Pay university tuition fees for 2019 & expand my retail shop

Richard Siafwa

Simunchembu, Zambia

13% repaid

Entrepreneur

Name

Richard Siafwa

Location

Simunchembu, Zambia

On-time repayments

160 weekly installments  •  81%

About Me

I am Richard Siafwa. I am 52 years old. I have eight children. One has finished school but is lacking sponsorship. The other seven have not finished; they are just at home. Five are married. The other three are not yet married. One of these has finished school, and the other is in grade seven. I'm running a shop, but I would like to improve orders of my shop so that I can earn a better livelihood.
I was working for Zambia Railways in 2000, then with the money I got, I decided to start a shop because the wages were too low. I started the shop in 2003, and the shop is currently is open on daily basis. However, I am incapable to sell some products in the shop because I have lack of funds.

My Business

I sell drinks, cooking oil, salt, biscuits, soap, fabric, and other groceries. People use these things on a daily basis. I chose to have a shop because it is the fastest way to make money.
In a week, I may spend 1,000 kwacha. Once I sell those things, I will make about 200 extra.
I spend money on sending my children to school, farming, and buying more groceries to sell.

Loan Proposal

Am requesting for the loan to pay Tuitions fees at the University of Zambia and also purchase of building materials to extend my retail shop due to demand from the customers within my community, the following is how i want to use the loan;
1.Pay tuition fees for my son at the University of Zambia
2.Purchase of Building Materials
- 50 pockets of cement
-1500 building blocks
-30 iron roofing sheets for the shop
-building sandy
The old retail shop am using has become too small due to increase in stocks and therefore i need to extend the shop so that i can be stocking the goods very well.However the profit margin will also increase and enable me to repay my loan time.

Feedback

4

None

None

  • Margaret    Dec 29, 2018

    The loan was paid back in a timely manner!

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  • Mary    Oct 12, 2017

    Richard is an excellent borrower. I would recommend loaning to him for any future loans.

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  • Margaret    Oct 12, 2017

    Richard paid off his loan perfectly, I would gladly lend to him again and encourage others to do the same.

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  • Kate Turner    Mar 21, 2016

    Mr. Siafwa repaid my loan in full. I would recommend him for a loan in the future. I wish him luck in his business.

