To buy an electronic cash register for grocery business

David

Lusaka, Zambia

100% repaid

Entrepreneur

Name

David

Member since

February 2021

On-time repayments

19 installments  •  37%

About Me

My Name is David Banda I am a 21 year old Male of Lusaka. In the year 2016 my family got a very big tragedy as both of my parents perished in a fatal road traffic accident in Kapiri Mposhi. During that time I was doing my grade 10 at Kafue Boys secondary school. With no financial aid or insurance I was forced to drop out of school to vent for my younger siblings aged 12 and 8 respectively. Luckily my parents had a grocery store in Kapiri Mposhi where they resided and so my siblings and I had to relocate to Lusaka permanently with the aid of the saved income I was able to open a grocery store which has supported my siblings through primary school and secondary school. I am also attending night school as my dream is to finish my secondary school education

My Business

My business is a simple grocery store which stocks different kinds of groceries ranging from house hold food stuffs to house hold tools like brooms and mops. In my part time I also work as an electrician, I am able to fix broken appliances such as fridges and stoves. I plan on studying electrical engineering when God gives me the chance

Loan Proposal

With this Loan I am applying for I will be able to buy a second hand electronic cash register. I have been unable to always be able to keep records of all inventory that is sold especially when it is busy so I think this machine will make it easy for me to track all my profits in a short period of time.

Income Source

Yes business does face risks but because of my ability to also fix house hold appliances and gadgets I am able to raise more money than the grocery shop can give me. I will be able to pay back this loan with no problems.

My Videos

Apr 21, 2021: My introduction to my grocery shop

Feedback

None

None

None

Loan Info

Project Type

Classic Loan

Disbursed amount

$112.00

Date disbursed

Apr 22, 2021

Repayment status

On Time

Projected term

2 weeks

Lenders

Ask David a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.

Loading...

Summary

Amount repaid

$112.11

Amount remaining

$0.00

Date repaid

May 3, 2021

Status

Fully repaid

Repayment History

Expected Payments Actual Payments
May 5, 2021 $56.08 May 3, 2021 $56.08
May 12, 2021 $56.03 May 3, 2021 $56.03

Loading...