I need funds to expand our business and buy more materials

Edina Mumba

Lusaka, Zambia

100% repaid

Entrepreneur

Name

Edina Mumba

Member since

April 2017

On-time repayments

142 installments  •  25%

About Me

We are designers, me and my sister, we work hand in hand to design beautiful dresses for ladies. We have a shop as our designing place, and we have orders from all corners of lusaka, and we still need more materials for the same, i think few meters of clothes will do us good.However, this time around i expand the business and open another in the second class town of Lusaka city.Our country is beautiful and wonderful since independence there has not been any civil wars.Zambia has 73 tribes and every tribe has different culture and ceremonies in there chiefdoms and that are cerebrated yearly.Instance in our tribe we cerebrate ncwala ceremony and we ware the leopard which is a symbol of our cultural norms.My and I we wish our children to have better education for higher job in future

My Business

We design and sale our beautiful dresses at our shop and receive orders to design more for special occasions.This time we to expand and buy more material for making school unifroms targeting schools in the city of Lusaka.Thereby maximize our profits for future investmets,However we want to engage the government defence force to design badges and uniforms and also private companies who dress codes more especially work suits in food production industries, this will help us grow and become no. One designers in the city of Lusaka where alot business activities take place.However our business has grown now and we need another shop to rent because we want to buy a laundry machine and another tailoring machine so we can create jobs for the youths to work at our new shop due the growth of our Business.

Loan Proposal

I need atleast USD 70 to inject in the business to grow the business and buy more material to beging making school uniforms.We have already targeted the schools in the city of Lusaka.So that we begin manufacturing school uniforms, order have placed already from different schools.This will create more business and generate more income to sustain the business and also sort out our family issues.

Feedback

2

None

1

  • David    Jun 10, 2020

    Made a few payments early on, but has not been heard from since March 2018. In June 2020, I finally gave up and transferred the loan to the Zidisha Members Loan Fund.

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  • David    Jan 1, 2018

    Loan was originally scheduled to take 14 months to repay. Instead a final payment was made in less than three months. Good luck for your continued success.

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    • Edina Mumba    Jan 2, 2018

      Thank you very much Mr David, am very glad to hear from you, My business is growing steadily and for this loan that am fundraising i want to open another shop, hence i need to buy a new machine and the new laundry machine for more income generation.

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  • Margaret    Dec 30, 2017

    Edina paid her loan back in a timely manner, I would gladly lend to her again and encourage others to do the same!

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    • Edina Mumba    Jan 1, 2018

      Am very thankful Madam Margaret for recognising us again, we really appreciate you for supporting us.Am gladly that you have came on board to fund my loan and becauseof your support my business enterprise is growing steadily and if this loan gets funded am planning to buy another machine for tailoring and designing and the laundry machine for another shop in town which will also allow us to employ two people as shop assistance.Thanking you madam Margaret in advance

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Loan Info

Project Type

Classic Loan

Disbursed amount

$134.74

Date disbursed

Aug 8, 2017

Repayment status

On Time

Projected term

25 months

Cost to entrepreneur

Service fee: $3.43

Lenders

E

Edijac

Strombeek-Bever, Belgium

B

bscent

Hong Kong

Tanya

Nelson, New Zealand

PG

Paul Graham

United States

Ramon Maghsoudi

San Francisco, United States

Craig Newmark

United States

Humble Bundle Community

San Francisco, United States

JA

Joshua Axtell

United States

Paul Buchheit

Mountain View, United States

A

Anonymous

United States

Gretchen Reibold

Port Royal Sound, United States

CN

Craig Newmark

United States

Francesca

Scotch Plains - New Jersey, United States

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