Capital investment to buy more foodstuff to resell
Mwamba Mutale
Lusaka, Zambia
100% 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
The loan i am applying for will be used to order more goods for my business. I will order more goods including trays of eggs, bags of rice, bags of irish potatoes, and more cosmetics. These items are on demand this period because of the lean period we are in. With the rising cases of Covid -19 in the country, stocking these items will give me more leverage as there will likely be restrictions in movement thereby triggering shortages of some of these items.
Income Source
I will be able to mitigate the economic risk of my business by diversifying into more goods. With at least 4 types of goods, i should be able to sell some of the goods that would not be affected by economic shocks such as high inflation rate that is already being experienced in the country. Another way of mitigating these economic shocks is to order these goods in big quantities to last for a longer period of time.
My Videos
Mar 30, 2021: Mutale mwamba grocery business
Feedback
Positive
2
Neutral
None
Negative
None
Loan Info
Project Type
Classic Loan
Disbursed amount
$599.08
Date disbursed
Jan 12, 2021
Repayment status
On Time
Projected term
2 months
Cost to entrepreneur
Service fee: $36.56
Credit risk payment:
$146.41
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Kirk Moore Mar 27, 2021
Margaret Jan 5, 2021
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