Entrepreneur
Name
Mwenda
Member since
March 2016
On-time repayments
263 installments • 63%
About Me
My full name is Mwenda Kaluwaji aged 31 male based in Lusaka Zambia. I grew up in a huge family where we had to share every little we had. Completed my high school back in the year 2006 then went on to pursue a course in business management which has always been my passion. Well after College I got a job at Entrepreneurs Financial Centre (EFC Zambia) one of the leading micro-finance organisation in Zambia. I was hired as a Sales Representative. Unfortunately the job did not last as expected ,but since I had saved some money I decided to start a business from the experience I got interacting with entrepreneurs from different walks of life and backgrounds. I later decided to venture into a profit making business till to date.
The uniqueness of my country is that it has about 60 percent of water-bodies of southern Africa contained in Zambia.
I envision my children to grow up in a modern city so as to ease and increase opportunities for them to pursue careers that they will be passionate about and ultimately be relevant in society.
And lastly, my hobbies include but not limited to reading and travelling.
My Business
My business is growing by the day and i have just ventured into potato selling.
This type of business is on demand because of growing fast foods restaurants around.
Having gained experience in running businesses i have decided to diversify into potato selling because of low cost of running it and also having access to my daily profits will help me plan well for growth plus during winter sales for potatos go up hence taking up this business during the gold rush season.
My typical costs range from paying rent $50 for my shop monthly, i have only employee who helps me when i go out to do other errands and so salary lunch plus transport is costing to $100 then also ordering of poatoes costs every week $200
The previous loan has really helped me stabalise my savings. the loan im applying for will greatly help me boost my stock through profits to reinvest in the business for more growth, i will also manage to pay for my degree program which im starting next month and manage other expenses.
Loan Proposal
This loan will be used to expand my production by buying 25 baby chickens which will cost $50 and also buy feed costing $30 for the chicks i already have, it will also help boost my sells because with the loan i will be able to keep up with the demand i currently have . Also i will be able to order more organic honey containers at a cost of $90 from famers for resale hence increasing my revenue by 40%. with the experience i have gained in agribusiness i belive with the loan from Zidisha i will be able to continuosly grow in both my chicken and honey business aswell as paying back my loan on time.
Total budget $170
Regards
MK
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Loan Info
Project Type
Classic Loan
Disbursed amount
$184.00
Date disbursed
Sep 10, 2016
Repayment status
On Time
Projected term
4 months
Lenders
Edegem, Belgium
United States
Seattle, United States
Ask Mwenda a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.
BernadetteV Aug 14, 2017
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