Help me grow my grocery business
Richard
Simunchembu, Zambia
100% repaid
Entrepreneur
Name
Richard
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
Positive
4
Neutral
None
Negative
None
Loan Info
Project Type
Classic Loan
Disbursed amount
$695.00
Date disbursed
Oct 20, 2017
Repayment status
On Time
Projected term
10 months
Lenders
United States
Jake Gibson and Beverly Picardo
San Francisco, United States
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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 | ||
Margaret Dec 29, 2018
Richard Jan 9, 2019
Mary Oct 12, 2017
Richard Jan 9, 2019
Margaret Oct 12, 2017
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