Name
Mathews
Member since
December 2020
On-time repayments
11 installments • 64%
I am Mathew Musonda am a business man and i own a shop in mufulira,zambia where i sell food staffs for home consumtion. At the same time i work for a security company as a clerk. I am married and i have 4 children, 3 grils and 1 boy. i like spending time with my children whenever i am free.
I sell variety of goods such as cooking oil, mealie meal i sell in bulk, i also sell consumables like washing powder, diapers, soaps, tissues and a lot of things in my shop though am known mainly for mealie meal. The business of selling mealie meal is on demand as we consume a lot of mealie meal in my country. Maize where mealie meal comes from is staple food in zambia so demand is high.
Dear lenders,
I have a grocery shop where I sell flour and mealie meal. I am applying for a loan to buy stock of mealie meal so that I can sell to my customers. I need to get about 20 bags of mealie meal at K110 per 25kg bag then I sell at K130. The profit i make i will spend on my family for christmas so that we can end the year well. I will appreciate my lenders for your help.
I am a worker as clerk for a security company i earn a salary at end of the month so in case my business is affected by harsh economy i will use my salary to repay the loan. But am sure i will also be able to be selling everyday from my shop as these items i sell are actually needed everyday.
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Project Type
Classic Loan
Disbursed amount
$168.00
Date disbursed
Jan 27, 2021
Repayment status
Late
Projected term
6 weeks
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