Loan to buy 2 bundles of second hand clothing

Nachilila

Chililabombwe, Zambia

5% repaid

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How it Works

Entrepreneur

Name

Nachilila

Member since

May 2018

On-time repayments

42 installments • 5%

About Me

My name is Nachilila Kasanga i come from the family 6 being 4 girls and 2 boys.I started my primary school at Kakoswe Primary School and later completed my high school at Chililabombwe High School.

I did my manage to over hard ship in my life by hard working and being determined to achieve in my life.I first started my business by cross border trading and distributing locally and until i did secure a store in the central business and started selling second hand clothing.

My Business

I sale second clothing more especially ladies and Mens clothing.The second high clothing are on very high demand because they are very useful and customers consider them to be of very high quality.My typical cost of this business is ZMW 2500 and this ia for one bale of second hand clothing and once i finish selling am able to generate ZMW 700 as profit.Since the demand is very high i need to raise more funds so that i could buy 3 bundles of second hand clothing and generate more profits.However when i generate the profits of ZMW 700 , i used it to reinvest in the business and also home improvements.

Loan Proposal

I need to buy 2 bundles of second clothing and it will cost $300 which i will be generating ZMW 1400 as compared the 1 bundle and get ZMW 700 as profit.