Increase stock of clothing
Joseph
Kitwe, Zambia
$0 to go
100% funded of $273 goal
0
days left
Entrepreneur
Name
Joseph
Member since
December 2020
On-time repayments
14 installments • 57%
About Me
Hello lenders, my name is Joseph Mambwe and I am 18 years old . I am the first born in a family of 3. Most young men at my age would be in college by now but am doing business because i have to support my two siblings. I lost my two parents in a road accident when I was 15 and I couldnt continue in school but took up the business my parents were running.
My Business
I sell sewing materials and clothes in my shop.My parents died when I was 15 and left a shop where they were selling clothes and this was their main source. I stopped and continued to run this business and there has been an improvement. With more funding I can do even better. The cost i face is transport when buying materials for sale.All the profits from this shop goes to paying school fees for my two siblings.
Loan Proposal
I really want to thank my lenders for lending me. I now apply for K5,801.00 to help me buy more clothing for my shop. i will buy assorted types of clothes for women, men and children and am expecting to make profit of 20%. The profit I will make will go towards paying for school fees for my siblings.
Income Source
The shop where I sell also has a space for a tailor .Then I also sell clothes and sewing materials for school uniforms and these very good quality. The demand is high so sell everyday.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$273.00
Date disbursed
Feb 24, 2021
Repayment status
Late
Projected term
6 weeks
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