Restocking my bar

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 plan on adding more beverage stock in my bar as it is the festival season and we are expecting a record number of customers during this week to come to my bar of course adherent to COVID-19 protocols.

Income Source

With the type of business I’m in it’s almost impossible for my business to face setbacks as I always have sales all the time because most people like to have a drink hence making the business run during this time.

My Videos

Jan 14, 2021: Removing the weeds from the crops

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$319.63

Date disbursed

Dec 26, 2020

Repayment status

On Time

Projected term

6 weeks

Cost to entrepreneur

Service fee: $19.52

Credit risk payment: $42.95

Lenders

HI

Highly Improbable

Saskatoon, Canada

Cloudways

Malta, Malta

W

WinWinNL

The Hague, Netherlands

A

Anonymous

United States

DD

Diego Donoso

United States

MH

Martin Hammick

United Kingdom

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

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