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Loan Info

Project Type

Classic Loan

Disbursed amount

$937.97

Date disbursed

Jan 15, 2019

Repayment status

Late

Projected term

5 months

Cost to entrepreneur

Service fee: $29.01

Credit risk payment: $174.37

Lenders

M

marycb

United States

cyrus0302

San Francisco, United States

Josua

Brittnau, Switzerland

lietu

Tallinn, Estonia

ErikN

Stockholm, Sweden

S

staktrace

Toronto, Canada

F

FHult

Stockholm, Sweden

L

ldron7

Utah, United States

ZlataRoy

Cheltenham, United Kingdom

T

Tallago3

Munich, Germany

R

Roman

Barcelona, Spain

Pere

Barcelona, Spain

johnandmoliehi

Canton, New York, United States

MakeSense

-, St. Kitts and Nevis

P

pmyadlowsky

Charlottesville, United States

A

AlexCheng

Seattle, United States

Tavin

Ottawa, Canada

C

chrisherron

Chicago, United States

A

anonymous123

United States

Sundstroms

Falun, Sweden

E

explosionsky

Brooklyn, United States

KM

British Columbia, Canada, Canada

Cloudways

Malta, Malta

WormaldTSG

Rydalmere, Australia

yosefchayim

Bournemouth, United Kingdom

lorello

Vicopisano, Italy

K

kjgeenszins

groningen, Netherlands

peanut

Halifax, Canada

Hype1

Ashburn VA, United States

Cadwah

Barcelona, Spain

JC

Jordi Cohen

New York, NY, United States

camilberlin

Berlin, Germany

RckyMntFamily

Colorado, United States

J

Johannes

Pirmasens, Germany

BF

Bob Fitzjohn

Fontvielle, Monaco, Yemen

Treesforpeople

Oxfordshire, United Kingdom

M

Moonknight

Østre Gausdal, Norway

W

WenShiDi

mobile, China

W

Walter01

Kingston, Canada

C

Colmena

Chicago, United States

L

Leonora

TÄBY, Sweden

mojobob

Hayward, United States

P

Pavane

Kungsbacka, Sweden

JOKer

Weisendorf, Germany

O

Ohio

Ohio, United States

L

LenoMetus

Perth, Australia

soniad

Dubai, United Arab Emirates

ibc123

Seattle, United States

markpearson

Portsmouth, United Kingdom

G

GanSatya

United States

G

GoughGirl

Washington, Dc, United States

M

Mullagh

United Kingdom

R

roozbeh

United States

B

beckynagel

United States

M

Marko

Helsinki, Finland

B

bmkahora

United States

D

davecas

United States

J

jsbisa

New Orleans, Louisiana, United States

R

RonEddy

United States

TyWee

Manila, Philippines

L

luckiestmonkey

United States

B

bscent

Hong Kong

TyrynyRed

United States

K

Keith

Luxembourg

Pascal Coyles

Ghent, Belgium

N

nshekher

United States

C

ColoradoSkier

Denver, United States

Michel Bavin

Antwerp Area, Belgium

Dunfy

United Kingdom

KieranB

Ireland

himynameismartin

Czech Republic

M

mbarbier

United States

Mike and Jacqui

United Kingdom

S

Stephan

Netherlands

JL

Joao Leal

United Kingdom

KM

Kirsty M

United Kingdom

S

Sven

Netherlands

M

Marco

Bologna, Italy

Dave Bogard

New York, United States

R

Robert

Berlin, Germany

MW

Matt Willis

United States

W

Wade

United States

Benni

Stuttgart, Germany

Jake Badger

Roskilde, Denmark

Dayton

Vancouver, Canada

Laurie

United States

Craig

Memphis, TN, United States

T

thedan33

Czech Republic

Julia

United States

JC

JD Conley

United States

M

Marc

Newcastle upon Tyne, United Kingdom

Mouhamed

United States

ME

Manaal Eisa

Washington DC, United States

IH

Ian Hearn

United States

Cristina Huesch

Canberra, Australia, Australia

TM

Tim Marvin

United States

B

United Kingdom

R

Rahel

Austria

M

Margaret

United States

Mark Grey

Redding, CT, United States

AH

ajay hampapur

United States

N

Nick

United States

E

eriklonnroth

United Kingdom

YK

Yonghwan Kim

Republic of Korea

DD

Danilo Da Silva

Maputo, Mozambique

wissam

Jeddah, Saudi Arabia

Callum Guy

Suffolk, United Kingdom

DL

Dan Lawrence

United States

Paul Smithson

Leeds, United Kingdom

Amanda Orson

Stamford, Ct, United States

A

Adam

United Kingdom

Elise E

United States

Dan Michael

Oslo, Norway

Thomas

Sweden, Sweden

EthicalHost

Toronto, Canada

FJ

Flo Jo

United States

PR

Priscilla Rathbone

Seattle, Washington, United States

V

Vidar

Oslo, Norway

I

isaac

United Kingdom

RC

Rudi Chen

United States

JB

John Brown

United States

J

Julie

