New stock of drinking bottles for sale

Noah Chiwele

Luanshya, Zambia

100% repaid

Entrepreneur

Name

Noah Chiwele

Member since

December 2020

On-time repayments

12 installments  •  50%

About Me

I am Noah Chiwele and am 41 years old. I am a business man and am married with 3 kids. The kids names are Natasha 11, Joshua 7 and Priscilla 3. My wife and myself have been doing business for sometime now. I didnt finish secondary education because of challenges of school fees so i only went up to junior secondary which is grade 9. But i know how to read and write and also use the computers. I overcame hardship of life by starting my business. The capital i started with came from my family.

My Business

I sell assorted items for the home especially kitchen items such as cups, plates, drinking bottles and many others. One day my older sister asked me to wait for her at the party where she used to go to meet with other ladies and i came to know that they were sharing gifts especially for the kitchen. This was happenning every month and thats how i thought if i can start supplying the other women with items to share then i can be making some profit. Thats how i approached my family with this business proposal and they helped me. From there i even opened my own shop which am running successfully. The other business i do is chicken rearing which is managed by my wife at home. The profits are mainly for school going children, I didnt finish school but my prayer is they all finish school.

Loan Proposal

I run a bussiness of selling home items such as plates, cups, drinking bottles and many more. I have an order for drinking bottle which i need to sell to a boarding school for kids. These drinking bottles i sell are on demand even to many other school children. Also as we are in festive season a lot of customers will be buying items to share as gifts so i will be able to supply them from my stock. When am given this loan i will order 20 drinking bottle for k2,000 then i will be selling one at k130.So i will make a good profit and i can repay my loan.

Income Source

IF i struggle with my business i can get some money from the other business of selling chickens at home and i will be bale to repay without any challenges. When schools are open every child carries a drinking bottle and lunch box at school so my business sells even when there is a crisis.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$109.64

Date disbursed

Dec 20, 2020

Repayment status

On Time

Projected term

6 weeks

Cost to entrepreneur

Service fee: $6.68

Credit risk payment: $14.73

Optional expediting fee: $13.37

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