12 weekly installments • 50%
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.
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.
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.
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.
Feb 24, 2021
Cost to entrepreneur
Service fee: 5% of $273.60 = $18.45
Credit risk payment: $59.04
Optional expediting fee: $36.90