Entrepreneur
Name
Lillian
Member since
December 2017
On-time repayments
16 installments • 88%
About Me
IM LILLIAN CHIKOTI, I DID MY PRIMARY AND SECONDARY SCHOOL ON THE COPPERBELT. I DID MY AGRICULTURE COURSE HERE IN LUSAKA. THEN I DID MY SOCIAL WORK AT THE UNIVERSITY OF ZAMBIA. I AM CURRENTLY RUNNING A PROJECT FOR ORPHANS AND VULNERABLE CHILDREN. I AM A MOTHER OF TWO AND SIX GRAND CHILDREN. I AM A WIDOW AND I JUST SET UP A SMALL BUSINESS TO SUSTAIN ME AND MY FAMILY. I NEEDED MORE CAPITAL TO HELP IN THE GROWTH OF THE BUSINESS. I LOVE TO GO OUT IN MY COMMUNITY AND IDENTIFY WAYS IN WHICH I CAN ASSIST THE VULNERABLE PEOPLE AND CHILDREN.
My Business
MY SOURCE OF INCOME IS MAINLY FROM THE SMALL BUSINESS THAT I AM RUNNING. I AM TRADING IN DIFFERENT TYPES OF GOODS AND SERVICES. I SELL GROCERIES, FOOD STUFF AND BEAUTY PRODUCTS. I IDENTIFIED THAT PEOPLE IN MY AREA HAD TO TRAVEL FAR TO OBTAIN THESE GOODS AND SERVICES. I USUALLY HAVE TO PAY RENTALS FOR THE PLACE I AM USING FOR TRADING AS I HAVE NOT BOUGHT MY OWN YET. THE PROFITS I GET ARE USED FOR SCHOOL FEES AND UPKEEP AT HOME. ANY EXTRA GOES TO HELP THE VULNERABLE AND INVESTMENTS.
Loan Proposal
I run a grocery store and I would like to expand it by getting more inventory. with this loan I will buy more stock for my shop and it will also help increase my profitability. My profitability will increase by 30%. the profits I get will be used for reinvestment and also to support my children who are in school. I also have orphans who I support as I am running a small orphanage. I will greatly appreciate if my loan is funded.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$25.00
Date disbursed
Feb 23, 2018
Repayment status
On Time
Projected term
1 week
Other loans
Lenders
Luxembourg
Australia
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Peter Waldie Mar 13, 2018
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