263 installments • 63%
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 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.
To my lenders the funds will assist me greatly i will be able to order my potatos on time as aswell as pay my rentals and also pallets where to put my stock when selling this will cost me around $200
The benefit is that im creating another stream of income for myself and also creating employment to my fellow youth.
because of the demand and location of my business i expect my businesss profit to increase by 20% as i start.
Considering that business face challenges its inevitable i have planned that from my weekly profits which will be eanerd throug my sells i have put aside an amount to repay my loan on time and also because these are daily sells i will be making planing and saving will be flexible
Jul 3, 2021
Cost to entrepreneur
Service fee: $25.14
Credit risk payment: $100.56
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