1 weekly installment • 100%
My name is Monica Phiri and I come from Mufulira. I grew up with my mother after she was divorced when I was just young. My mother was selling in the market until when she got paralysed 3 years ago thats how I abandoned school and had to continue with selling so that i buy food and take care of my mother and 2 siblings. Life has been challenging but I am a very determined person.
Like I said i sell clothes in our shop in the market. This is where my mother was also selling before she became ill. The sale are okay except that I need extra capital to pump in the business so that it can grow.I therefore need a loan to support my business.
It is rain season and schools have reopened. There is demand for raincoats and umbrellas especially for school kids. Am applying for this loan so that I stock my shop with raincoats and umbrellas. From the loan I will get 10 of each and am determined to sell and make a profit. All profit will enable me to reinvest in the business.
I am very sure that from the clothing sales in the shop, am able to make enough money to pay back the loan. I will really appreciate if I can be helped by Zidisha.
Feb 5, 2021
Cost of loan
Service fee: 5% of $94.17 = $4.62
Credit risk payment: $11.13
Optional expediting fee: $9.29