New stock of clothes for sale

Joseph Mambwe

Kitwe, Zambia

100% repaid

Entrepreneur

Name

Joseph Mambwe

Member since

December 2020

On-time repayments

14 installments  •  57%

About Me

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.

My Business

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.

Loan Proposal

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.

Income Source

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.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$109.64

Date disbursed

Dec 25, 2020

Repayment status

On Time

Projected term

4 weeks

Cost to entrepreneur

Service fee: $6.68

Credit risk payment: $20.05

Optional expediting fee: $13.37

Lenders

AltruisticSelfishnes

Chicago, United States

T

Tallago3

Munich, Germany

Cloudways

Malta, Malta

sderickson

Berkeley, CA, United States

M

Mullagh

United Kingdom

Mimobo

Schwäbisch Gmünd, Germany, Germany

Dave Bogard

New York, United States

R

Robert

Berlin, Germany

Kevin

San Francisco, United States

P

Peter

Bratislava, Slovakia

Gabriel Fenili

Santo André, Brazil

VC

Victor Chong

United States

Diane U

Olympia, Wa, Usa, United States

BR

Brian Rickman

United States

L

Lisa

United States

alexalexalex

Berlin, Germany

S

Sibyl

Basel, Switzerland

J

John

Germany

M

Melissa

United States

Black and White Zebra

Vancouver, Canada

C

Cole

United States

A

Andy

United States

R

Richard

United Kingdom

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