Doormat & handbag sales

Jenny Banda

Kitwe, Zambia

100% repaid

Entrepreneur

Name

Jenny Banda

Location

Kitwe, Zambia

On-time repayments

20 weekly installments  •  45%

About Me

My name is Jenny Banda. I am a small scale business woman currently living in Kitwe which is a city on the Copperbelt in the northern part of Zambia. I am a very hardworking, honest and ambitious person. I want to keep growing my business to include a variety of door and floormats and also support the women mat weavers who are my suppliers.

My Business

I am a small scale entrepreneur who supplies different kinds of doormats to individuals in homes and to institutions such as schools. I have grown my business from just selling a few mats to supplying a variety of doormats to different clients. With more access to credit I intend to expand the business into supplying floors mats as well in order to increase my revenues and profits.

Loan Proposal

I intend to use this loan to order more doormats and a new line of weaved handbags for women. This will extend my product line for my customers and also ensure that I always have products to sell when the doormat production delays.

Income Source

I intend to increase sales with the introduction of a new line of hand woven handbags for women. This will ensure I have more revenue and profits to settle my loan. I will also use my personal savings to help pay the loan if necessary.

Feedback

2

None

None

  • Bryce Schubert    May 25, 2021

    It was great working with Jenny, I highly recommend lending to her. Wishing you success in expanding your business!

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  • Sabrina    Apr 13, 2021

    Jenny paid the loan back weeks before it was due. I would lend to her again and wish her good luck for all her future projects.

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Loan Info

Project Type

Classic Loan

Disbursed amount

$116.24

Date disbursed

Jun 2, 2021

Repayment status

On Time

Projected term

6 weeks

Cost to entrepreneur

Service fee: $7.81

Credit risk payment: $39.04

Lenders

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Ed Hendrickson

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Hemant Mehta

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Jan

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