Loan for more groceries & home supplies to sell, to help pay for my daughter's education

Richard Siafwa

Simunchembu, Zambia

100% repaid

Entrepreneur

Name

Richard Siafwa

Member since

October 2015

On-time repayments

165 installments  •  81%

About Me

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.

My Business

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.

Loan Proposal

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.

Feedback

4

None

None

  • Margaret    Dec 29, 2018

    The loan was paid back in a timely manner!

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  • Mary    Oct 12, 2017

    Richard is an excellent borrower. I would recommend loaning to him for any future loans.

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  • Margaret    Oct 12, 2017

    Richard paid off his loan perfectly, I would gladly lend to him again and encourage others to do the same.

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Loan Info

Project Type

Classic Loan

Disbursed amount

$382.70

Date disbursed

Jan 16, 2017

Repayment status

On Time

Projected term

8 months

Cost to entrepreneur

Service fee: $11.00

Lenders

Tavin

Ottawa, Canada

Paul Buchheit

Mountain View, United States

PG

Paul Graham

United States

Paul Smithson

Leeds, United Kingdom

Christopher Hey

Sudbury, Canada

SB

Sue Bucholz

Sacramento, United States

JA

Jan Andresen

Hamburg, Germany

Craig Newmark

United States

The Zinc Team

San Francisco, United States

Humble Bundle Community

San Francisco, United States

D

Dalton

San Francisco, United States

HCPSPIRIT

Helsinki, Finland

Dean Suminski

Portland, Oregon, United States

A

Anonymous

United States

M

Margaret

United States

Paul Buchheit

Mountain View, United States

M

Mary

United States

JG

Jake Gibson and Beverly Picardo

San Francisco, United States

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