Capital investment for foodstuffs business
Mwamba Mutale
Lusaka, Zambia
25% repaid
Entrepreneur
Name
Mwamba Mutale
Member since
April 2019
On-time repayments
32 installments • 66%
About Me
My business involves lending people items and collect the funds after an agreed period. I have expanded by opening up a small shop for cosmetics
My Business
Buying and reselling food stuffs, clothes and household appliances. I have expanded and opened up a small shop for cosmetics
Loan Proposal
I will be able to expand my business with this loan. Currently my stock is mainly cosmetics. However, there is an increasing demand for soft drinks and other items such as cooking oil, soaps, and toiletries. Therefore, this loan will go towards buying these required items. I will also invest in buying more popcorns.
Income Source
I am a full time employee of the government on a 2 year contract. I get a monthly salary at the end of each month. Should the business fail to pay for the loan, i will be able to get part of my monthly salary and pay back the loan.
My Videos
Mar 30, 2021: Mutale mwamba grocery business
Feedback
Positive
2
Neutral
None
Negative
None
Loan Info
Project Type
Classic Loan
Disbursed amount
$771.99
Date disbursed
Apr 14, 2021
Repayment status
Late
Projected term
2 months
Cost to entrepreneur
Service fee: $48.39
Credit risk payment:
$193.61
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Kirk Moore Mar 27, 2021
Margaret Jan 5, 2021
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