New stock of cement for my hardware shop
Alfred
Kitwe, Zambia
100% repaid
Entrepreneur
Name
Alfred
Member since
December 2020
On-time repayments
20 installments • 35%
About Me
My name is Alfred Kunda and am a business man raised in a family of business minded people. I faced a lot of challenges when growing up and my education was affected but i have always had hope and passion to do well in my business. I have a diploma in Business management and this has helped me to set my small businesses , i have 4 mobile money booths and a hardware shop where am mostly found. I am married with one child her name is Princess and she wants to be an engineer when she grows up.
My Business
I have two small businesss i have mobile money business and also have a hardware shop. From the mobile money booths people transact money and at the end of the month i get commissions from MTN. This has been a stable source of income for me. The other source of income is hardware shop where i sell various items especially building materials. I chose this business because a lot of people are building and need these materials.I make profit which i use for daily needs at home and mainly i reinvest in my business so that i can expand my businesses.
Loan Proposal
I plan to increase on stock of cement in my hardware shop.I stock various building materials such as sinks, bath tabs, doors, window frames, cement etc. Now the demand of cement has gone up and there has been a shortage of cement in our country, hence prices have up and the profit now is good. I will be happy if you can lend to me so that i buy cement and stock up my shop. My idea is to buy 30 pockets of cement each i will buy at k105 and sell at k120 or k125. The profit i will make sure to repay loan on time.
Income Source
From my daily sales in my hardware shop i save some money so from there i can repay. Also the mobile money business i do is very profitable so i can also get some money from there. I am not worried about the harsh economy atleast am making something.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$79.00
Date disbursed
Dec 19, 2020
Repayment status
On Time
Projected term
3 weeks
Other loans
Lenders
United States
United States
Australia
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