Fuel for my car hire business

Moses Mashoko

Lusaka, Zambia

100% repaid

Entrepreneur

Name

Moses Mashoko

Member since

November 2020

On-time repayments

36 installments  •  56%

About Me

My name is Moses Mashoko. I live in Lusaka's Chelston area. I am married to a Patricia and together we have three children.

Patricia works as a nurse at one of the local clinics. I am a businessman who hires out motor vehicles to individuals and companies.

Due to the Covid-19 pandemic, transport business has been slow, so I used some of the money which I borrowed from Zidisha lenders to open a grocery store.

My Business

My main business is selling household goods in my Shop which is located in Chelston township.

I sell various types of household goods, such as cleaning detergents, foodstuffs and soft drinks.

Loan Proposal

I plan to use the loan to purchase fuel for use by the five vehicles which I own and which have been hired by clients to various destinations.

I have an account with one of the best fuel service operators in the city and I will draw the fuel when needed.

Fuel is an expense to my business and so I plan to stock up on our fuel supplies so as to provide efficient services to our clients.

Income Source

My car hire business is doing well and I expect the business to continue doing well as many more clients continue to travel.

This is why I plan to stock up on fuel for my business. Thank you.

My Videos

Feb 15, 2021: To purchase goods for my shop

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$293.63

Date disbursed

Jan 7, 2021

Repayment status

On Time

Projected term

3 months

Cost to entrepreneur

Service fee: $17.92

Credit risk payment: $68.15

Optional expediting fee: $35.85

Lenders

S

soren

Göteborg, Sweden

C

cjmenchaca

Austin, United States

Bobrm2k3

Charleston, United States

Paul Buchheit

Mountain View, United States

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