14 installments • 57%
Hello lenders, my name is Joseph Mambwe and I am 18 years old . I am the first born in a family of 3. Most young men at my age would be in college by now but am doing business because i have to support my two siblings. I lost my two parents in a road accident when I was 15 and I couldnt continue in school but took up the business my parents were running.
I sell sewing materials and clothes in my shop.My parents died when I was 15 and left a shop where they were selling clothes and this was their main source. I stopped and continued to run this business and there has been an improvement. With more funding I can do even better. The cost i face is transport when buying materials for sale.All the profits from this shop goes to paying school fees for my two siblings.
I am applying for loan amount 2,265 ZMW and the purpose of the money is to buy new stock of clothes for sale to my customers. I run a shop where I sell mainly sewing materials for school uniforms and clothes. If I get this loan I intend to order new stock of clothes and the profit I wil be make will go towards paying for school fees for my siblings.
The shop where I sell also has a space for a tailor .Then I also sell clothes and sewing materials for school uniforms and these very good quality. The demand is high so sell everyday.
Dec 25, 2020
Cost to entrepreneur
Service fee: $6.68
Credit risk payment: $20.05
Optional expediting fee: $13.37