Entrepreneur
Name
Joseph
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.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$103.00
Date disbursed
Jan 27, 2021
Repayment status
On Time
Projected term
4 weeks
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