Motorbike purchase for driving school

Malangiza Banda

Chingola, Zambia

6% repaid

Entrepreneur

Name

Malangiza Banda

Member since

May 2020

On-time repayments

39 installments  •  33%

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

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Loan Info

Project Type

Classic Loan

Disbursed amount

$855.00

Date disbursed

Sep 11, 2020

Repayment status

Late

Projected term

6 months

Lenders

Scott

Oregon, United States

sebastienrosa

Quebec, Canada

G

guenter

Bremen, Germany

IM

Isak Maaseide

Tromso, Norway, Norway

L

Lolababalola

Ames, United States

S

Sjors

Eindhoven, Netherlands

TomF925

www.AfricaLeap.com, United States

T

tophini

Alma, United States

larry

Sweden

rjb

Phnom Penh, Cambodia, United Kingdom

Wendy

Los Angeles, United States

AS

Asa Svensson

Stockholm, Sweden

Ondrej Gutten

Prague, Czech Republic

H

Hans

Czech Republic

Thomas Naimoli

United States

Vratik Krocik

Prague, Czech Republic

Tilman Schweitzer

Mainz, Germany

Ronald Chua

Kuala Lumpur, Malaysia

A

Aleks

United States

MM

Mac McKiva

United States

A

Anonymous

United States

Darrell Burgan

Dallas, TX, United States

Amanda Strombeck

United States

A

Anne

Germany

Frosty

North Pole, United States

Sayuri

United Kingdom

David Hopkins

United States

M

Michael

Netherlands

KC

KinHo Chan

United States

DK

Daniel Kalla

Saint Paul, United States

T

Thijs

Netherlands

Babbitt Family Foundation

Reno, United States

S

Simon

Germany

A

Andy

United States

E

Esma

United States

S

Sabastian

United States

Lance bass

Glasgow, United Kingdom

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Summary

Amount repaid

$54.20

Amount remaining

$801.36

Expected completion

Apr 2, 2021

Status

Repaying late

Installment amount

$26.99

Repayment History

Expected Payments Actual Payments
Sep 18, 2020 $0.00
Sep 25, 2020 $0.00
Oct 2, 2020 $0.00
Oct 9, 2020 $0.00
Oct 16, 2020 $0.00
Oct 23, 2020 $0.00
Oct 30, 2020 $0.00
Nov 6, 2020 $0.00
Nov 13, 2020 $0.00
Nov 20, 2020 $0.00
Nov 27, 2020 $0.00
Dec 4, 2020 $0.00
Dec 11, 2020 $0.00
Dec 18, 2020 $26.99 Dec 18, 2020 $26.99
Dec 25, 2020 $26.99 Dec 29, 2020 $26.99
Jan 1, 2021 $26.99 Dec 29, 2020 $0.22
Jan 8, 2021 $26.99
Jan 15, 2021 $26.99
Jan 22, 2021 $65.85
Jan 29, 2021 $65.85
Feb 5, 2021 $65.85
Feb 12, 2021 $65.85
Feb 19, 2021 $65.85
Feb 26, 2021 $65.85
Mar 5, 2021 $65.85
Mar 12, 2021 $65.85
Mar 19, 2021 $65.85
Mar 26, 2021 $65.85
Apr 2, 2021 $62.10

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