Capital to expand my restaurant business

Josephine

Kazembe, Zambia

100% repaid

Entrepreneur

Name

Josephine

Member since

July 2018

On-time repayments

14 installments  •  50%

About Me

My name is Josephine Ponda am a business lady, i was born and bred in Lusaka, Zambia and i come from the family of 5, being 3 boys and two girls.However, i started primary school at Kanyama A primary school and completed my high at Kabulonga Girls.After completion the following year i got a scholarship through our church and i was sent to study food and nutrition at one of the reputable institution in Lusaka.Later i did apply for job at one of the hotels as cooker and i was successfully accepted.

Nevertheless, after working there for 1 year and 6 months, i resigned on good grounds and started my own restaurant in the central business of Lusaka and the business is doing well.The land of Zambia is peaceful and rich tourism industry.I hope my children to get better education, i wish them to study medicine.

My Business

I ran a restaurant in the Central Business of Town and provide food staffs, such as local foods such as Nshima,vegetables, fish, chicken,t-born, beef stew,chicken& chips, meat pies all range.The demand is very over whelming for these food staffs i sale.I choose this business it is the fastest means of generating money and it is profitable.My typical cost is ZMW 700.00 and am able to generate the profits of ZMW 800.00 weekly as profits.However i use the profits to grow the business, pay school fees for children and also home improvements.

Loan Proposal

Am requesting for the loan of an amount of $20 to help me expand my restaurant business.I need to order more stocks or increase food staff i prepare to on daily basis.The restaurant is located at main market consumption is very high, the food staff move very fast but i prepare very little food staffs due to my capital that is also very small.I have opted to apply for a small loan help increase my working capital so that i can increase the supply of food and satisfy my customers.

Feedback

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1

  • Julie    Oct 5, 2019

    No payments at all. Appears to have abandoned the loan.

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Loan Info

Project Type

Classic Loan

Disbursed amount

$27.00

Date disbursed

Oct 5, 2018

Repayment status

On Time

Projected term

3 weeks

Lenders

M

miriamg

Toronto, Canada

Dean Suminski

Portland, Oregon, United States

DD

Dixie Davis

Kyle, United States

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