I need funds to expand my business urgently

Bitneko

Kazembe, Zambia

100% repaid

Entrepreneur

Name

Bitneko

Member since

July 2017

On-time repayments

43 installments  •  12%

About Me

My name is Bitneko Sinyangwe i was 10th September, 1987 in the Luapula Province of Zambia.As a child education was not easy for me i had no to send me to school.My parents died when i still a baby.i was kept by my grandmother.who was growing cassava and groundnuts just for consumption and not sale.When years go by i grew and relocated to the copperbelt of zambia to look for some peace of work.I working as bus conductor moving from city to city until i independent.I did find a small shop and started runung a barbershop.At the moment i have one shaving machine which is not enough for me to manage customers thatwalk in barbershop to the hair cut done.When i of affordable loan with zidisha from my colleaque Felix Mwewa i got interested decided to apply so that i can raise more funds to maintain barbershop,buy two machine and the glassmirrors .Our country is peaceful and nice live in since independence there has been no civil wars.So far as compared to other nations of Africa our country zambia has been declared a christain nation.During my pastime i love watching local and i support Kabwe Warriors which is the central part of zambia once called Broken Hill town because of its historical background.

My Business

i ran the barbarshop and i only provide service such hair shaving only.I choose this type service because the area i live in is outskirt of town,hence most people do not have access of the saloon or Barber shop.Hence this service is on demand.The typical cost for me is just USD 12 and my profit margin is just UDS 4.Once i generate some profits used them to pay rent and some i save to expand business

Loan Proposal

i just need USD 20 to help an extra machine and glassmirrors for barbershop to look classic and attract more customers.The will help me generate more customers eventually increase my income level.At least if invest this funds i should able to to net USD50 or USD 65.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$12.00

Date disbursed

Aug 1, 2017

Repayment status

On Time

Projected term

4 months

Other loans

Lenders

Bart Vogelzang

Ladysmith BC, Canada

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