Capital investment to buy more foodstuff to resell

Mwamba Mutale

Lusaka, Zambia

100% repaid

Entrepreneur

Name

Mwamba Mutale

Location

Lusaka, Zambia

On-time repayments

28 weekly installments  •  61%

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

2

None

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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: 5% of $599.08 = $39.31

Credit risk payment: $157.45

Lenders

A

Anninymouse

Southampton, United Kingdom

C

Christian

Saarbruecken, Germany

HI

Highly Improbable

Saskatoon, Canada

investor

Candiac, Canada

tycho

Madison, WI, United States

AltruisticSelfishnes

Chicago, United States

DeanDropshot

Oslo, Norway

ErikN

Stockholm, Sweden

F

FHult

Stockholm, Sweden

Martin

Manama, Bahrain

T

Tallago3

Munich, Germany

J

jasonbronowitz

Tempe, United States

D

Divergent

Bethesda, United States

Cloudways

Malta, Malta

A

Austrian

Graz, Austria

E

EnhanceLife

Heber City, United States

S

SvenWaage

Stavanger, Norway

G

Goodwill

Oakland, United States

M

MorganBlue

United States

peanut

Halifax, Canada

ads68

Melbourne, Australia

Christopher

Copenhagen, Denmark

V

Valis

Singapore, Singapore

Maxey

Amstelveen, Netherlands

A

Andy

Berlin, United States

8

8chrono8

London, United Kingdom

M

mtaylor

Houston, United States

Bobrm2k3

Charleston, United States

A

amish

San Francisco, United States

P

prehders

Hamburg, Germany

JTShorty

Gorham, Maine, United States

K

Krishroff

Dubai, United Arab Emirates

paulclinton

malaga, Spain

Hedwich

Gorssel, Netherlands

L

LongTallSallymander

Menomonee Falls, United States

B

BigWillie

Belfast, United Kingdom

S

Sreval

Manly, Australia

P

phoebius

Cambridge, United Kingdom

ibc123

Seattle, United States

D

dcheung

San Francisco, United States

lizandsteve

guelph, Canada

J

jaytodd

New Orleans, United States

Freewolf

Salt Lake City, United States

MrMichigander

Marquette, United States

mikeice

Kohler, United States

Scotts5320

New York, United States

sderickson

Berkeley, CA, United States

G

GoughGirl

Washington, Dc, United States

pvilliger

Zurich, Switzerland

T

thegreek1020

San Jose, United States

B

bscent

Hong Kong

N

NorCalLender

United States

utdream

United States

PolarBearCapital

United States

P

pnrjulius

United States

SuperMario28

Cudahy, United States

T

thehigginsons

United Kingdom

M

mbarbier

United States

Mike and Jacqui

United Kingdom

HL

Holly Laird

Austin, United States

S

Stephan

Netherlands

S

Sven

Netherlands

DR

Daniel R

Berlin, Germany

Dave Bogard

New York, United States

Family Mueller

Petershagen, Germany

R

Robert

Berlin, Germany

MD

Miles Dodge

CORVALLIS, United States

MW

Matt Willis

United States

W

Wade

United States

Kate Courteau

United States

SK

Stefan Kruell

Muenster, Germany

JT

John Tabacchi

United States

E

erica

antwerpen, Belgium

moursund

Beaver Nation, United States

Kevin

San Francisco, United States

I

Ian

United Kingdom

Pedro Lopez

United States

C

cota

United States

John Prendiville

Portland, United States

TH

tom hd

United Kingdom

Carla

Amsterdam, Netherlands

Framework Eyewear

Utrecht, Netherlands

F

Frits

Rotterdam, Netherlands

Mark Grey

Redding, CT, United States

AH

ajay hampapur

United States

N

Nick

United States

E

eriklonnroth

United Kingdom

Aran Dunlop

United States

Joe Lamantia

Reston, Virginia, United States

Christopher Hey

Sudbury, Canada

Cliff

United States

EB

Ellen Batten

Kalamazoo, Michigan, United States

M

mariamfula

United States

Rory McLaughlin

Dallas, United States

Gabriel Fenili

Santo André, Brazil

Anonymous

Ocoee, United States

V

Vidar

Oslo, Norway

P

Phips

Switzerland

United States

JA

Jan Andresen

Hamburg, Germany

Sinan Taifour

Munich, Germany, Germany

J

Jon

United States

S

Suzannah

New York City, United States

Benjamin Kniaz

Boston, United States

Ken

Mequon, WI, United States

D

Dalton

San Francisco, United States

HCPSPIRIT

Helsinki, Finland

hervey liu

United States

GS

Gary Sinard

Franklin, TN, United States

M

Margaret

United States

M

Mack

Harbor, Oregon, United States

C

Chris

Australia

R

RMIM

United States

Jane

Ontario, Canada

S

Sarah

Arlington, United States

S

S

Canberra, Australia

Nethanel Kohen

NYC, United States

daniel

maryborough, Australia

MC

Melissa Corrigan

Richmond, California, United States

Darren Jeppson

Denver, Colorado, United States

H

Haley

United States

PB

Powered by me

European Union, Netherlands

RD

Roel De Meester

Antwerpen, Belgium

E

EJOBIV

United States

PA

Peter A

New York City, United States

PJ

Pike Juniors

Adelaide, Australia

SB

Stephen B

United States

Peter Morse

Amesbury, MA, United States

Nick Studenski

Minneapolis, United States

Ryan Agnew

Australia

DO

Denis Ontiveros

Guildford, United Kingdom

B

Ben

United States

BR

Brian Rickman

United States

M

Malte

Switzerland

L

Lisa

United States

EA

Eric Ayers

Atlanta, United States

KF

Kathy F

Memphis, TN, United States

alexalexalex

Berlin, Germany

Andrew

United States

R

Roman

Germany

RS

Ralph Smyth

United Kingdom

Angela Chu

Toronto, Canada

GH

Gary Horneman

United States

EW

Eric West

United States

JA

Justin A

Fort Collins, United States

J

John

Germany

CL

Caleb Liu

United States

M

Melissa

United States

CB

Chris Baker

United States

R

Ru

New York, United States

Frank

Germany

M

MSH

United Kingdom

MN

Mike Newhof

Grand Rapids, MI, United States

S

Sebastian

Netherlands

N

Nikko

United States

GR

Gabe Radovsky

United States

Babbitt Family Foundation

Sioux Falls, SD, United States

KM

Kirk Moore

Cerdanyola del Vallès, Spain

K

Katka

Germany

K

Kieran

United Kingdom

CG

Chris Greene

Birmingham, AL, United States

LC

Linda Cladis

United States

JN

Jonathan Ng

United States

C

Christopher

United Kingdom

B

Bharat

Princeton, United States

SS

Sabrina Shuss

United States

DD

Diego Donoso

United States

MH

Martin Hammick

United Kingdom

K

KM

United States

V

Václav

Czech Republic

L

Len

Israel

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