Info

Project Type

Classic Loan

Disbursed amount

$69.14

Date disbursed

Apr 14, 2021

Repayment status

On Time

Projected term

2 weeks

Cost to entrepreneur

Service fee: $4.32

Credit risk payment: $9.52

Lenders

Leesa

Australia

jorgvgaal

Kuala Lumpur, Malaysia

J

Jari

Finland

EH

Ed Hendrickson

Ames, Iowa, United States

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