Increase stock in my shop

Kennedy Bwalya

Chingola, Zambia

100% repaid

Entrepreneur

Name

Kennedy Bwalya

Location

Chingola, Zambia

On-time repayments

5 weekly installments  •  60%

About Me

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.

My Business

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.

Loan Proposal

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.

Income Source

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

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$25.47

Date disbursed

Jan 30, 2021

Repayment status

On Time

Projected term

1 week

Cost to entrepreneur

Service fee: 5% of $25.47 = $1.65

Credit risk payment: $3.37

Optional expediting fee: $5.09

Lenders

Daniel

Brussels, Belgium

BrianHibbs

South Bend, United States

MalcolmL

San Francisco, United States

CN

Craig Newmark

United States

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