Name
Charity
Member since
October 2016
On-time repayments
35 installments • 17%
my name is charity phiri.i was born in choma in 1978.i was born in a family of five and im the third born.i am a widow.my husband passed away in 2015.i have six children.two girls and four boys.its not easy raising six children especially after my husband died.my first born completed his high school education last year and he is waiting to go to college.my last born child is three years old.i went up to grade seven.my father died years ago when i was still in primary school and it was difficult for my mother to put me through school hence i dropped out of school and later got married.i live with all my six children.
my business is selling second hand shoes and clothes.i started this business three years ago.my husband was a taxi driver and his income was not enough to take care of our family.that is why i decided to start business.i usually get these items from lusaka and i sell them at the market in town where i have a small stand.the second hand clothes and shoes do sell alot because most people cannot afford to buy brand new clothes from stores.this business has really helped me to take care of my children.i would like to expand it so that i can pay for my sons college fees and that is why im applying for this loan.i dont usually get a lot of clothes.but when i get the loan il order a bail of clothes as well as shoes and this will give me good profit.
when i get the loan i will order a bail of second hand clothes.a bail of clothes costs $60.i will also order a bail of shoes which cost $60.on transport i use $20 to and from lusaka.in a bail of shoes theyr about 50 pairs of shoes and i sell shoes at $3 dollars a pair which gives me $150 for the whole bail.for clothes roughly i will raise about $150 from the bail.this means that i will be able to pay for my sons college fees as well as pay back the loan.i believe that the loan will take me to another level in my business and il be able to take care of my children.
Positive
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Neutral
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Negative
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Project Type
Classic Loan
Disbursed amount
$177.00
Date disbursed
Oct 31, 2016
Repayment status
Late
Projected term
8 months
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