5 weekly installments • 60%
Kennedy Bwalya is my name. I come from a family of 6 , three boys and three girls and the fourth born. I did my primary education at chikola in chingola then later finished my secondary edcuation at luwingu boarding school. At the time i was completing secondary school my father who was miner his contract expired and was not renewed. This became a challenge as there was no money to go college. I aksed for some capital from my family to start business and raise money for college and thats what am doing right now.
After there was a challenge of finding college fees, I asked for help my my family members who helped me with capital to start my own business. So I started selling groceries but now I sell household items , tables, carpets and so on. I have also enrolled for online studies where I am doing a business course. If am helped with enough capital I can do wonders.
I hereby apply for a loan amount K534 so that I order new stock and restock my shop. This will help me to have enough quantities to sell and my earnings will increase. I have a shop where I sell mainly household items such as carpets, tables, chairs, picture frames etc but i want to elctrical items such as kettles, prssing iron, fans etc
My items are on demand hence business is booming but I have little capital. The benefit from this loan is that my profit will increase.
Apart from selling in my shop I also have a mobile money booth within town centre so if the business faces risks, I can still get some money to repay from my other option
Jan 30, 2021
Cost to entrepreneur
Service fee: 5% of $25.47 = $1.65
Credit risk payment: $3.37
Optional expediting fee: $5.09