Expanding my clothes shop

Ian Chishala

Kitwe, Zambia

100% repaid

Entrepreneur

Name

Ian Chishala

Location

Kitwe, Zambia

On-time repayments

31 weekly installments  •  61%

About Me

My names are Ian Chishala. I was born in 1979 in mansa in a village in zambia. Life in the village was very tough. i started my grade 1 and was walking about 10km every day. I went up to grade 9 then couldnt continue as life was tough no support. My parents are peasant farmers so not enough money. That challenge made me stop school so i came to mufulira where i lived with my mother's sister then later i started stayin alone. I realised mufulira is near a congo border and women like chitenge materials so i started business of buying chitenges from congo and selling at a stand. I am married with one child who wants to become a pilot in future.My hobby is going to church.

My Business

My business is selling chitenge materials and these are original material and women like them a lot so they are on demand. And that is why i chose this business. My typical cost is transport and pieces of chitenge material. I spend ZMW7,500 to buy 30 pieces of chitenge material and transport ZMW500. When i sale i make profit and buy food and pay school fees for my child.Sometimes i put back profit in my business.

Loan Proposal

I thank my lenders for the opportunity to apply another zidisha loan .I sell different types of material but most chitenge and African materials especially for women. i want to expand my shop by stocking up more clothes and the target is Christmas time. I usually sell alot during Christmas time so i have to be ready.Women in my country like these chitenge materials because they look nice in them. My business has improved after my first loan with zidisha it is no longer the same am so happy. When am given this loan my business will increase by maybe 15% in my business and the profit I make I will buy food for children at home.

Income Source

At the market I am in a group of men and we have formed a group called chilimba. We contribute money together and when a member has a problem you get then you after 1 month at a very small fee so I can get some money from there. Apart from that I have 2 shops one in kitwe and another in mufulira so I can easily raise money and pay for my loan. My materials are on very high demand by women and men also especially that they are African materials. I also save some money for future challenges in my savings account at the bank so I can not have difficulty to pay

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$123.48

Date disbursed

Nov 30, 2020

Repayment status

On Time

Projected term

6 weeks

Cost to entrepreneur

Service fee: $13.78

Credit risk payment: $15.19

Optional expediting fee: $13.78

Lenders

A

aaronmcmurray

SLC, UT, United States

R

Raabo

Rungsted, Denmark

C

CThelper

Guilford, United States

C

chkuo

Taipei, Taiwan

eagle3

Grand Ledge, United States

V

vamPierchen

Luxembourg, Luxembourg

S

SeeBiscuit

Reston, United States

J

jgillard

Winchester, United Kingdom

MakeSense

-, St. Kitts and Nevis

C

crpwme

Philadelphia, United States

C

codairem

Berkeley, United States

J

jasonbronowitz

Tempe, United States

L

ldworld

Idaho, United States

Z

Zippo

Berlin, Germany

ReducedFat

Lake Forest, United States

G

glomardor

Leonardtown, United States

M

Mark

Melbourne, Australia

E

eirccharrie

Cupertino, United States

J

jackplum

Fishers NY, United States

G

gamblyjoe

Spain, Spain

F

Fish42

Fairfax Station, United States

isabelv

Barcelona, Spain, Sweden

S

SnifferTheBunny

Brighton, United Kingdom

J

jumpfunky

Dortmund, Germany

C

Collective

Tulsa, United States

D

dj9812

United States

Arjan Geven

Vienna, Austria

1

1prevo

Slovakia

D

davecas

United States

J

jbhernan

United States

H

Heath

United States

N

Nicolaas

Doha, Qatar

M

Madtowner

United States

stephen sontag

Narragansett, United States

Jonas

Switzerland

PT

Pattie Thomas

United States

Deb Fox

Melbourne, Australia

K

Kyle

Durban, United Kingdom

A

As

United States

CN

Craig Newmark

United States

Zimei

United States

RT

Ravi Taxali

Markham, Canada

Utahna

United States

EJ

Ewan Jones

Bristol, United Kingdom

AS

Ant Sal

United States

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