New stock of ladies' shoes

Edgar Katenga

Kitwe, Zambia

6% repaid

Entrepreneur

Name

Edgar Katenga

Member since

October 2020

On-time repayments

37 installments  •  49%

About Me

I started my primary education in kitwe at rokana primary school. My parents live in the live so i grew up with my auntie working for the council. During school holiday as kids at home we could go to help auntie at her shop in the market to sell clothes. i started having interest in business from there so when i couldnt do well in school and school fees were a bit of a challenge i started busines with help from my auntie. I order clothes from tanzania and sell them at my stand. The people around my area are good they like helping one another. In my free time i like reading business books.

My Business

I sell mainly ladies clothes and shoes. Ladies like fashion as compared to men so clothes for ladies are on demand. I sell quality clothes are good price. When ordering clothes i pay for transport and money transferring charges. Also i pay for security as they come on buses. When i make profit i use it for rent i also add more to my capital so my business keeps growing up.

Loan Proposal

Firstly, I wish to thank all my lenders who helped me with the loan i have just finished repaying today. I am now applying for another loan to order lady's shoes for sell. I have noticed there is a lot of demand for ladies shoes. This loan will really help me to make more earnings for my business. I owe all my success to Zidisha and all my lenders, Once i make profit i use for rent and reinvest the rest in the business. I thank you in advance.

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Income Source

If my business face risks in the economy, I help in my other shops for my auntie so when business for me is not going well i help in selling in my aunties shop and make some money. My aunties shop is very big and she has assorted things apart from clothes there is also women hair and a barbershop. So business is there everyday. I am so trusted and everytime i work there i am paid very well so this is my other option

Feedback

None

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Loan Info

Project Type

Classic Loan

Disbursed amount

$486.50

Date disbursed

Feb 23, 2021

Repayment status

Late

Projected term

4 months

Cost to entrepreneur

Service fee: $30.46

Credit risk payment: $115.88

Lenders

HI

Highly Improbable

Saskatoon, Canada

investor

Candiac, Canada

AltruisticSelfishnes

Chicago, United States

ninamaqami

Ankara, Turkey

F

FHult

Stockholm, Sweden

AF

a f

washington, United States

J

John

Newbury Park, CA, United States

Jeff and Marcie

Portland, OR, United States

Cloudways

Malta, Malta

ads68

Melbourne, Australia

M

magnus_h

Bergen, Norway

numbat

Perth, Australia

JOKer

Weisendorf, Germany

MrMichigander

Marquette, United States

D

daylin

Chicago, IL, United States

mikeice

Kohler, United States

sderickson

Berkeley, CA, United States

B

bugdaniel

Switzerland

H

hafsah1010

United Kingdom

utdream

United States

N

nedenchase

United States

PolarBearCapital

United States

Mike and Jacqui

United Kingdom

S

Stephan

Netherlands

Dave Bogard

New York, United States

R

Robert

Berlin, Germany

JC

Jane Cohen

United States

W

Wade

United States

H

Hazel

United Kingdom

moursund

Beaver Nation, United States

Kevin

San Francisco, United States

I

Ian

United Kingdom

C

cota

United States

ME

Manaal Eisa

Washington DC, United States

TH

tom hd

United Kingdom

Carla

Amsterdam, Netherlands

Aran Dunlop

United States

N

Nele

Germany

Alicia

United States

SH

Steven Huntington

London, United Kingdom

Rory McLaughlin

Dallas, United States

I

isaac

United Kingdom

SB

Sue Bucholz

Sacramento, United States

KirstenAlana

Los Angeles, United States

JA

Jan Andresen

Hamburg, Germany

Sinan Taifour

Munich, Germany, Germany

WS

Warren Shen

United States

JV

Jose Vidal

New York, United States

Day Family

Melbourne, Australia

VC

Victor Chong

United States

Ellen

Michigan, United States

D

Dalton

San Francisco, United States

HCPSPIRIT

Helsinki, Finland

NH

Nancy Hull

United States

Diane U

Olympia, Wa, Usa, United States

Christian

Vienna, Austria

L

Liam

New Zealand

Paul Buchheit

Mountain View, United States

Jane

Ontario, Canada

A

Anonymous

United States

MC

Melissa Corrigan

Richmond, California, United States

Darren Jeppson

Denver, Colorado, United States

RD

Roel De Meester

Antwerpen, Belgium

GA

Gal Ashuach

רעננה, Israel

Dao Nguyen

austin, United States

alexalexalex

Berlin, Germany

DL

Daniel levy

United States

AL

Anna Lusero

United States

BW

Belinda Wang

United States

M

MaggieK

United States

S

Sandy

United States

KL

Kerry Lane

United States

MC

Mike Cormack

Vancouver, Canada

C

Christian

Switzerland

GR

Gabe Radovsky

United States

Black and White Zebra

Vancouver, Canada

J

James

United Kingdom

B

Bharat

Princeton, United States

B

Berend

Netherlands

V

Václav

Czech Republic

SW

Scott Walker

United States

Ask Edgar a question about this loan project, share news and photos of your own, or send a simple note of thanks or inspiration.

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