Capital investment to buy more foodstuff to resell

Mwamba

Lusaka, Zambia

100% repaid

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Entrepreneur

Name

Mwamba

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

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Loan Info

Project Type

Classic Loan

Disbursed amount

$599.00

Date disbursed

Jan 12, 2021

Repayment status

On Time

Projected term

2 months

Other loans

Apr 2019:  $9

Jun 2020:  $10

Sep 2020:  $6

Oct 2020:  $16

Oct 2020:  $58

Nov 2020:  $159

Mar 2021:  $771

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

N

NordBeraht

Germany

A

Anonymous

Germany

JTShorty

Gorham, Maine, United States

K

Krish

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

A

Anonymous

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

P

PegasusRed

Australia

B

bscent

Hong Kong

N

NorCalLender

United States

Jamal Hamou

Cascadia, Canada

utdream

United States

PolarBearCapital

United States

P

pnrjulius

United States

M

Milchjieper

Germany

SuperMario28

Cudahy, United States

S

stevenc

Belgium

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

AT

Andrew Taitano

United States

NA

Nancy and David

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

TK

Timothy Kitchen

United States

Pedro Lopez

United States

C

cota

United States

John Prendiville

Portland, United States

TH

tom hd

United Kingdom

Carla

Amsterdam, Netherlands

SB

Spencer Burnham

United States

Framework Eyewear

Utrecht, Netherlands

F

Frits

Rotterdam, Netherlands

AK

Attila Kovacs

Austria

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

A

Andrei

United States

RM

Rian McGuire

Australia

M

Marzl

Germany

Christopher Hey

Sudbury, Canada

Cliff

United States

EB

Ellen Batten

Kalamazoo, Michigan, United States

M

mariamfula

United States

AH

Andreas Holmstrom

Norway

SH

Steven Huntington

London, United Kingdom

Rory McLaughlin

Dallas, United States

Gabriel Fenili

Santo André, Brazil

Thomas Hörner

Germany

CS

Cynthia Skousen

United States

Anonymous

Ocoee, United States

V

Vidar

Oslo, Norway

HZ

Hans-Peter Zech

Switzerland

P

Phips

Switzerland

PB

Philipp Burgmer

Germany

I

isaac

United Kingdom

TS

Tammy Schneidler

United States

GC

Greger Cronquist

Göteborg, Sweden

Jes-c

United States

KE

Kari Eerola

Finland

JA

Jan Andresen

Hamburg, Germany

Sinan Taifour

Munich, Germany, Germany

Danielle and Riley

Thailand

J

Jon

United States

AS

Arya Serra

Tanzania

L

Lucy

Australia

DD

Dhinesh Dharman

United States

CN

Claus Nielsen

Denmark

A

Anonymous

United States

AP

Antonio Pavlinović

Croatia

S

Suzannah

New York City, United States

Benjamin Kniaz

Boston, United States

Anette Eisbär

Germany

VC

Victor Chong

United States

RA

Ritchie and Jie

Hong Kong

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

JF

J Fister

United States

KB

Kiryl Bushwackacowski

United States

C

Chris

Australia

FS

Felipe Slávik

United States

R

RMIM

United States

JF

Josh Fischer

Netherlands

Jane

Ontario, Canada

S

Sarah

Arlington, United States

S

S

Canberra, Australia

Nethanel Kohen

NYC, United States

BB

Bianca Brandner

Austria

B

Bartl

United States

KL

Katja Louw

Germany

daniel

maryborough, Australia

A

Anonymous

United States

PB

Patience Bryan-Taff

United States

BH

Benjamin Heiter

Germany

MC

Melissa Corrigan

Richmond, California, United States

FR

Friederike Reisch

Germany

A

Andrea

Italy

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

BR

Brian Rooney

Germany

Peter Morse

Amesbury, MA, United States

M

Moritz

Germany

Nick Studenski

Minneapolis, United States

Remo

Switzerland

OM

Oisín McGarry

Ireland

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

TN

Tibor Nemes

Germany

Girolamo Marroccoli

Basel, Switzerland

EB

Ernesto Bartels

United States

EA

Eric Ayers

Atlanta, United States

HF

Holger Frehse

Germany

KF

Kathy F

Memphis, TN, United States

L

Lovena

Canada

M

MylesPLux

Canada

alexalexalex

Berlin, Germany

Andrew

United States

LK

LUCY KIHEMBO

Uganda

JR

Jose Ramirez

World, Spain

R

Roman

Germany

RS

Ralph Smyth

United Kingdom

Angela Chu

Toronto, Canada

F

Fred

Malta

GH

Gary Horneman

United States

EW

Eric West

United States

FF

Frank Fox

Austria

M

Mildrid

Norway

M

MaggieK

United States

MS

Matthias Steinherr

Germany

JA

Justin A

Fort Collins, United States

AG

andrew gushiken

United States

JE

Jiah Edmonds

New Zealand

TT

Thordis Taag

Germany

L

Laura

Japan

T

Thomas

Germany

JB

Juan Busco

United States

A

Anonymous

Germany

J

John

Germany

CL

Caleb Liu

United States

M

Melissa

United States

AB

Andi Ba

Germany

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

B

Byron

Australia

MM

Minnesota Microlenders

United States

N

Nikko

United States

GR

Gabe Radovsky

United States

GP

Gino Polverari

United States

TC

