Veronica
Kitwe, Zambia
100% repaid
Name
Veronica
Member since
July 2020
On-time repayments
54 installments • 69%
My name is Veronica Phiri and am 36 years of age.I completed my high and at Ndeke Secondary School in Kitwe and i did obtain very good results.I hold a Diploma in business management.Due to jobs that are scarce nowdays i have decided to engage myself in entrepreneurship.
I ran a grocery in our community and i sale a variety of goods, where my source of income comes from.I sale home essential goods mainly groceries and cosmetics in the shop.This kind of business is highly profitable all it needs is good capital to stock up the people's needs.my typical cost is over 35,000 ZMW, of which i make over 4,500 ZMW weekly profits meant for restocking of new stock and some of it for home improvement.
I have ran out of the cooking oil stock and white spoon suqar in the grocery shop.This commodities sell very fast and their are most basic needs that customers mostly buy in the shop and the profit margin very good.From two items am able to make 600 ZMW twice per week.
Despite economic climate essential needs for home use people are able to buy for consumption.This type of business has not been heavily effected though some times business is slow but am able to sell and make good income for my business.
Jan 8, 2021: Grocery business
Positive
None
Neutral
None
Negative
1
Project Type
Classic Loan
Disbursed amount
$27.00
Date disbursed
Aug 4, 2020
Repayment status
On Time
Projected term
1 week
Other loans
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Jari Sep 11, 2021
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