18 weekly installments • 83%
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
Buying and reselling food stuffs, clothes and household appliances. I have expanded and opened up a small shop for cosmetics
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.
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.
Mar 30, 2021: Mutale mwamba grocery business
Apr 14, 2021
Cost of loan
Service fee: 5% of $771.99 = $38.58
Credit risk payment: $154.37