Restocking of beverages

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 that I’m getting in going to restock Alchole and finish renovating the bar building. With this loan I’m getting i am going to buy different kinds of Alchole.

Income Source

With the type of business I am into the risks are almost 0% as almost everyone is drinking a beverage and now that the weather is hot the business is very good such that on weekends we make 98% sales .

My Videos

Jan 14, 2021: Removing the weeds from the crops

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$165.39

Date disbursed

Nov 29, 2020

Repayment status

On Time

Projected term

1 week

Cost to entrepreneur

Service fee: $17.92

Credit risk payment: $14.37

Lenders

John Minges

United States

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