31 installments • 61%
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 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.
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.
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
Nov 30, 2020
Cost to entrepreneur
Service fee: $13.37
Credit risk payment: $14.73
Optional expediting fee: $13.37