Esther
Lusaka, Zambia
100% repaid
Name
Esther
Member since
September 2020
On-time repayments
58 installments • 29%
My name is Esther Theo. I am a small scale retailer . I started out 3 years ago when I wasnt able to find employment after I graduated from University to support my parents and my 4 adopted children. I saw the need to open a grocery store in my area because there was none. We had to go far just to look for a shop that sells groceries. My aim was to give back to the community what it gave to me growing up. I started up with a very small hand made shop and then as I grew my revenue I was able to pay for rent in a bigger shop.
My business is a retail grocery store were I sale house hold groceries and food stuff. My business supports me and my family. Now that schools are open, it will boost my revenue and enable me to pay for my children's school fees and supplies. They mean everything to me, and I really want to give them good quality education to secure their future. I plan on expanding my retail business. In my area, there are no butcheries in radius so I plan on buying some chickens so that I can repack them and sale them . With the high demand for meat in my neighborhood, I am certain that I will earn profit and pay back this money with no difficulties. In the near future I plan on expanding my business into a butchery. If all goes well, I will start raring chickens on a small scale so as to increase supply in my venture.
With this loan I am applying for. I would like to expand my retail store by buying more food supplies as my community does not have a butchery. I would like to order some chickens to resale .
In this coming weeks, because of how the world is opening up, business will run smoother than it has run the past months. Being a retail business, people are always in need of home supplies and food so the returns will come back in no time.
Positive
1
Neutral
None
Negative
None
Project Type
Classic Loan
Disbursed amount
$100.00
Date disbursed
Oct 5, 2020
Repayment status
On Time
Projected term
5 weeks
Other loans
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Ray Dec 10, 2020
Esther Jan 17, 2021
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