New stock of eggs

Joseph Mwape

Luanshya, Zambia

100% repaid

Entrepreneur

Name

Joseph Mwape

Member since

November 2020

On-time repayments

18 installments  •  61%

About Me

My name is Joseph Mwape and I am 31 years old. I am married and i have one child. I went to school in luanshya and completed my secondary education at mpatamatu secondary school. From childhood i liked business and so when i finished school i did some studies in sales and marketing. Jobs are hard to find and thats how i opened my own business and overcame the challenge of unemployment. My hobbies are singing and playing golf. My daughter wants to become a soldier when she grows up.

My Business

I have two businesses. One i buy and sell eggs then the other business i do i own 3 MTN booths for mobile money business and i have employed 3 ladies. The main business i do is buy eggs from farms at wholesale price then sell to different markets are retail prices and this business has been booming as eggs are on high demand. Sometimes i supply to NGOs who run nutrition programs in orphanage centres. When things are okay i also make some donations to NGOs of eggs. The major expenses i encounter is transport and payments to my driver who drives my van to deliver the eggs in market especially when am busy.

Loan Proposal

I am applying for a loan to buy new stock of eggs. My target is to order 50 trays of eggs which I will at k38 per tray and sell at k48 per tray . I already have market where to take these eggs and they are on demand. With this loan am destined to increase my business sales and the profit I will make from this business I will be able to reinvest and repay the loan without any challenges. I also use my profit to buy school needs for my daughter.

Income Source

Despite the economic challenges , the business is still doing okay. People still need food everyday and healthy living. Also because I run another business of MTN mobile money the commissions I get from the mobile money business can help to repay the loan. People transfer money from one another everyday especially for business transactions so I still have hope that I can be getting some extra income from there. I am confident that I will repay my loan without any problem.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$103.69

Date disbursed

Jan 27, 2021

Repayment status

On Time

Projected term

4 weeks

Cost to entrepreneur

Service fee: $6.33

Credit risk payment: $18.99

Optional expediting fee: $12.66

Lenders

A

Anninymouse

Southampton, United Kingdom

Bobrm2k3

Charleston, United States

Stefano Bertolo

Luxembourg, Luxembourg

Vesa

Helsinki, Finland

W

wesbh89

United States

S

Stephan

Netherlands

Kevin

San Francisco, United States

ME

Manaal Eisa

Washington DC, United States

Isabella

UK, United Kingdom

Aran Dunlop

United States

L

Lucy

Australia

Jane

Ontario, Canada

Remo

Switzerland

Ryan Agnew

Australia

C

Camm

Australia

R

Ru

New York, United States

Black and White Zebra

Vancouver, Canada

C

Christopher

United Kingdom

A

Anonymous

United States

DY

Dan Y

Scranton PA, United States

WL

Whitney Levis

United States

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