42 weekly installments • 55%
I am a boy of 21 years an shs graduate in 2018. I started the selling of paint and other tools immediately I completed school. Due to a small capital I have less stock but I hope zidisha will help me expand my business.
The selling of paint is the business I do. Although I sell other tools,paint is the backbone of my business. My father first gave me some money and I added my savings to it to create the initial capital but right now the profit I gain has been the sources of income.
With the new loan I am taking, I will use it to open another branch in the next town. there is not a specific paint and hardware shop in the town, so I will use this loan to open another branch to cater for their needs and I know bigger profits awaits me.
the current economic climate is not favorable but how to repay the loan is not a problem because my business has been making the biggest profits and sales even under this economic hardship. I have new strategies which suit the economic hardship these days.
May 11, 2021
Cost to entrepreneur
Service fee: 5% of $387.31 = $18.14
Credit risk payment: $61.92