Children's clothing business

Faith

Chipata, Zambia

10% repaid

Entrepreneur

Name

Faith

Member since

September 2016

On-time repayments

87 installments  •  6%

About Me

I am a business minded lady, Zambian citizen aged 23, a mother of two children - a boy and a girl. I am a daughter of Mr and Mrs Gabriel Chimalo, we were born two girls. My father died when I was 5 years old and by then I was still doing pre-school, so my mother a widow supported me from grade 1 upto grade 12 but I didn't write grade 12 examination due to the fact that by the time I was supposed to pay the examination fee my mother - the bread winner was sick, hence no one came in to pay for my examination and that was how I stopped school. After I stopped school without knowing what to do I found myself married at the age of 20. That is when I saw life to be unfair, when I gave birth to my second child a son, by the time my son was two months old my husband was accused of being involved in drugs and was charged 10 months imprisonment from April, 2016. And I was left alone with my two kids, I started business with little capital that I had, but because I had so much needs that time, was difficult for my

My Business

From the very inception of my business I have been selling clothes of different types. I like selling children's second hand clothes Commonly known in our local language SALAULA meaning CHOOSE and GET. Children clothes sell like hot cakes and have more profit.

A clothe for a child sale at $2.5 each and when I invest $140 to buy a bell of children's clothes, after selling I will make a profit of 100%. Initially I use the profit to sustain my small family and occasionally prepare food for my husband who is in prison. And when I am funded by Zidisha I am planning to use part of the profit to send my children to school, reinvest in growing the business and I will send myself back to school.

Loan Proposal

When I am funded by lenders I will use the loan money as follows:

1. I will buy a bell of children's clothes at $140
2. Transport at $30

This business and the profit that I will make will greatly help me continue my education and send back my child to school. And I am expecting to make 100% profit with this business.

Feedback

None

None

None

Loan Info

Project Type

Classic Loan

Disbursed amount

$184.00

Date disbursed

Oct 6, 2016

Repayment status

Late

Projected term

20 months

Lenders

T

Tmann

Los Angeles, United States

ErikN

Stockholm, Sweden

M

mkfiddler

Santa Barbara, United States

BF

Bob Fitzjohn

Fontvielle, Monaco, Yemen

Treesforpeople

Oxfordshire, United Kingdom

dlpringle

Denver, United States

Matching Fund

Sterling, United States

Matt B

Stratford Upon Avon, United Kingdom

Lotus Flower

United States

PG

Paul Graham

United States

Taylor

Memphis, United States

Thomas

Sweden, Sweden

Craig Newmark

United States

The Zinc Team

San Francisco, United States

SH

Stephanie He

United States

Humble Bundle Community

San Francisco, United States

Tilman Schweitzer

Mainz, Germany

A

Anonymous

United States

HCPSPIRIT

Helsinki, Finland

A

Anonymous

United States

A

Anonymous

United States

JF

Jason Florida

United States

Paul Buchheit

Mountain View, United States

JG

Jake Gibson and Beverly Picardo

San Francisco, United States

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

Loading...

Summary

Amount repaid

$18.37

Amount remaining

$164.18

Expected completion

Jun 17, 2018

Status

Repaying late

Installment amount

$2.04

Repayment History

Expected Payments Actual Payments
Oct 16, 2016 $6.12 Oct 15, 2016 $6.12
Oct 23, 2016 $6.12 Oct 22, 2016 $6.12
Oct 30, 2016 $0.00
Nov 6, 2016 $0.00
Nov 13, 2016 $2.04 Nov 13, 2016 $2.04
Nov 20, 2016 $2.04 Nov 28, 2016 $2.04
Nov 27, 2016 $2.04 Dec 4, 2016 $2.04
Dec 4, 2016 $2.04
Dec 11, 2016 $2.04
Dec 18, 2016 $2.04
Dec 25, 2016 $2.04
Jan 1, 2017 $2.04
Jan 8, 2017 $2.04
Jan 15, 2017 $2.04
Jan 22, 2017 $2.04
Jan 29, 2017 $2.04
Feb 5, 2017 $2.04
Feb 12, 2017 $2.04
Feb 19, 2017 $2.04
Feb 26, 2017 $2.04
Mar 5, 2017 $2.04
Mar 12, 2017 $2.04
Mar 19, 2017 $2.04
Mar 26, 2017 $2.04
Apr 2, 2017 $2.04
Apr 9, 2017 $2.04
Apr 16, 2017 $2.04
Apr 23, 2017 $2.04
Apr 30, 2017 $2.04
May 7, 2017 $2.04
May 14, 2017 $2.04
May 21, 2017 $2.04
May 28, 2017 $2.04
Jun 4, 2017 $2.04
Jun 11, 2017 $2.04
Jun 18, 2017 $2.04
Jun 25, 2017 $2.04
Jul 2, 2017 $2.04
Jul 9, 2017 $2.04
Jul 16, 2017 $2.04
Jul 23, 2017 $2.04
Jul 30, 2017 $2.04
Aug 6, 2017 $2.04
Aug 13, 2017 $2.04
Aug 20, 2017 $2.04
Aug 27, 2017 $2.04
Sep 3, 2017 $2.04
Sep 10, 2017 $2.04
Sep 17, 2017 $2.04
Sep 24, 2017 $2.04
Oct 1, 2017 $2.04
Oct 8, 2017 $2.04
Oct 15, 2017 $2.04
Oct 22, 2017 $2.04
Oct 29, 2017 $2.04
Nov 5, 2017 $2.04
Nov 12, 2017 $2.04
Nov 19, 2017 $2.04
Nov 26, 2017 $2.04
Dec 3, 2017 $2.04
Dec 10, 2017 $2.04
Dec 17, 2017 $2.04
Dec 24, 2017 $2.04
Dec 31, 2017 $2.04
Jan 7, 2018 $2.04
Jan 14, 2018 $2.04
Jan 21, 2018 $2.04
Jan 28, 2018 $2.04
Feb 4, 2018 $2.04
Feb 11, 2018 $2.04
Feb 18, 2018 $2.04
Feb 25, 2018 $2.04
Mar 4, 2018 $2.04
Mar 11, 2018 $2.04
Mar 18, 2018 $2.04
Mar 25, 2018 $2.04
Apr 1, 2018 $2.04
Apr 8, 2018 $2.04
Apr 15, 2018 $2.04
Apr 22, 2018 $2.04
Apr 29, 2018 $2.04
May 6, 2018 $2.04
May 13, 2018 $2.04
May 20, 2018 $2.04
May 27, 2018 $2.04
Jun 3, 2018 $2.04
Jun 10, 2018 $2.04
Jun 17, 2018 $0.92

Loading...