Selling mealie meal

Mathews

Chililabombwe, Zambia

33% repaid

Follow Mathews

How it Works

Entrepreneur

Name

Mathews

Member since

December 2020

On-time repayments

11 installments • 64%

About Me

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.

My Business

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.

Loan Proposal

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.

Income Source

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.