Inventory loan 3
Kelvin
Lusaka, Zambia
$53 to go
9% funded of $58 goal
0
days left
Entrepreneur
Name
Kelvin
Member since
January 2018
On-time repayments
14 installments • 29%
About Me
My name is Kelvin Chirwa a young entrepreneur i own an online boutique business, i sell men, ladies clothes,shoes ,Handbags and Computer accessories. I have recently bought two dairy cows. I completed my high school grade in 2004 with good grades. I didnt managed to go to college due to my financial dificuties but i managed to find a part work in shop and raise capital to start my online boutique which is doing well now. Currently, i own a piece of land 45 km in eastern part of Lusaka. I was inspired by the people who live there because they truly dependant on farming and livestock rearing. I partly invested my money by purchasing two dairy cows for business. my hobbies have changed in that i spent my past time at this small farm i have acquired and read books on dairy farming.
My Business
Currently i want to boost my dairy business. I do sale milk from the cows to Palabana Milk cooperative. According to the Dairy Association of Zambia, Currently Zambia imports milk to fill a deficit estimated at more than 50 million litres per year. Domestic demand has been increasing at a higher rate, and is currently estimated to stand at 445 million litres per year. (Source: africanfarming.com). Therefore the demand of milk is high in that companies such as Parmalat, Zambeef etc are the mainly buyers of produce.
I choose this business because i have development a passion for the dairy business and i could like to contribute to the nation production of milk and bridge the gap of the deficit in the industry. The profits from this venture will be channelled to the reinvestment of the small holding which i have and help to pay for other expenses.
Loan Proposal
I am taking advantage of my creative skills to launch a successful clothing line supplying fashion and clothes to a growing market here in Zambia. With more people than ever buying clothes online i think am on my way to expanding my business to the neighbouring countries. The loan will help me top up to my inventory money to purchase new stock which my supplier has in stock. This will be beneficial to my business profit because if you have more stock and sells that will translate to more profit.
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Loan Info
Project Type
Classic Loan
Amount requested
$58.00
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