Expanding my stock & start new business

Philip Nthani

Lusaka, Zambia

100% repaid

Entrepreneur

Name

Philip Nthani

Member since

September 2020

On-time repayments

18 installments  •  67%

About Me

Am Philip from Lusaka, although i have lived in Choma, Chingola, Kitwe & Kapiri before. I have been unlucky finding work/ employment in that i mostly just work for a year or 2. Until i started my own business back in Choma & moved it into Lusaka where i am now.
I understand i can only progress if i take risks, hence i need to increase my business by 110%.
Currently my business has been steadily growing because of the loans i have been getting from ZIDISHA, am a living testimony of how ZIDISHA is slowly changing my business.

My Business

My business is mostly trading, i sale groceries & am hoping to open a Bar if i can raise enough capital.

Loan Proposal

I plan to use this loan to grow my capital, hence buy more new stock & allow me to open a better bigger business that i have been planning of running a big bar.

Income Source

My current business has not been affected much by the current activities & in our country, most activities have been normalized already, still i plan to reduce all unnesseray expenses & reduce some of my other expenses. Plus more cash injections simply means i can buy more inventory hence increased sales which lead to increased profits.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$67.43

Date disbursed

Oct 7, 2020

Repayment status

On Time

Projected term

2 months

Cost to entrepreneur

Service fee: $7.28

Credit risk payment: $7.28

Lenders

John Minges

United States

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