Electric inverter

Ganizani Lungu

Lusaka, Zambia

100% repaid

Entrepreneur

Name

Ganizani Lungu

Location

Lusaka, Zambia

On-time repayments

4 weekly installments  •  100%

About Me

My name is Ganizani lungu. I am a father of 2 a girl and boy and also a husband to a beautiful wife. I’m an entrepreneur and businessman. I grew up in chipata eastern province of Zambia. I went to school there and later completed my secondary school in Lusaka at Matero boys. I am the second son in a family of 4. I have older brother and two younger sisters. I first heard about the Zidisha loans from friends at a meeting and how it helped them expand their business and advised me to try it out.

My Business

I own and run a grocery store in kanyama and I have hopes of turning it into a wholesale store for most of my customers and clients. I am interested and involved in a series of businesses at the moment so my loan requirements will differ from time to time but my primary goal is to set up a wholesale store that retailers can order products from. This is to be done due to the vision I have of expanding the business. Iam also involved in meat and agricultural products supply like maize and groundnuts. The main objective with these Zidisha loans is to help me expand my business and vision for my future and that of my family. I intend to use the loans to buy equipments and business products to help in the supply chain of demand to my loyal and trustworthy customers in my community and country of Zambia. Thank you in advance for this great opportunity Zidisha team and lenders.

Loan Proposal

I’m applying for this loan to help me get some money to purchase an inverter for my electric appliances. Since I’m looking at providing solar power to my shop Incase there is no electricity I intend to keep my products fresh and cold and frozen by using solar power and an inverter connected to a battery will help me make that happen. That is the reason for my applying for this loan. I hope my lenders will trust and help me achieve this goal.

Income Source

The grocery store recently filled the shelves with new products. That means more customers will be serviced and more money will be raised from those sells to help cover for the loan costs.

Feedback

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Lenders

TomF925

www.AfricaLeap.com,  United States

Loan Info

Disbursed amount

$25.61

Date disbursed

Apr 23, 2021

Repayment status

On Time

Projected term

2 weeks

Cost of loan

Service fee: 5% of $25.61 = $1.27

Credit risk payment: $3.58

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