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.
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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
Other loans
Lenders
Kyle, United States
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Julie Oct 5, 2019
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