Retail food, grocery and beauty products

Lillian

Lusaka, Zambia

100% repaid

Entrepreneur

Name

Lillian

Member since

December 2017

On-time repayments

16 installments  •  88%

About Me

IM LILLIAN CHIKOTI, I DID MY PRIMARY AND SECONDARY SCHOOL ON THE COPPERBELT. I DID MY AGRICULTURE COURSE HERE IN LUSAKA. THEN I DID MY SOCIAL WORK AT THE UNIVERSITY OF ZAMBIA. I AM CURRENTLY RUNNING A PROJECT FOR ORPHANS AND VULNERABLE CHILDREN. I AM A MOTHER OF TWO AND SIX GRAND CHILDREN. I AM A WIDOW AND I JUST SET UP A SMALL BUSINESS TO SUSTAIN ME AND MY FAMILY. I NEEDED MORE CAPITAL TO HELP IN THE GROWTH OF THE BUSINESS. I LOVE TO GO OUT IN MY COMMUNITY AND IDENTIFY WAYS IN WHICH I CAN ASSIST THE VULNERABLE PEOPLE AND CHILDREN.

My Business

MY SOURCE OF INCOME IS MAINLY FROM THE SMALL BUSINESS THAT I AM RUNNING. I AM TRADING IN DIFFERENT TYPES OF GOODS AND SERVICES. I SELL GROCERIES, FOOD STUFF AND BEAUTY PRODUCTS. I IDENTIFIED THAT PEOPLE IN MY AREA HAD TO TRAVEL FAR TO OBTAIN THESE GOODS AND SERVICES. I USUALLY HAVE TO PAY RENTALS FOR THE PLACE I AM USING FOR TRADING AS I HAVE NOT BOUGHT MY OWN YET. THE PROFITS I GET ARE USED FOR SCHOOL FEES AND UPKEEP AT HOME. ANY EXTRA GOES TO HELP THE VULNERABLE AND INVESTMENTS.

Loan Proposal

WITH THIS LOAN I WANT TO BUY MORE PRODUCTS FOR MY BUSINESS. IT WILL REALLY HELP ME INCREASE MY CAPITAL AS WELL AS MY PROFITABILITY. I HOPE TO INCREASE MY PROFITABILITY BY 30%. IT WILL BENEFIT MY CHILDREN AS WELL AS THE ORPHANS THAT I LOOK AFTER IN MY COMMUNITY. I WILL NEED A TOTAL AMOUNT OF ABOUT $600 TO BUY GROCERIES, BEAUTY PRODUCTS AND FOOD TO RESELL.

Feedback

1

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  • Peter Waldie    Mar 13, 2018

    Lillian repaid her loan ahead of schedule. I will happily loan to Lillian's projects again.

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Loan Info

Project Type

Classic Loan

Disbursed amount

$33.00

Date disbursed

Mar 18, 2018

Repayment status

On Time

Projected term

5 weeks

Lenders

John Minges

United States

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