Nakonde rice

David Banda

Lusaka, Zambia

Loan disbursed

$0 to go

100% lent of $163 goal

0

days left

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Entrepreneur

Name

David Banda

Location

Lusaka, Zambia

On-time repayments

7 weekly installments  •  86%

About Me

My Name is David Banda I am a 21 year old Male of Lusaka. In the year 2016 my family got a very big tragedy as both of my parents perished in a fatal road traffic accident in Kapiri Mposhi. During that time I was doing my grade 10 at Kafue Boys secondary school. With no financial aid or insurance I was forced to drop out of school to vent for my younger siblings aged 12 and 8 respectively. Luckily my parents had a grocery store in Kapiri Mposhi where they resided and so my siblings and I had to relocate to Lusaka permanently with the aid of the saved income I was able to open a grocery store which has supported my siblings through primary school and secondary school. I am also attending night school as my dream is to finish my secondary school education

My Business

My business is a simple grocery store which stocks different kinds of groceries ranging from house hold food stuffs to house hold tools like brooms and mops. In my part time I also work as an electrician, I am able to fix broken appliances such as fridges and stoves. I plan on studying electrical engineering when God gives me the chance

Loan Proposal

I am going to buy a 200 kg bag of Nakonde rice as this is one of the fastest selling dry food that is found in my shop .

Income Source

Because I also fix house hold appliances and electricals in my free time so I have savings and i cannot fail to pay back this loan

My Videos

Apr 21, 2021: My introduction to my grocery shop

Feedback

None

None

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Lenders

Joost

Noord Brabant,  Netherlands

JT

JOY to the world

Cottonwood Heights,  United States

HM

Hemant Mehta

United States

Loan Info

Disbursed amount

$163.57

Date disbursed

May 6, 2021

Repayment status

On Time

Projected term

2 weeks

Cost of loan

Service fee: 5% of $163.57 = $8.16

Credit risk payment: $22.87

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