Motorbike purchase for driving school

Malangiza Banda Chaziya

Chingola, Zambia

6% repaid

Entrepreneur

Name

Malangiza Banda Chaziya

Location

Chingola, Zambia

On-time repayments

32 weekly installments  •  38%

About Me

I am a family man, running my own business since 2013. I started doing business when I was in school and always have had a "side hustle," even when I was in full-time employment.

Now, I am a full-time business owner, and I am looking to grow and expand my business.

My Business

I do customs clearing and forwarding as my main business, and I currently also
run a driving school on the side.

The driving school is now well-established and we're getting more and more clients.
We're trying to do more advertising so we can be out there for more clients to know
about us. It has been a challenge, but it all has been great to the last bit.

Loan Proposal

I plan to purchase a motorbike for the driving school. This would be used to train students who are interested in learning how to drive a motorbike and to obtain a rider's licence.
This is a sector that currently is unexplored in our town, as no one else is offering this service.

Income Source

Risk and Revenue Information: The driving school has not been affected by any lockdown due to the COVID-19 pandemic. In fact, the pandemic has not had a major effect on businesses in my country. Yes, this is everywhere in the world, but businesses are operating here in the same way that they used to.

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Show original English  

About Me

AM A FAMILY MAN BEING RUNNING MY OWN BUSINESS FOR THE PAST SEVEN YEARS SINCE 2013. I STARTED DOING BUSINESS WHEN I WAS IN SCHOOL AND HAVE ALWAYS HAD A SIDE HUSTLE EVEN WHEN I WAS IN FULL TIME EMPLOYMENT. NOW A FULL TIME BUSINESS OWNER AND LOOKING TO GROW AND EXPEND MY BUSINESS.

My Business

I CURRENTLY RUN A DRIVING SCHOOL AND DO CUSTOMS CLEARING AND FORWARDING AS MY MAIN BUSINESS. The driving school is now well established and we getting more and more clients. We trying to do more advertising so we can be out there for more clients to know about us.
It has been a challenge but it has all been great to the last bit.

Loan Proposal

I plan to purchase a motor bike for the driving school. This will be used to train students who are interested in learning how to drive a motor bikes and obtain a rider's licence. This is a sector that is currently unexplode in our town and no one is offering this service.

Feedback

None

None

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Lenders

Babbitt Family Foundation

Sioux Falls, SD,  United States

Lance bass

Glasgow,  United Kingdom

Sayuri

Canada

David Hopkins

United States

Frosty

North Pole,  United States

Amanda Strombeck

United States

Darrell Burgan

Dallas, TX,  United States

Ronald Chua

Kuala Lumpur,  Malaysia

rjb

Phnom Penh, Cambodia,  United Kingdom

Vratik Krocik

Prague,  Czech Republic

TomF925

www.AfricaLeap.com,  United States

Ondrej Gutten

Prague,  Czech Republic

Wendy

Los Angeles,  United States

larry

Sweden

sebastienrosa

Quebec,  Canada

Scott

Oregon,  United States

A

Andy

United States

JD

Jen Davies

United States

DK

Daniel Kalla

Saint Paul,  United States

KC

KinHo Chan

United States

H

Hans

Czech Republic

IM

Isak Maaseide

Tromso, Norway,  Norway

G

guenter

Bremen,  Germany

L

Lolababalola

Ames,  United States

S

Sjors

Eindhoven,  Netherlands

T

tophini

Alma,  United States

AS

Asa Svensson

Stockholm,  Sweden

H

Heather

United States

GC

Gabriel Collins

United Kingdom

A

Aleks

United States

MM

Mac McKiva

United States

T

Thijs

Netherlands

S

Simon

Germany

E

Esma

United States

S

Sabastian

United States

Show all

Loan Info

Disbursed amount

$855.57

Date disbursed

Sep 11, 2020

Repayment status

Late

Projected term

6 months

Cost of loan

Service fee: 10% of $855.57 = $74.14

Credit risk payment: $111.21

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