Loan to buy kapenta (lake sadies)

Maren

Chingola, Zambia

15% repaid

Entrepreneur

Name

Maren

Member since

September 2017

On-time repayments

29 installments  •  17%

About Me

My name is Musonda mubanga Maren I was on 23rd November 1989 I completed my secondary school in 2009 at chingola high school I have done business skills
I worked as a general worker in our local mibe until I stopped to start my own business
I started my own business when I stopped working
I like reading books

My Business

My business is that of selling dry lake Sadie's known as kapenta. Kapenta is cooked as relish for lunch and supper. It's is used on a daily basis that how important it is.
I chose this kind of business because it's on demand. The cost is transport and rental
I use the profit to expand my business

Loan Proposal

Our country 's staple food is nsima which is eaten along with relish.hence after receiving the loan it will be used to buy a 50 kilogram bag of Lake Sadies known as Kapenta. This will be at the cost of $50 I will cover the shortfall. The benefits it will create to me is my business will expand and I will be able to earn more profits and to others theirs business will also do well example from we're I will buy and the transporter of my goods will benefit because of the same. tOncehis loan will be a life changing loan because afer I receive the loan and buy this bag and my profits will double

Feedback

None

None

None

Loan Info

Project Type

Classic Loan

Disbursed amount

$30.00

Date disbursed

Oct 8, 2017

Repayment status

Late

Projected term

6 months

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  • Barnabas    Nov 29, 2017

    She has made the payment

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  • Audrey    Nov 29, 2017

    I have spoken to Maren Musonda and she said she is on her way to repay her loan.

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  • Maren    Oct 6, 2017

    Thanks for the loan my lenders.it will work for the intended purpose.

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  • Maren    Oct 5, 2017

    The past loan helped me to be ablemy business and I was able to repay it. my earnings also increased

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  • Maren    Oct 4, 2017

    If I knew about Zidisha a long time ago I wouldn't have been were am today.there is no such a platform were a lenders can trust me a stranger with their monies used it and return in order to uplift my well-being and that of my family. Thank you and MAY THE GOOD LORD bless you

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  • Maren    Sep 26, 2017

    First of all thanks to Zidisha for providing such a platform if you only know how people's lives are being changed. Starting and running a business in Zambia its a challenge you can have great ideas but if you don't have capital you you ideas will die a natural death.The local banking sector is not helping us but heee thanks to you for the platform and the lenders for putting trust in a stranger

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  • Maren    Sep 7, 2017

    The loan will help me to expand my business. I will use it for the intended purpose. Thank you once more to my lenders

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