Loan for reinvestment in auto spare-parts business

Erick Mende

Lusaka, Zambia

100% repaid

Entrepreneur

Name

Erick Mende

Location

Lusaka, Zambia

On-time repayments

28 weekly installments  •  71%

About Me

I'm erick MENDE a Zambia with a green national card. completed my high school in 2008..married to one wife and together we have a child.
Started my business of alto spares in the year 20015..and i also sale second hand cars.. I live within Lusaka in kanyama compound just next to evangelical church off kalusha bwalya road

My Business

As started above I'm into alto spare and also sales second hand cars. I buy second hand cars, make them look beautiful and then resale the same cars an a little bit high price..
With alto spare have just been making my orders within lusaka

Loan Proposal

The loan that I'm requesting here will go straight into my auto spare business,just like I did in the previous loan I got from you guys it went straight into the business hence helping me to boost my sales and that's the reason why I have even managed to pay before the due date .all thanks to you guys keep it up on the good work.

Income Source

To make sure that I pay back the loan despite the challenges is to make sure that I re invest everything money I have into the business and reduce on my expenditures.and improve on my sales by opening early everyday so that my sales will be maximsid

Feedback

None

None

None

Loan Info

Project Type

Classic Loan

Disbursed amount

$296.30

Date disbursed

Feb 18, 2021

Repayment status

On Time

Projected term

4 weeks

Cost to entrepreneur

Service fee: $18.91

Credit risk payment: $56.78

Optional expediting fee: $37.88

Lenders

lietu

Tallinn, Estonia

Krtecek

Balzers, Liechtenstein

M

Moonknight

Østre Gausdal, Norway

Paul Smithson

Leeds, United Kingdom

GG

Gituru Gitumbi

Seattle, United States

RC

Rudi Chen

United States

LZ

Li Zhang

United Kingdom

A

Anonymous

United States

Babbitt Family Foundation

Sioux Falls, SD, United States

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