Loan to buy fridges for cooling drinks in shop and expand

Lovemore

Lusaka, Zambia

17% repaid

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How it Works

Entrepreneur

Name

Lovemore

Member since

July 2017

On-time repayments

85 installments • 26%

About Me

My name is Lovemove Mushaba the third born i family of five.I completed my school level and obtained good results waiting to go into University after raising enough funds help me pay for tuition.I grew up with my mother in the rural set up i country were life is not easy for one pull through.After my high school i went through a chain of hardships and eventually managed to raise money to the business of distribution of Pepsi soft and Coca cola drinks in our community.Hence after hearing of zidisha i got interested to apply for a small loan to boast my of distributing drinks.Our country is unique because its is peaceful and of rich in natural resources.In future i would like my children to find it easy in life and go school freely without lacking anything.This is the reason why i want to work extral hard to improve the well being of life and the family.

My Business

I Supply pepsi drinks which i order and distribute to shop owners in our community and at the market places.Our area since is the outskirt of town drinks are very scarce and the demand is very high because people find it difficult to walk long distances just to buy drinks.This business cost me now ZMK 3500.00 excluding transport.Transport cost me ZMK 600.00, Hence turn over is very good because am the only one that provide and distribute drinks trusted by the dealer of the product.However for the second loan i want to expand the shop for stock stocking other products which will increase my turn over and grow the my business this summer season when these goods very fast .

Loan Proposal

I need USD 300 to help me buy fridges in my shop for cooling of drinks, each cooler fridge will cost USD 80 small and larger will cost me USD150 and USD 70 i want to buy and increase or expand stocks due to summer seasons.Customers consumer alot of soft drinks this period and i want take advantage and generate more revenue or profits.Before December am planning increase my to 2000 crates of softs to distribute to retail shop around the the markets.