Increase stock in my shop

Kennedy

Chingola, Zambia

100% repaid

Entrepreneur

Name

Kennedy

Member since

December 2020

On-time repayments

5 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

1

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Loan Info

Project Type

Classic Loan

Disbursed amount

$25.00

Date disbursed

Jan 30, 2021

Repayment status

On Time

Projected term

1 week

Lenders

Daniel

Brussels, Belgium

BrianHibbs

South Bend, United States

MalcolmL

San Francisco, United States

CN

Craig Newmark

United States

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  • Veronica    Jun 19, 2021

    I called and spoke to Kennedy once he said he plans to start repaying next week, thank you.

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  • Veronica    May 9, 2021

    I called and spoke to Kennedy he plans to repay to start repaying the loan next week, thank you.

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  • Veronica    Mar 10, 2021

    I spoke to Kennedey and I have advised him to adjust his weekly repayments since his business is a bit slow at the moment.Thank you

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  • Kennedy    Feb 11, 2021

    I thank my dear lenders for this loan,i will be able to order solar lamps for sale in my shop. I will have additional profit on top of the other items i sell. Thanks

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  • Kennedy    Feb 11, 2021

    i thank all you lenders , the loan you gave me i bought new stock of items for my shop and profit has increased by about 10%. So the loan has really helped me.

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  • Kennedy    Feb 7, 2021

    I received a total of 375 ZMW and this loan I will use for increasing stock in my shop. Thank you very much.

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  • Kennedy    Jan 28, 2021

    I want to thank my lenders for the support you gave me by giving me a loan. I was able to buy cutlery which i have been able to sale and customers have paid me and i have also maned to repay my loan.

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  • Kennedy    Jan 16, 2021

    i received K274 and i want to thank all my lenders. I will use the loan to buy cutlery for sale in my shop. Thank you very much.

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  • Kennedy    Jan 1, 2021

    I have received K171 and am thankful to Zidisha for your assistance. I will use the loan to buy new stock in my shop. Thank you.

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