Entrepreneur
Name
Davy
Member since
August 2020
On-time repayments
15 installments • 7%
About Me
My name is Davy Shamwenda i come from a humble family.I went to Matero Boys Secondary School and completed my high school.I have had the passion for business since the day i was at school.I was inspired to do business because i come from a family full of business executives.The main culture is christian value and Zambia is a christian nation.I wish my children too to become big business ladies and gentlemen when they graduate in future.I loving going to the game park to watch the wild life and also i love watching football.
My Business
I deal in clothing sales, i ran a boutique in our community and sell a variety of clothing mainly for ladies and men.It is main source of income and livelihood and the clothing i sell are very useful and on daily demand for working class and individuals.I have invested ZMW 10,000.00 as my working capital and weekly i make a profit of ZMW 2000.00.As i want to grow my business i use the profits to expand and create another boutique for the clothing sales.I also use some funds for home improvement,
Loan Proposal
I need to purchase building blocks and roofing sheets for the construction of a modern shop, i need to expand the shop and start stocking assorted office men
's suits, ladies and shoes.If i expand the shop am expected to generating more income currently weekly am getting ZMW 2,000.00 and should i expand am expected to be making ZMW 4,500.00 as profits per week.
Income Source
At my shop i have created a flexible way of repayment for customers, pay slow and collect later, pay half and collector upon full payment and cash basis, this help me generate daily income in situation when business is not doing fine.All in all, my business is generates daily which is affordable to repay the loan in next coming week.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$26.00
Date disbursed
Aug 25, 2020
Repayment status
On Time
Projected term
2 months
Other loans
Lenders
Wellington, New Zealand
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