Carpentry shop equipment

Mathias Phiri

Chipata, Zambia

100% repaid

Entrepreneur

Name

Mathias Phiri

Location

Chipata, Zambia

On-time repayments

10 weekly installments  •  30%

About Me

My name is Mathias Phiri. I am a small scale businessman. I have been engaged in small businesses for a long time and with access to credit, I am determined to grow the business am doing now and build a big number of customers in order to make more revenue and profits to allow for my desired expansion.

My Business

My business involves upholstering of used furniture and fixing of dining and living room tables and chairs. I also make stools and side tables. My clients are diverse and include households, companies and community schools. I use only environmentally friendly materials to avoid damaging the environment.

Loan Proposal

I intend to use this loan to buy an industrial strenght plain to be used on all my secondhand furnither

Income Source

I will ensure that I repay the loan by repaing more furniture and growing my customer base to increase revenue and profits. I will also use my savings if necessary to help repay the loan.

Feedback

None

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Loan Info

Project Type

Classic Loan

Disbursed amount

$15.99

Date disbursed

May 12, 2021

Repayment status

On Time

Projected term

2 weeks

Cost to entrepreneur

Service fee: 5% of $15.99 = $1.02

Credit risk payment: $4.07

Lenders

HH

Helen Horseman

United Kingdom

J

Jason

West Palm Beach, United States

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