Capital for food-retail business & pay university fees for my daughter
Richard
Simunchembu, Zambia
100% repaid
Entrepreneur
Name
Richard
Member since
October 2015
On-time repayments
165 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
I ran a food retail shop and it is the main source of income and my livelihood, this is the same business that helps me pay school for children and improve the standard of living for my family.However,due to increase of tuition fees of daughter who is at the University, i need to raise $90.00 which will be able to assist me cover tuition fees and also boost my business.The loan will benefit by educating my daughter and boost the business for more income generation and sustain the business.
Feedback
Positive
4
Neutral
None
Negative
None
Loan Info
Project Type
Classic Loan
Disbursed amount
$815.00
Date disbursed
Jul 28, 2018
Repayment status
On Time
Projected term
5 months
Lenders
United States
Spain
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Summary
Amount repaid
$815.30
Amount remaining
$0.00
Date repaid
Dec 24, 2018
Status
Fully repaid
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Aug 4, 2018 | $41.06 | Aug 4, 2018 | $41.06 |
| Aug 11, 2018 | $41.06 | Aug 10, 2018 | $41.06 |
| Aug 18, 2018 | $41.06 | Aug 17, 2018 | $41.06 |
| Aug 25, 2018 | $41.06 | Aug 27, 2018 | $41.06 |
| Sep 1, 2018 | $41.06 | Sep 3, 2018 | $41.06 |
| Sep 8, 2018 | $41.06 | Sep 10, 2018 | $41.06 |
| Sep 15, 2018 | $41.06 | Sep 14, 2018 | $41.06 |
| Sep 22, 2018 | $41.06 | Sep 30, 2018 | $41.06 |
| Sep 29, 2018 | $0.00 | ||
| Oct 6, 2018 | $15.40 | Oct 28, 2018 | $15.40 |
| Oct 13, 2018 | $15.40 | Oct 28, 2018 | $15.40 |
| Oct 20, 2018 | $15.40 | Oct 28, 2018 | $10.27 |
| Nov 5, 2018 | $5.13 | ||
| Oct 27, 2018 | $15.40 | Nov 5, 2018 | $15.40 |
| Nov 3, 2018 | $41.06 | Nov 5, 2018 | $20.53 |
| Dec 5, 2018 | $20.53 | ||
| Nov 10, 2018 | $41.06 | Dec 5, 2018 | $41.06 |
| Nov 17, 2018 | $41.06 | Dec 5, 2018 | $41.06 |
| Nov 24, 2018 | $41.06 | Dec 10, 2018 | $41.06 |
| Dec 1, 2018 | $41.06 | Dec 10, 2018 | $30.80 |
| Dec 17, 2018 | $10.27 | ||
| Dec 8, 2018 | $41.06 | Dec 17, 2018 | $41.06 |
| Dec 15, 2018 | $41.06 | Dec 21, 2018 | $41.06 |
| Dec 22, 2018 | $41.06 | Dec 21, 2018 | $35.93 |
| Dec 24, 2018 | $5.13 | ||
| Dec 29, 2018 | $41.06 | Dec 24, 2018 | $41.06 |
| Jan 5, 2019 | $41.06 | Dec 24, 2018 | $41.06 |
| Jan 12, 2019 | $14.58 | Dec 24, 2018 | $14.58 |
Margaret Dec 29, 2018
Richard Jan 9, 2019
Mary Oct 12, 2017
Richard Jan 9, 2019
Margaret Oct 12, 2017
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