Money to start a business

Benson

Mazabuka, Zambia

Funds disbursed

$0 to go

100% funded of $391 goal

0

days left

Entrepreneur

Name

Benson

Member since

May 2017

On-time repayments

19 installments  •  47%

About Me

Hello zidisha my name is Benson chola and am Zambian with a green national registration card, I was born in choma district of southern province and I grew up from there ,I stated school in 2001 in choma district of southern province at choma primary school and I was there from grade 1 to 9,in 2009 my dad was transferred from choma to mazabuka, my dad is a government worker is a Zambia police officer and they are always moving him from one district to the other, in 2009 I stated my secondary education at St Edmunds high school in mazabuka and I completed in 2011..am the last born in the family of 4.

My Business

Hello zidisha after I completed school I went at national institute of public administration (nipa) to do business studies for 3years, I completed my course in 2015 and have got an advanced diploma in business studies. Am currently working in Zambia in the marketing department as a stock controller, my job is to market and count all bags and packs of sugar produced on a single day, my basic pay is 600zmw and after adding the over times and housing allowancez ,my pay goes up-to 800zmw.

Loan Proposal

I want to start a stationery business to supply staffs to basic school and higher level education.
Ive already received a some of orders all that I am lacking is capital which is 5000 Zambian kwacha , to supply the study materials to students and pupils to them and to offer services to them. Last month my contract with Zambia sugar came to an end so I decided to start my own business I want to be self employed.
This loan will be repaid off by the money I got from Zambia suger the end of contract money , whilst the sales proceeds will be ploughed back into the business.


I have decided to choose a large member loan fund becourse I want to build my credit history with you so that I qualify for larger amount of loan so that I start a business this loan is to build my Credit history so that I can qualify for a higher credit limit. (the limit i currently have forms about 3.25% of the total amount of capital required)

I want to start supplying stationery to basic and high schools and higher learning institutions.
Ive already received a couple of orders all that I am lacking is capital which is 5000 Zambian kwacha to supply the study materials to basic, secondary and higher learning institutions.

Feedback

None

None

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Loan Info

Project Type

Classic Loan

Disbursed amount

$391.00

Date disbursed

Aug 14, 2017

Repayment status

Late

Projected term

8 weeks

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  • Audrey    Nov 11, 2017

    Dear my Lenders, i have called Benson and he said his repaying next week because he went outside the country for business and he was delayed.

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  • Audrey    Oct 10, 2017

    Dear my Lenders, i have tried Benson Chola's number is not going through, and only one of his other contacts has picked up and he says he is very far from him. So i had to continue trying his number since morning up to now and it is 4:50pm.

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  • Audrey    Sep 7, 2017

    Dear Lenders, I have finally managed to speak to Benson Chola, and he has told me that he repaid today one installment instead of two because his business did not do well this week. But as usual i have advised him to adjust on his weekly repayment amount to suit his current situation.

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  • Benson    Aug 3, 2017

    Am doing good with my business now.

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  • Benson    May 29, 2017

    The business has gone down but as soon as its back to normal how increase.

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  • Benson    May 20, 2017

    Thank you lenders for the loan, am so greatful my business will increase in profit.

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  • Benson    May 8, 2017

    Hello zidisha thank you so very much I appreciate for the loan.

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