Tracy Churchill

Australia

R

RyanP

Canada

IG

Ian Gryglewski

Australia

Babbitt Family Foundation

Reno, United States

KM

Kirk Moore

Cerdanyola del Vallès, Spain

K

Katka

Germany

K

Kieran

United Kingdom

CG

Chris Greene

Birmingham, AL, United States

AE

Andries en Rebekka

Belgium

LC

Linda Cladis

United States

JN

Jonathan Ng

United States

C

Christopher

United Kingdom

A

Anonymous

United States

MA

Mats Adolfsson

Sweden

A

Anonymous

United Kingdom

SH

Stephen Hutchins

United States

TR

Tobias Rittmeier

Germany

T

Timo

Germany

RL

Ralph Lüdecke

Germany

Bharat

Princeton, United States

SS

Sabrina Shuss

United States

DD

Diego Donoso

United States

MH

Martin Hammick

United Kingdom

MW

Moritz Weinzierl

Netherlands

J

Julian

Germany

K

KM

United States

JG

Joshua Goossen

United States

V

Václav

Czech Republic

L

Len

Israel

Ask Mwamba a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.

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  • Mwamba    Sep 8, 2021

    I lost business due to relocation, no customers, funeral and Covid 19 travel restrictions

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  • Mwamba    Sep 1, 2021

    I run out of business due to relocation, funeral, and Covid 19 restricting movement of people.

    Log in to reply • Share

  • Mwamba    Aug 25, 2021

    I had a breakdown on my business due to a number of factors including relocation, funeral and loss of business.

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  • Mwamba    May 12, 2021

    I have shifted to a new trading area and yet to establish a new customer base

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  • Mwamba    Apr 14, 2021

    Dear Zidisha,

    I wish to acknowledge having received a total loan amount of K12,277 (after deducting fees).
    I will use this money to order more items for my shop including cosmetics and food items-beans and rice for reselling.
    Thanks to the lenders for this support.
    Regards

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  • Mwamba    Apr 12, 2021

    Thanks to my lenders.
    I am going straight away to order more supplies for my shop.

    Regards

    Mwamba

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  • Mwamba    Mar 27, 2021

    I have expanded further my business into groceries

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  • K

    KM    Mar 26, 2021

    The loan was fully repaid. Well done, and best of luck with the business!

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  • Salome    Mar 18, 2021

    Mwamba has promised to finish paying he's loan any time soon. Thank you

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  • Mwamba    Mar 9, 2021

    Most of the customers i gave the orders are failing to pay me.
    The business of ordering eggs and resale has stalled because of price adjustment from my supplier which has made it difficult for my clients to accept a corresponding adjustment from me.

    Log in to reply • Share

  • Mwamba    Jan 23, 2021

    Done

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  • Mwamba    Jan 23, 2021

    I have been able to increase my stock from my last loan.
    Thanks to the lenders

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  • Mwamba    Jan 18, 2021

    I wish to confirm that I received a total of K9, 283 after deductions. I have used this money to order more foodstuffs for my shop.
    Thanks to the lenders

    Log in to reply • Share

  • Mwamba    Jan 12, 2021

    K12, 376 has been credited into my account as the loan. I will be buying more stock in my shop including more food items.

    Thanks to the lenders for the support

    Log in to reply • Share

  • Mwamba    Jan 11, 2021

    I wish to accept and confirm that my loan request is completed. I will order more stock in my shop.

    Thanks for the lenders.

    Regards

    Log in to reply • Share
  • M

    Margaret    Jan 9, 2021

    Good luck with your new loan!

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  • Mwamba    Jan 7, 2021

    My cosmetic shop with popcorn and eggs on sale. Courtesy of Zidisha loan. Thanks to the lenders

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  • Mwamba    Jan 4, 2021

    From the loan i got last time, i have managed to grow my business and expand into more goods. I managed to order new stock of cosmetics, popcorn, and trays of eggs in my shop. I also used part of the money to cultivate 1 ha of popcorn.

    Log in to reply • Share

  • Mwamba    Dec 21, 2020

    Dear Lenders,

    I wish to let you Know that i already received the loan amounting to K2,077. I used this money to stock my shop. I already paid back K1,500 and the balance to be cleared soon.

    Thanks for the support.

    Mwamba

    Log in to reply • Share

  • Mwamba    Dec 6, 2020

    Thanks guys for the loan

    Log in to reply • Share


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