Name
Mwamba
Member since
April 2019
On-time repayments
32 installments • 66%
My business involves lending people items and collect the funds after an agreed period. I have expanded by opening up a small shop for cosmetics
Buying and reselling food stuffs, clothes and household appliances. I have expanded and opened up a small shop for cosmetics
This loan amount will help me order food items to stock my shop. The food business is lucrative during this rain season. This is so because most food items, especially grains are now running in short supply. The other reason is that because of the poor access roads in the production areas making is difficult for most of the competitors to reach these areas and order the goods. Storage is also another challenge for the food business because they require to be mixed with grain storage chemicals. This exercise require some level of expertise, which other competitors may not have, giving me at an advantage..
I will use part of my salary to pay back this loan should there be challenges. I am a full time employee with the government and i earn a salary at every month end. Be a government employ gives me the ability to be able to pay back my loan even when my business is not doing very well.
Mar 30, 2021: Mutale mwamba grocery business
Positive
2
Neutral
None
Negative
None
Project Type
Classic Loan
Disbursed amount
$159.00
Date disbursed
Dec 6, 2020
Repayment status
On Time
Projected term
4 weeks
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Kirk Moore Mar 27, 2021
Margaret Jan 5, 2021
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