165 installments • 81%
I am Richard Siafwa. I am 52 years old. I have eight children. One has finished school but is lacking sponsorship. The other seven have not finished; they are just at home. Five are married. The other three are not yet married. One of these has finished school, and the other is in grade seven. I'm running a shop, but I would like to improve orders of my shop so that I can earn a better livelihood.
I was working for Zambia Railways in 2000, then with the money I got, I decided to start a shop because the wages were too low. I started the shop in 2003, and the shop is currently is open on daily basis. However, I am incapable to sell some products in the shop because I have lack of funds.
I sell drinks, cooking oil, salt, biscuits, soap, fabric, and other groceries. People use these things on a daily basis. I chose to have a shop because it is the fastest way to make money.
In a week, I may spend 1,000 kwacha. Once I sell those things, I will make about 200 extra.
I spend money on sending my children to school, farming, and buying more groceries to sell.
With a new loan I will be able to buy more groceries and home supplies for my shop in the villages which will then help get more of a surplus to pay for my daughter's university education tuition. I will be able to buy supplies like flour, soap, cooking oil and etc; therefore, people in the village do not have to travel 20k to town to buy daily groceries.
Jan 16, 2017
Cost to entrepreneur
Service fee: $11.00