Expansion of a restaurant

Mica

Kalulushi, Zambia

27% repaid

Entrepreneur

Name

Mica

Member since

October 2015

On-time repayments

24 installments  •  17%

About Me

I was in a family of 5,i happen to be the third born.i was in 1978 i started school in the year 1985 at. Ganerton. Primary in kitwe then went to mindolo secondary that's where i did my junior secondary that's then we moved to ndola when my father died and i made it to grade 10 i was accepted at kasenshi secondary and finished there.I did not have the privelledge to go to college just after school due to lack of financial problems.Thank God i managed to get married to a kind man though he did not have enough money to take me back to school so he gave me a small amount of money to start a business so that i can take me to school.i started selling fritters eventually i thought of opening a small restaurant and managed to save money for my school.God has blessed me 3 children my first born is in grade 11 and my second is a girl doing 6 the youngest is also a girl doing grade 5.my children are so bright in school just my wish their dreams will come true.the boy always dreams of being a pilot while one of the girls wants to be a lawyer like the father one thinks of taking my career as a teacher.during my spare time i like cooking new dishes,i like to make my dishes,i like learning new things i like adventure

My Business

I run rastaurent in a convinuet location we offer food stuffs da tea nshima as well as fast foods
I prefer food besiness to any other business because one can not stay away from eating no matter how the situation is we must eat but if the economy is on your neck you can do away with cloths just manage the ones u have already so even when things are bad people still wants to eat the location of our eatin place is also an advantage mostly we deal with traders who do not manage to go home to eat then come back to the market to sell so they make oders then we deliver at the place were they are selling and so we manage to make sells we our biggest cost we encuonter is electricity as well as wter. We thank God dispite these costs we able to make profit which stans as to pay for the childrens educstion and again reinvest back into business by bring in new ideas.

Loan Proposal

I want to invest money into the current business am running once am given the money i want to buy raw materials like like mealie meal also sugar and pototes and many more a bag of mealie meal costs about six dollars whereby a 10kg bag of sugar costs 8$ while a bag of pototes costs 3$ so if help me obtain the loan it will sustain me because i will manage to buy things that are essential in running our business.this will enable me to meet my customers demand because I'll be able to prepare food in good time unlike the current situation where i have to order every morning this makes my process slow. I'll be able to make 40% increment this will achievement will be very good for my business.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$150.00

Date disbursed

Oct 30, 2015

Repayment status

Late

Projected term

5 months

Lenders

R

rmacaw

Australia

BF

Bob Fitzjohn

Fontvielle, Monaco, Yemen

A

Awesomeness757

United States

mepster

San Francisco, Ca, United States

T

thedan33

Czech Republic

V

Vivek

Arlington, VA, United States

PG

Paul Graham

United States

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