Expanding the food business

Mwamba

Lusaka, Zambia

100% repaid

Entrepreneur

Name

Mwamba

Member since

April 2019

On-time repayments

32 installments  •  66%

About Me

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

My Business

Buying and reselling food stuffs, clothes and household appliances. I have expanded and opened up a small shop for cosmetics

Loan Proposal

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..

Income Source

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.

My Videos

Mar 30, 2021: Mutale mwamba grocery business

Feedback

2

None

None



Loading...

Loan Info

Project Type

Classic Loan

Disbursed amount

$159.00

Date disbursed

Dec 6, 2020

Repayment status

On Time

Projected term

4 weeks

Lenders

JessieD

Alexandria, Va, United States

M

mariamfula

United States

H

Heather

United States

M

Margaret

United States

L

Lisa

United States

M

Melissa

United States

Black and White Zebra

Vancouver, Canada

Emily

Henderson, United States

MJ

Munn janet

United Kingdom

CC

Chris Cione

United States

Ask Mwamba a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.

Loading...

Loading...

Loading...