Purchase of a sewing machine

Nkole Musonda

Lusaka, Zambia

100% repaid

Entrepreneur

Name

Nkole Musonda

Member since

October 2019

On-time repayments

82 installments  •  60%

About Me

iam a business minded and oriented person. Ever since i was young my dream was to have my own business. In secondary school i used to sell gadgets like phones and computers and the money i got from the sells i was able to save and after i completed secondary school i was able to use the money i saved to open up my own internet cafe and enter into poultry business. Eventually i started mobile money business which iam still doing now aswel as stationary. The businesses iam doing also helped me through college and further my studies after college.

My Business

i run a mobile money business, stationary shop and internet cafe. The internet cafe business helps me get additional income through the lecturing of clients who want to learn about the basic knowledge about computer application. Most of my clients are persons who have completed school who are eager to learn computers. others are business persons learning computer to gain knowledge that will help them in their business. in the cafe i also sell food stuffs and i have a stationary shop aswel. the money i get i use it to support my family and further my studies.

Loan Proposal

I will like to purchase a sewing machine to saw clothes with. I wish to start sewing clothes. I have an interest in sewing clothes and i have been wanting to own a sewing machine for me to saw clothes. I learnt the skill of sewing from my uncle but the fact that i dont have a sewing machine is affecting me because i want to start sawing aswell but i do not have enough money to buy a new one. I believe me owning a sewing machine will help me start up a business and help me aswell to fend for my family and aswel as me.

Income Source

I own a barber shop and my own mobile money business which are operational aswel as an internet cafe. These businesses have been allowed in the country in this time of corona virus and so they will help me pay back the loan in time without skipping a day.

Feedback

3

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Loan Info

Project Type

Classic Loan

Disbursed amount

$544.10

Date disbursed

May 13, 2020

Repayment status

On Time

Projected term

6 months

Cost to entrepreneur

Service fee: $37.74

Credit risk payment: $56.67

Lenders

AltruisticSelfishnes

Chicago, United States

nicole

Worcester, Ma, United States

J

JeanSmith

Mercer County, United States

MC

Michael Cyr

Belgrade, Maine, Usa, United States

MarktheMormon

Sandy, Utah, United States

T

Tallago3

Munich, Germany

R

rmacaw

Australia

G

glomardor

Leonardtown, United States

Cloudways

Malta, Malta

ads68

Melbourne, Australia

A

AndrewC

London, United Kingdom

soniad

Dubai, United Arab Emirates

mikeice

Kohler, United States

dlpringle

Denver, United States

TomF925

www.AfricaLeap.com, United States

sderickson

Berkeley, CA, United States

Arjan Geven

Vienna, Austria

Mike and Jacqui

United Kingdom

S

Stephan

Netherlands

S

Sven

Netherlands

Dave Bogard

New York, United States

moursund

Beaver Nation, United States

Kevin

San Francisco, United States

I

Ian

United Kingdom

Vratik Krocik

Prague, Czech Republic

Jim Murray

United States

HL

Harris Lin

New Zealand

Kevin Kong

San Francisco, CA, United States

Sayuri

United Kingdom

Frank

Germany

A

Anonymous

United Kingdom

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