Jonathan
Luanshya, Zambia
100% repaid
Name
Jonathan
Member since
December 2020
On-time repayments
11 installments • 45%
I am Jonathan Mweene born in 1998 in Zambia.I grew up in Luanshya where I did my primary education and later concentrated on business. I couldnt finish school after my mother died and she was a single parent. The little benefits that came from the house where she worked as a maid I sell farming inputs especially maize but I also own my own shop where I sell mainly wrappers for women. My business has been growing but with some good capital I can go very far in my business.
My business has two parts, one I order farming products especially maize from different farmers then I sell at the markets and make profit. The other major one I do is I sell clothes and wrappers in my shop which am renting. These wrappers I buy them from Congo DRC and they are good quality. women in Zambia wear wrappers everyday so the demand is very huge. The profit I buy food and save for future use. I am very committed to saving money.
I am so happy to be given this chance to apply for a loan of K2265. I am very confident this money will help me a lot. I want to buy about 20 traditional wrappers known locally as chitenges for sale. These traditional wrappers are worn by both women and men. Men make suits of trousers and shirts and women designs are many. The profit will be good for my business and I will use the profits to buy food and increase my capital.
Apart from selling traditional women wrappers I also sell farm produce like maize and maize in my country is on high demand so am able to repay the loan without so much struggle.
Positive
None
Neutral
None
Negative
None
Project Type
Classic Loan
Disbursed amount
$109.00
Date disbursed
Jan 3, 2021
Repayment status
On Time
Projected term
6 weeks
Other loans
Amount repaid
$109.64
Amount remaining
$0.00
Date repaid
Feb 7, 2021
Status
Fully repaid
Expected Payments | Actual Payments | ||
---|---|---|---|
Jan 12, 2021 | $18.30 | Jan 1, 2021 | $4.60 |
Jan 13, 2021 | $13.70 | ||
Jan 19, 2021 | $18.30 | Jan 13, 2021 | $4.60 |
Jan 20, 2021 | $13.70 | ||
Jan 26, 2021 | $18.30 | Jan 20, 2021 | $4.60 |
Jan 27, 2021 | $13.70 | ||
Feb 2, 2021 | $18.30 | Jan 27, 2021 | $4.60 |
Feb 4, 2021 | $13.70 | ||
Feb 9, 2021 | $18.30 | Feb 4, 2021 | $4.60 |
Feb 7, 2021 | $13.70 | ||
Feb 16, 2021 | $18.15 | Feb 7, 2021 | $18.15 |
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