Adding maize to my food shop's inventory

Fostina Himoonga

Block D, Zambia

100% repaid

Entrepreneur

Name

Fostina Himoonga

Member since

January 2016

On-time repayments

179 installments  •  60%

About Me

I'm a happily married woman with 3 children of my own. I also help to raise some nieces and nephews. My eldest son is in secondary school right now and my husband and I are working hard to support his education as well as the education of our other children. My husband and I have a small farm as well as a store in Monze town. We want to be able to expand our business, but most of our profit goes into paying for school fees, leaving little to invest.

My Business

I have a small store in the town of Monze where I sell beans, kapenta (fish), and cooking oil. I buy the beans, kapenta, and cooking oil wholesale and then sell them in varying sizes. On a bag of beans, I can make about 400 kwacha profit. With paying for school fees, though, I run into a tough time reinvesting into the business as much of the profit goes to education costs for our children. I want to be able to diversify my income sources. I want to add Maize to my store as well. My first loan helped us a lot and we were able to save money.

Loan Proposal

At my store we are currently selling beans, kapenta, cooking oil, and we want to be selling maize too. We can buy maize for a good price right now and sell it higher. It'll be a good addition to the store. I am also still paying school fees for my children. The oldest is in 8th grade in the Copperbelt and we want him to be able to stay in school.

Show original English  

About Me

I'm a happily married woman with 3 children of my own as well as helping to raise some nieces and nephews. My eldest son is in secondary school right now and my husband and I are working hard to support his education as well as the education of our other children. My husband and I have a small farm as well as a store in Monze town. We want to be able to expand our business, but most profit goes into paying for school fees, leaving little to invest.

My Business

I have a small store in Monze Town where I am selling beans, kapenta (fish), and cooking oil. I buy the beans, kapenta, and cooking oil wholesale and then sell them in varying sizes. On a bag of beans I can make about 400 kwacha profit. With paying for school fees though, I run into a tough time reinvesting into the business as much of the profit goes to education costs for our children. I want to be able to diversify my income sources. I want to add Maize to my store as well. My first loan helped us a lot and we were able to save money. My second loan was also very helpful and we were able to invest more into education.

Loan Proposal

At my store we are currently selling Beans, Kapenta, Cooking Oil, and we want to be selling Maize too. We can buy maize for a good price right now and sell it higher. It'll be a good addition to the store. I am also still paying school fees for my children. The oldest is in 8th grade in the Copperbelt and we want him to be able to stay in school

Feedback

None

None

None

Loan Info

Project Type

Classic Loan

Disbursed amount

$264.91

Date disbursed

Feb 28, 2017

Repayment status

On Time

Projected term

12 months

Cost to entrepreneur

Service fee: $7.57

Lenders

T

Tmann

Los Angeles, United States

BelleStarr

Albuquerque, United States

Cordula

Cologne, Germany

Tavin

Ottawa, Canada

juliemartha

Lake Mary, United States

ads68

Melbourne, Australia

Treesforpeople

Oxfordshire, United Kingdom

mojobob

Hayward, United States

D

drorm

United States

Paul Buchheit

Mountain View, United States

R

Reiners

Australia

V

vbud

United States

Loungin

United States

G

GEMMGMT

United States

Janet Merrill Miller

The Mossy Pacific Northwest, United States

S

Sven

Netherlands

Gab

Singapore

MD

Miles Dodge

CORVALLIS, United States

MW

Matt Willis

United States

Matt B

Stratford Upon Avon, United Kingdom

MR

Michiel Rauws

San Francisco, Netherlands

PG

Paul Graham

United States

TO

Thomas O'Neil

United States

MC

Mark Cowburn

United States

Ren

Minneapolis/StPaul, United States

A

Annekatrin

Switzerland

Craig Newmark

United States

The Zinc Team

San Francisco, United States

Benjamin Kniaz

Boston, United States

Humble Bundle Community

San Francisco, United States

JS

Jason Strauss

United States

D

Dalton

San Francisco, United States

The X2AI Team

San Francisco, United States

Dean Suminski

Portland, Oregon, United States

JF

J Fister

United States

DW

Dan Winetsky

United States

Paul Buchheit

Mountain View, United States

Maggie Rouse

Cheyenne, Wyoming, United States

Jane

Ontario, Canada

F

Florian

Netherlands

Ask Fostina a question about this loan project, share news and photos of your own, or send a simple note of thanks or inspiration.

Loading...

Loading...

Loading...