Need to raise funds for buying the fridge for my grocery

Nancy

Lusaka, Zambia

100% repaid

Entrepreneur

Name

Nancy

Member since

August 2017

On-time repayments

95 installments  •  24%

About Me

Dear lenders, my name is Nancy Mwaba, I am the first born of the family of 4, and i did my primary school in Mongu that is where i was born and i relocated to Lusaka for my grade 9 to 12 and completed my high school and obtained a certificate and went to do Teaching course and i am waiting for the government to employ me. But because i cant just seat and wait. I started my grocery business through the help of my Father, He gave me some money to spend at home and i just thought of doing a business in order to generate more income for myself and and my young brothers and sisters. It was a wise thing to do and my Father is proud of me and it is growing steadly since i have never used the profit for anything yet. And i want to include a fridge so that I start stocking soft drinks for customers to buy. I am following what i hear from customers. And i want always be ordering what my customers want. Well, as beautiful as our tourist attraction places are, our country has many beautiful places to visit and we make a lot of money during such seasons when we have too many visitors. We have lake victoria falls, Luangwa valley, thats just few i can mention.

My Business

I am running a grocery i opened last year and i have seen it growing steadily because i have paid too much attention on it. I have Sugar, biscuits, sweets, bubble gums, etc. I have most of the small things customer always go for during their shopping in town and i sometime become their one stop shopping place for them. And my working capital was only $500 but today it has gone to $1200 and i still need more to manage to buy other equipment like warmers and i am raising the money for the fridge. This will make me start ordering soft drinks.

Loan Proposal

I just need $100 to manage to buy the fridge and that is when i will be bringing in soft drinks as per my customers request. And i will complete their shopping , and i will increase on my profit to $300 per month.

Feedback

1

None

1

  • PaulE    Mar 28, 2019

    Over one year later and no significant repayments.

    Log in to reply • Share
  • Jane    Dec 27, 2017

    Paid off loan early, great job ;)

    Log in to reply • Share


Loading...

Loan Info

Project Type

Classic Loan

Disbursed amount

$12.00

Date disbursed

Aug 1, 2017

Repayment status

On Time

Projected term

5 weeks

Lenders

PG

Paul Graham

United States

Ask Nancy a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.

Loading...

Loading...

Loading...