Restocking

Mark Banda

Lusaka, Zambia

100% repaid

Entrepreneur

Name

Mark Banda

Member since

October 2020

On-time repayments

26 installments  •  38%

About Me

I am a small scale Farmer and bar/ liquor business man. I started my business in 2018 after I dropped out of university to sponsor my siblings education. I am the only breadwinner of my family and with this economy it has been far from easy. but I am grateful that my farming and business is able to sustain me despite all the challenges.

My Business

Shi konko umu folo Bar is a unique gathering place in lusaka. By providing exemplary service a vast selection of beer and wines and local award winning food in a relaxed comfortable setting, the Shi konko umu folo is the premier bar that ‘the locals’ go to in lusaka Zambia.

I am also a farmer mainly in maize farming that is seasonal as now is the rainy season in Southern Africa I have ventured in maize and cotton farming. Zambias staple food being maize I contribute to the 2% of the countries maize stocks.

Loan Proposal

With this loan, I want to restock my bar with beverages that will be more than enough during this festival season.

Income Source

The bar business is a business that is always running as almost everyone wants to have a drink. I make so much sales during the weekend hence it’s almost impossible for me not repay my loan.

My Videos

Jan 14, 2021: Removing the weeds from the crops

Feedback

None

None

None

Loan Info

Project Type

Classic Loan

Disbursed amount

$181.93

Date disbursed

Dec 11, 2020

Repayment status

On Time

Projected term

2 weeks

Cost to entrepreneur

Service fee: $9.88

Credit risk payment: $17.75

Optional expediting fee: $19.76

Lenders

mtnsailor

Harrisonburg, United States

PG

Paul Graham

United States

Paul Smithson

Leeds, United Kingdom

LM

Lee Montecucco

Washington State, United States

Ask Mark 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...