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, first to grow my credit limit so that i can get a bigger amount to stock up my shop, i also plan to employ more people as i prepare for my bar

Income Source

In my current country, most business have been reopened and people are slowly getting used to the new normal. As such, i have also increased my operating hours (opening/closing) times for the business in order for me to recover from the lock down.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$16.33

Date disbursed

Nov 25, 2020

Repayment status

On Time

Projected term

1 week

Cost to entrepreneur

Service fee: $1.77

Credit risk payment: $1.42

Lenders

Babbitt Family Foundation

Sioux Falls, SD, United States

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