Loan for re investment

Erick Mende

Lusaka, Zambia

5% repaid



Erick Mende

Member since

September 2020

On-time repayments

28 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

Just like the. Previous loan I got I also need this one for reinvestment in my business.i always make sure that everything thing I get from zidisha loan is pumped back in the business so as to increase my sales and also profits .

Income Source

As stated above every thing ,money I get from zidisha is ploughed back into the business and I also make sure that my other business are well looked at so that In case the other business faces some challenges then the other. One can help me still settlle the loan.





Loan Info

Project Type

Classic Loan

Disbursed amount


Date disbursed

Mar 18, 2021

Repayment status


Projected term

2 months

Cost to entrepreneur

Service fee: $25.02

Credit risk payment: $75.18

Optional expediting fee: $50.10




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Amount repaid


Amount remaining


Expected completion

May 24, 2021


Repaying late

Installment amount


Repayment History

Expected Payments Actual Payments
Mar 29, 2021 $10.00 Mar 30, 2021 $10.00
Apr 5, 2021 $10.00 Mar 30, 2021 $4.15
Jul 19, 2021 $4.72
Apr 12, 2021 $10.00
Apr 19, 2021 $10.00
Apr 26, 2021 $10.00
May 3, 2021 $99.99
May 10, 2021 $99.99
May 17, 2021 $99.99
May 24, 2021 $49.85