Help me grow my grocery business

Richard Siafwa

Simunchembu, Zambia

100% repaid

Entrepreneur

Name

Richard Siafwa

Member since

October 2015

On-time repayments

165 installments  •  81%

About Me

I am Richard Siafwa. I am 52 years old. I have eight children. One has finished school but is lacking sponsorship. The other seven have not finished; they are just at home. Five are married. The other three are not yet married. One of these has finished school, and the other is in grade seven. I'm running a shop, but I would like to improve orders of my shop so that I can earn a better livelihood.
I was working for Zambia Railways in 2000, then with the money I got, I decided to start a shop because the wages were too low. I started the shop in 2003, and the shop is currently is open on daily basis. However, I am incapable to sell some products in the shop because I have lack of funds.

My Business

I sell drinks, cooking oil, salt, biscuits, soap, fabric, and other groceries. People use these things on a daily basis. I chose to have a shop because it is the fastest way to make money.
In a week, I may spend 1,000 kwacha. Once I sell those things, I will make about 200 extra.
I spend money on sending my children to school, farming, and buying more groceries to sell.

Loan Proposal

when i get the loan i will use the money to buy more stock for my shop.I will use $150 to buy a 100kg bag of rice.from this i will make a profit of $100.Then i will use $100 to order paint.il order 10*20 litres of paint.i sell a 20 litre of paint at $25 so il make $250 dollars.The rest of the money i will buy groceries for my shop

Feedback

4

None

None

  • Margaret    Dec 29, 2018

    The loan was paid back in a timely manner!

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  • Mary    Oct 12, 2017

    Richard is an excellent borrower. I would recommend loaning to him for any future loans.

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  • Margaret    Oct 12, 2017

    Richard paid off his loan perfectly, I would gladly lend to him again and encourage others to do the same.

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Loan Info

Project Type

Classic Loan

Disbursed amount

$694.62

Date disbursed

Oct 20, 2017

Repayment status

On Time

Projected term

10 months

Cost to entrepreneur

Service fee: $19.28

Lenders

W

Witlof

Tsukuba, Japan

ads68

Melbourne, Australia

Bobrm2k3

Charleston, United States

PG

Paul Graham

United States

Stephan W

Witten, Germany

M

Margaret

United States

Paul Buchheit

Mountain View, United States

A

Anonymous

United States

Daveycee

The Hague, Netherlands

JG

Jake Gibson and Beverly Picardo

San Francisco, United States

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

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Summary

Amount repaid

$694.62

Amount remaining

$0.00

Date repaid

Jul 18, 2018

Status

Fully repaid

Repayment History

Expected Payments Actual Payments
Oct 27, 2017 $15.94 Oct 25, 2017 $15.94
Nov 3, 2017 $15.94 Nov 3, 2017 $15.94
Nov 10, 2017 $15.94 Nov 3, 2017 $15.94
Nov 17, 2017 $15.94 Nov 10, 2017 $15.94
Nov 24, 2017 $15.94 Nov 17, 2017 $15.94
Dec 1, 2017 $15.94 Nov 24, 2017 $15.94
Dec 8, 2017 $15.94 Dec 1, 2017 $15.94
Dec 15, 2017 $15.94 Dec 8, 2017 $15.94
Dec 22, 2017 $15.94 Dec 14, 2017 $15.94
Dec 29, 2017 $15.94 Dec 22, 2017 $15.94
Jan 5, 2018 $15.94 Dec 29, 2017 $15.94
Jan 12, 2018 $15.94 Jan 12, 2018 $15.94
Jan 19, 2018 $15.94 Jan 12, 2018 $15.94
Jan 26, 2018 $15.94 Jan 27, 2018 $15.94
Feb 2, 2018 $15.94 Feb 4, 2018 $15.94
Feb 9, 2018 $15.94 Feb 9, 2018 $15.94
Feb 16, 2018 $15.94 Feb 16, 2018 $15.94
Feb 23, 2018 $15.94 Feb 23, 2018 $15.94
Mar 2, 2018 $15.94 Feb 23, 2018 $15.94
Mar 9, 2018 $15.94 Mar 16, 2018 $15.94
Mar 16, 2018 $15.94 Mar 16, 2018 $15.94
Mar 23, 2018 $15.94 Mar 23, 2018 $15.94
Mar 30, 2018 $15.94 Mar 23, 2018 $15.94
Apr 6, 2018 $15.94 Apr 6, 2018 $15.94
Apr 13, 2018 $15.94 Apr 6, 2018 $15.94
Apr 20, 2018 $15.94 Apr 20, 2018 $15.94
Apr 27, 2018 $15.94 Apr 29, 2018 $15.94
May 4, 2018 $15.94 May 18, 2018 $15.94
May 11, 2018 $15.94 May 18, 2018 $14.88
May 21, 2018 $1.06
May 18, 2018 $15.94 May 21, 2018 $15.94
May 25, 2018 $15.94 May 25, 2018 $15.94
Jun 1, 2018 $15.94 Jun 11, 2018 $15.94
Jun 8, 2018 $15.94 Jun 11, 2018 $15.94
Jun 15, 2018 $15.94 Jun 11, 2018 $15.94
Jun 22, 2018 $15.94 Jun 11, 2018 $15.94
Jun 29, 2018 $15.94 Jun 11, 2018 $15.94
Jul 6, 2018 $15.94 Jun 11, 2018 $15.94
Jul 13, 2018 $15.94 Jul 6, 2018 $15.94
Jul 20, 2018 $15.94 Jul 6, 2018 $15.94
Jul 27, 2018 $15.94 Jul 13, 2018 $15.94
Aug 3, 2018 $15.94 Jul 13, 2018 $15.94
Aug 10, 2018 $15.94 Jul 13, 2018 $15.94
Aug 17, 2018 $15.94 Jul 13, 2018 $9.57
Jul 16, 2018 $6.38
Aug 24, 2018 $9.03 Jul 16, 2018 $8.72
Jul 18, 2018 $0.32

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