Restocking inventory

Esther Theo

Lusaka, Zambia

100% repaid

Entrepreneur

Name

Esther Theo

Member since

September 2020

On-time repayments

58 installments  •  29%

About Me

My name is Esther Theo. I am a small scale retailer . I started out 3 years ago when I wasnt able to find employment after I graduated from University to support my parents and my 4 adopted children. I saw the need to open a grocery store in my area because there was none. We had to go far just to look for a shop that sells groceries. My aim was to give back to the community what it gave to me growing up. I started up with a very small hand made shop and then as I grew my revenue I was able to pay for rent in a bigger shop.

My Business

My business is a retail grocery store were I sale house hold groceries and food stuff. My business supports me and my family. Now that schools are open, it will boost my revenue and enable me to pay for my children's school fees and supplies. They mean everything to me, and I really want to give them good quality education to secure their future. I plan on expanding my retail business. In my area, there are no butcheries in radius so I plan on buying some chickens so that I can repack them and sale them . With the high demand for meat in my neighborhood, I am certain that I will earn profit and pay back this money with no difficulties. In the near future I plan on expanding my business into a butchery. If all goes well, I will start raring chickens on a small scale so as to increase supply in my venture.

Loan Proposal

With this loan I will restock some frozen foods so that I can slowly open up a butchery as there is no butchery in my neighborhood

Income Source

I'm assured that I will get back my profit because people are always short of food stuffs. My store being a retail food store always has business because people always need food supplies

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$100.68

Date disbursed

Nov 25, 2020

Repayment status

On Time

Projected term

3 weeks

Cost to entrepreneur

Service fee: $10.94

Credit risk payment: $12.01

Lenders

PaulE

Cockeysville, MD, United States

Rdcmole

Cincinnati, United States

M

MikeOWave

United States

Emma

Australia

Dan Brinkman

Lynden, WA, United States

R

Ray

Australia

EA

Eric Albert

United States

EG

Erik G

Switzerland

KM

Kirk Moore

Cerdanyola del Vallès, Spain

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