Motor vehicle battery and tire purchase

Renox

Lusaka, Zambia

100% repaid

Entrepreneur

Name

Renox

Member since

February 2021

On-time repayments

8 installments  •  38%

About Me

Renox Masulani are my full names. I am the first born of three children and I am currently based in monze, the southern province of zambia.
My family has humble background but on a sad note, I lost my mother when I was 15 years of age. My father was once part of the Zambia railways company but he's contract ended and could not be renewed because of the new management. Luckily, he had bought a car which we now use as a source of income at home through transportation (taxi). Life has been challenging ever since hes contract ended. Dad does all he can in he's capabilities to make ends meet and on the other hand, I am the one managing the car rather transportation business as a taxi driver.

My Business

As I have already stated in the introduction, I am a taxi driver using my father's car for transportation of clients.
On average, the taxi business has not really been the same as before the pandemic spread. Monze is quite a small town and so not many people own vehicles and that's what gives my family the advantage to make money off the transportation business.
Every Friday, I cash up my father an agreed amount of K2500 and when the week has not been so fruitful my cashing is 2000 and not anything less.

Loan Proposal

Seeing to it that many people around my area want to own or buy car batteries I then want to buy car tires.
I wish to build an auto mechanic shop later in future as I build my trust with Zidisha by raising my credit limit.

Income Source

I have a already taken orders for the people who want the batteries and car tires. The only thing I am waiting for is transportation from Lusaka. My customers have already made a down payment for their orders and will finish up when the items they ordered for. So repaying the loan is not as difficult because I already the money in my savings account.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$25.00

Date disbursed

Mar 1, 2021

Repayment status

On Time

Projected term

1 week

Lenders

AG

Alexandre Genereux

Gatineau, Canada

Heather

United States

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