Increase my clothing inventory

Edgar Katenga

Kitwe, Zambia

100% repaid

Entrepreneur

Name

Edgar Katenga

Member since

October 2020

On-time repayments

37 installments  •  49%

About Me

I started my primary education in kitwe at rokana primary school. My parents live in the live so i grew up with my auntie working for the council. During school holiday as kids at home we could go to help auntie at her shop in the market to sell clothes. i started having interest in business from there so when i couldnt do well in school and school fees were a bit of a challenge i started busines with help from my auntie. I order clothes from tanzania and sell them at my stand. The people around my area are good they like helping one another. In my free time i like reading business books.

My Business

I sell mainly ladies clothes and shoes. Ladies like fashion as compared to men so clothes for ladies are on demand. I sell quality clothes are good price. When ordering clothes i pay for transport and money transferring charges. Also i pay for security as they come on buses. When i make profit i use it for rent i also add more to my capital so my business keeps growing up.

Loan Proposal

I wish to thank all my lenders who helped me with the loan i have just finished paying. I am now applying for another loan to enable me expand my business by increasing my inventory of clothes and thereby making more profit. This loan will really help me as i have always been wishing to expand my business. I owe all my success to Zidisha and all my lenders, Once i make profit i use for rent and reinvest the rest in the business. I thank you in advance.

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Income Source

If my business face risks in the economy, I help in my other shops for my auntie so when business for me is not going well i help in selling in my aunties shop and make some money. My aunties shop is very big and she has assorted things apart from clothes there is also women hair and a barbershop. So business is there everyday. I am so trusted and everytime i work there i am paid very well so this is my other option.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$181.33

Date disbursed

Jan 16, 2021

Repayment status

On Time

Projected term

6 weeks

Cost to entrepreneur

Service fee: $11.06

Credit risk payment: $35.43

Optional expediting fee: $22.12

Lenders

D

dkapplerb

Toronto, Canada

B

bertvdlingen

utrecht, Netherlands

Freewolf

Salt Lake City, United States

D

daylin

Chicago, IL, United States

sderickson

Berkeley, CA, United States

BuckeyeBob

Ohio, United States

D

dscottprod

United States

H

hafsah1010

United Kingdom

PolarBearCapital

United States

Dave Bogard

New York, United States

W

Wade

United States

H

Hazel

United Kingdom

moursund

Beaver Nation, United States

Kevin

San Francisco, United States

C

cota

United States

Rory McLaughlin

Dallas, United States

MC

Mark Cowburn

United States

JV

Jose Vidal

New York, United States

Day Family

Melbourne, Australia

hervey liu

United States

NH

Nancy Hull

United States

The X2AI Team

San Francisco, United States

Diane U

Olympia, Wa, Usa, United States

L

Liam

New Zealand

Paul Buchheit

Mountain View, United States

Jane

Ontario, Canada

Darren Jeppson

Denver, Colorado, United States

Remo

Switzerland

C

Camm

Australia

DL

Daniel levy

United States

R

Roman

Germany

MN

Mike Newhof

Grand Rapids, MI, United States

GR

Gabe Radovsky

United States

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

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