I need more capital for improvement

Vivian

Lusaka, Zambia

100% repaid

Entrepreneur

Name

Vivian

Member since

July 2020

On-time repayments

19 installments  •  47%

About Me

My name is Vivian Phiri i was on 14th April, 1985.I completed my high school education.I come from the family of 3 being three boys and i girl.I went to Fair View School of Hotel and Catering and graduated with Diploma.Through Youth Empowerment fund i did set up my own small business which am running at the moment with to grow and expand the business.

My Business

I ran a grocery and i a variety of goods and these are mostly basis house hold goods. The goods are on demand and sell fast because people consume nearly every day.I choose this business because i sell fast and make profits within a short time.The profits made are i use to improve the standard of living and grow the business.It is also from the same business that i help my children to pay school and other school requirements.For instance when i order goods worth ZMK 15000, am able to make ZMK 3000 as profit.

Loan Proposal

Am requesting for the loan to boost or improve the business in my grocery.I need to purchase stock that has out of stock for sometime due to the novel corona virus.This will create me more profits and improve the business.Since i have been making K 700.00 weekly profits take home , am expecting to net at least K 1200.00.

Income Source

My grocery business has not been affected at all because customers come and buy their essential goods only while sanitizing, washing their hands and of course wearing face masks.Therefore, am able to generate steady income and i will be able to repay my loan on time.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$19.00

Date disbursed

Jul 14, 2020

Repayment status

On Time

Projected term

1 week

Lenders

Paul Buchheit

Mountain View, United States

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