Expanding my stock & start new business

Philip Nthani

Lusaka, Zambia

100% repaid



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.





Loan Info

Project Type

Classic Loan

Disbursed amount


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


Babbitt Family Foundation

Sioux Falls, SD, United States

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Amount repaid


Amount remaining


Date repaid

Nov 28, 2020


Fully repaid

Repayment History

Expected Payments Actual Payments
Dec 5, 2020 $16.33 Nov 28, 2020 $16.33