Expanding my stock & start new business
Philip
Lusaka, Zambia
100% repaid
Entrepreneur
Name
Philip
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
$67.00
Date disbursed
Oct 7, 2020
Repayment status
On Time
Projected term
2 months
Other loans
Lenders
Summary
Amount repaid
$67.43
Amount remaining
$0.00
Date repaid
Nov 20, 2020
Status
Fully repaid
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Oct 17, 2020 | $0.00 | ||
| Oct 24, 2020 | $0.00 | ||
| Oct 31, 2020 | $0.00 | ||
| Nov 7, 2020 | $10.94 | Nov 4, 2020 | $10.94 |
| Nov 14, 2020 | $10.94 | Nov 4, 2020 | $10.94 |
| Nov 21, 2020 | $10.94 | Nov 4, 2020 | $5.33 |
| Nov 20, 2020 | $5.61 | ||
| Nov 28, 2020 | $10.94 | Nov 20, 2020 | $10.94 |
| Dec 5, 2020 | $22.48 | Nov 20, 2020 | $22.48 |
| Dec 12, 2020 | $1.20 | Nov 20, 2020 | $1.20 |
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