Maize flour for my grocery shop
Mathews
Chililabombwe, Zambia
100% repaid
Entrepreneur
Name
Mathews
Member since
December 2020
On-time repayments
11 installments • 64%
About Me
I am Mathew Musonda am a business man and i own a shop in mufulira,zambia where i sell food staffs for home consumtion. At the same time i work for a security company as a clerk. I am married and i have 4 children, 3 grils and 1 boy. i like spending time with my children whenever i am free.
My Business
I sell variety of goods such as cooking oil, mealie meal i sell in bulk, i also sell consumables like washing powder, diapers, soaps, tissues and a lot of things in my shop though am known mainly for mealie meal. The business of selling mealie meal is on demand as we consume a lot of mealie meal in my country. Maize where mealie meal comes from is staple food in zambia so demand is high.
Loan Proposal
i will use the loan to invest in my grocery shop by buying maize flour for sale to my customers. Demand for baking cakes is very high during the festive season so i want to take this opportunity to make some profits. The profit i make i will spend on my family for christmas so that we can end the year well. I will appreciate my lenders for your help.
Income Source
I am a worker as clerk for a security company i earn a salary at end of the month so in case my business is affected by harsh economy i will use my salary to repay the loan. But am sure i will also be able to be selling everyday from my shop as these items i sell are actually needed everyday.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$105.00
Date disbursed
Dec 19, 2020
Repayment status
On Time
Projected term
6 weeks
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