Selling building materials in my hardware
Alfred Kunda
Kitwe, Zambia
100% repaid
Entrepreneur
Name
Alfred Kunda
Member since
December 2020
On-time repayments
20 installments • 35%
About Me
My name is Alfred Kunda and am a business man raised in a family of business minded people. I faced a lot of challenges when growing up and my education was affected but i have always had hope and passion to do well in my business. I have a diploma in Business management and this has helped me to set my small businesses , i have 4 mobile money booths and a hardware shop where am mostly found. I am married with one child her name is Princess and she wants to be an engineer when she grows up.
My Business
I have two small businesss i have mobile money business and also have a hardware shop. From the mobile money booths people transact money and at the end of the month i get commissions from MTN. This has been a stable source of income for me. The other source of income is hardware shop where i sell various items especially building materials. I chose this business because a lot of people are building and need these materials.I make profit which i use for daily needs at home and mainly i reinvest in my business so that i can expand my businesses.
Loan Proposal
First and foremost I thank Zidisha for helping me with a loan. This loan am applying for I want to order assorted building materials for sale in my hardware shop. I will buy rolls of black plastic, cornforce wire, brickforce wires and nails in different sizes..I usually stock various building materials such as sinks, bath tabs, doors, window frames, cement etc.So I want to increase my stock with those materials i have mentioned above. The profit i will make sure to repay loan on time.
Income Source
From my daily sales in my hardware shop i save some money so from there i can repay. Also the mobile money business i do is very profitable so i can also get some money from there. I am not worried about the harsh economy atleast am making something.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$127.21
Date disbursed
Jan 12, 2021
Repayment status
On Time
Projected term
4 weeks
Cost to entrepreneur
Service fee: $7.75
Credit risk payment:
$20.17
Optional expediting fee:
$15.50
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