Selling second-hand clothing; foodstuff, etc.
Kasonde
Lusaka, Zambia
100% repaid
Entrepreneur
Name
Kasonde
Member since
July 2020
On-time repayments
14 installments • 21%
About Me
My name is Kasonde Mwila i was born 23rd April, 1991.Am the first born from the family of 5 3 girls and 32 boys.I went to st mary's secondary school were i completed my high school and obtained good school results that gave the opportunity to selected in College.I did achieve important goals due to hard work both at school and work.I started my business after attending a business work shop which motivated.Zambia is a land locked with beautiful water fall and wild life which is major tourist attraction in the world.I wish my children to emulate my achievement and successes so far which i have achieved in my life.
My Business
I have established a number of business entities in the city of Lusaka among these business, are restaurants,bars, retail shops, clothing business and fish farming.From these businesses i make fast income,The goods sale fast such as food staffs, beer,grocery goods, second hand clothing and also fish farming.All these businesses make good income because there is high demand and the price is affordable to my customers.My typical cost of these business is 30,000.00 ZMW and weekly i make a profit of 7000.00 ZMW to 8000.00 ZMW, hence i more additional capital to expand and ensure that i meet demand to all my customers.
Loan Proposal
I need additional capital to boost the businesses, i need to order stocks in all the outlets, for the restaurants i now need to increase food staffs, for the bar i need order more crates of beer because customers are on take away basis due to Covid 19 and the demand is very high, By satisfying demand i will be able to generate more profits and grow the business.
Income Source
My restaurant, the bar are operating on take away basis and there is good income being generated.As for grocery it has operating through out despite the corona pandemic i have been making a steady income including the fish selling, therefore with various sources of income i will be able to repay my loan on time again qualify for larger amount.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$54.00
Date disbursed
Aug 11, 2020
Repayment status
On Time
Projected term
1 week
Other loans
Lenders
Saint Paul, United States
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