Los Angeles, United States

C

Cora

Switzerland

BR

Bob Reus

Netherlands

W

Wim

Netherlands

A

Adam

United Kingdom

SS

Sofia Shields

United States

Angela Linwood

Minneapolis, Minnesota, United States

Joseph Abell

Brisbane, Australia

R

Rachel

United States

RC

Roy Chicky Arad

tel aviv, Israel, Israel

I

ixeldog

atlanta, United States

JA

Jan Andresen

Hamburg, Germany

Sinan Taifour

Munich, Germany, Germany

johannes

Taipei, Taiwan

MM

Matyas Matyas

Budapest, Romania

Ryan Keller

Hong Kong, Hong Kong

Peggy Evans Wise

Memphis, TN, United States

JG

Jonathan Giuffrida

Chicago, United States

EW

Eli Weiss

United States

RE

Richard Ellis

United Kingdom

L

Lucy

Australia

cchhrriiss

Munich, Germany

JT

Jon Tarrant

United Kingdom

K

kamvien9

Australia

H

Hans

Czech Republic

M

Marama

Australia

Benjamin Kniaz

Boston, United States

MO

Mark Owens

United States

chessplayer

Berlin, Germany

JB

James Brooks

United Kingdom

RS

Rich Stein

United States

JA

Joshua Axtell

United States

NM

Nitya Marepally

San Ramon, CA, United States

VC

Victor Chong

United States

R

Ralf

Germany

BP

Bill Piper

United States

Ellen

Michigan, United States

JK

Judy K

United States

D

Dalton

San Francisco, United States

HCPSPIRIT

Helsinki, Finland

Dean Suminski

Portland, Oregon, United States

M

Margaret

United States

Deirdre

Yorkshire, United Kingdom

JF

J Fister

United States

France

Christian

Vienna, Austria

R

RMIM

United States

A

Aaron

United States

Chris

Nganmarriyanga, Australia

DW

Dan Winetsky

United States

BB

Ben Breen

United States

W

Will

United States

M

Mary

United States

Tyler Metcalf

Utah, United States

LR

Loyce Riggans

United States

Keith Chan

Toronto, Canada

S

Sarah

Arlington, United States

ZS

Zach Silveira

Asheville, Nc, United States

John Barnett

United States

Nethanel Kohen

NYC, United States

KJ

Karin Joy

Philadelphia, PA, USA, United States

HB

Hugo Boss

United Kingdom

BL

Bill Lowery

United States

C

Corran

United Kingdom

Thereze Ovid

Brooklyn, New York, United States

Darren Jeppson

Denver, Colorado, United States

H

Haley

United States

N

Nicholas

Australia

Raoul

Germany

sbdoc

Reno, United States

AM

Andy Marston

United Kingdom

Claire Lewis

Wales Uk, United Kingdom

A

apolet

United States

E

EJOBIV

United States

L

Linda

Netherlands

PA

Peter A

New York City, United States

ER

Ellen Ray

United States

MK

Maya Karri

United States

WM

Will Martin

United States

Severin Zörgiebel

Frankfurt, Germany

T

Tineke

New Zealand

Jim Murray

United States

SN

Sam Noyce

United States

Marcelo De Polli

São Paulo, Brazil

CH

Christian Holck

United Kingdom

AM

Angela Mason

United States

TD

Tim Duthie

United Kingdom

A

Ayse

Switzerland

Rouage London

London, United Kingdom

OD

Oscar Duignan

United Kingdom

ET

Emma Turner

United Kingdom

R

Renee

United States

WV

Wouter van Buizen

Amsterdam, Netherlands

DO

Denis Ontiveros

Guildford, United Kingdom

S

Sandra

United States

B

Ben

United States

Canada

HW

Harry Wegert

United States

AO

Ahmed Omar

Netherlands

M

marco

Netherlands

We Not Me

St. Paul, Minnesota, United States

M

Mike

California, United States

AR

Axel Ratzer

Neuss, Germany

KC

Ken C

United States

United States

R

RM

Australia

KM

Karen Marshall

Alice Springs, Australia

D

Dave

Canada

Girolamo Marroccoli

Basel, Switzerland

D

David

United States

H

hayeswmiller

United States

J

John

United States

Francesca

Scotch Plains - New Jersey, United States

CL

Chris Lee

United States

The Krugers

NY NY, United States

Gerhard

Vienna, Austria

SW

SL Wilson

United States

AF

Amon Feen

Göttingen, Germany

M

Mika

Switzerland

Peter Collins

Darmstadt, Germany

CE

Christopher Engleright

Stafford, United States

D

Delph

United States

RS

Ralph Smyth

United Kingdom

GF

Gammon Family

United States

NB

Nikolaus Bührer

Karlsruhe, Germany

Angela Chu

Toronto, Canada

Ask Richard 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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