To buy stock of fireworks for New Year's celebration

Philip Nthani

Lusaka, Zambia

100% repaid

Entrepreneur

Name

Philip Nthani

Member since

September 2020

On-time repayments

18 installments  •  67%

About Me

Am Philip from Lusaka, although i have lived in Choma, Chingola, Kitwe & Kapiri before. I have been unlucky finding work/ employment in that i mostly just work for a year or 2. Until i started my own business back in Choma & moved it into Lusaka where i am now.
I understand i can only progress if i take risks, hence i need to increase my business by 110%.
Currently my business has been steadily growing because of the loans i have been getting from ZIDISHA, am a living testimony of how ZIDISHA is slowly changing my business.

My Business

My business is mostly trading, i sale groceries & am hoping to open a Bar if i can raise enough capital.

Loan Proposal

As its the festive season, i intend to use all of this money to buy primarily fireworks as they are being bought like hot cakes. I have a supplier coming in next week with new stock and really need to buy for the new years celebration, hence my application for this loan at this time.

Income Source

The inventory i intend to buy has a wide & big market at the moment and i intend to repay this loan within the next 2 - 3 weeks tops. As alot of people are buying fireworks and the economic situation seems not to affect this business.

Feedback

None

None

None

Loan Info

Project Type

Classic Loan

Disbursed amount

$167.78

Date disbursed

Dec 27, 2020

Repayment status

On Time

Projected term

4 weeks

Cost to entrepreneur

Service fee: $10.23

Credit risk payment: $30.70

Optional expediting fee: $20.47

Lenders

cyrus0302

San Francisco, United States

lietu

Tallinn, Estonia

DeanDropshot

Oslo, Norway

L

Lucy2012

London, United Kingdom

G

glomardor

Leonardtown, United States

S

SvenWaage

Stavanger, Norway

8

8chrono8

London, United Kingdom

mortenmost

Oslo, Norway

L

Leonora

TÄBY, Sweden

soniad

Dubai, United Arab Emirates

M

moodystreet1

United States

A

Anonymouse

Netherlands

Jamal Hamou

Cascadia, Canada

Mike and Jacqui

United Kingdom

Dave Bogard

New York, United States

Kristin Rhodes

Kansas City, Kansas, United States

moursund

Beaver Nation, United States

C

cota

United States

ME

Manaal Eisa

Washington DC, United States

Mark Grey

Redding, CT, United States

Rory McLaughlin

Dallas, United States

M

Maiia

United Kingdom

Sinan Taifour

Munich, Germany, Germany

SA

Shar Alamdari

Los Angeles, United States

D

Dalton

San Francisco, United States

HCPSPIRIT

Helsinki, Finland

Paul Buchheit

Mountain View, United States

LM

Lee Montecucco

Washington State, United States

Ryan Agnew

Australia

DO

Denis Ontiveros

Guildford, United Kingdom

EA

Eric Ayers

Atlanta, United States

M

Mika

Switzerland

CJ

Carrie Jean

United States

C

Camm

Australia

RS

Ralph Smyth

United Kingdom

GF

Gammon Family

United States

CL

Caleb Liu

United States

MC

Mike Cormack

Vancouver, Canada

MN

Mike Newhof

Grand Rapids, MI, United States

CG

Chris Greene

Birmingham, AL, United States

FS

Finlay Stuart

United Kingdom

T

Timo

Germany

W

Wim

Deventer, Netherlands

B

Bharat

Princeton, United States

SS

Sabrina Shuss

United States

Ask Philip a question about this loan project, share news and photos of your own, or send a simple note of thanks or inspiration.

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  • John Mumba    Apr 14, 2021

    I talked to Philip and he tald me that his business wasn't going fine therefore he is going to start repaying on Monday next week.

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  • Deborah Makuwa    Mar 7, 2021

    I have spoken to Philip and he has promised to adjust and starting paying by thursday

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  • Philip Nthani    Feb 2, 2021

    I plan to use the loan to purchase more stock for my shop.
    Once again thank you very much for the loan.

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  • Philip Nthani    Feb 2, 2021

    I spent the last loan on buying new stock for my shop, as am trying to build it up strongly.
    Once again thank you very much for the loan

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  • Philip Nthani    Jan 17, 2021

    I plan to buy new stock for my business, once again thank you very much for the loan

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  • Philip Nthani    Jan 16, 2021

    I managed to buy the fireworks for New year's, even if the expedition fee ate into the money I needed, that was my only draw back, I used money from other sources to cover that part though.
    Once again I would like to thank you very much for the money as it's help alot. I only ask if the funding periods can be reduced in order for us to get the loans faster.
    Thank you once again

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  • Philip Nthani    Jan 10, 2021

    Good morning, I managed to buy the fireworks for New year's celebrations, although the money had been reduced due to the expedition fee, I got what I could.
    I sold out all stock even managed to buy more at the time.
    Thank you very much for the loans & hope my next application will be considered favorably & timely.

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  • Philip Nthani    Dec 28, 2020

    I received K2,428 & have already bought the fireworks I planned to buy, thank you very much for the money & I assure you will pay back on time every time.
    Thank you once more

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  • Philip Nthani    Dec 27, 2020

    I plan to buy stock of fireworks tomorrow morning so I can target new year's Eve. Once again thank you for this opportunity to progress my business

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  • Philip Nthani    Dec 26, 2020

    I used all of my last loan to buy fireworks for this festive season & that was not enough as i need more money. Never the less, the money helped me alot, as such i say thank you very much & please continue helping me in this line.

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  • Philip Nthani    Dec 19, 2020

    I bought a few stock items of fireworks as there is high demand for that right now & as am saying my stock has remained very little right now & in need for more.
    Once more thank you very much for the money.

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  • Philip Nthani    Dec 6, 2020

    I plan to add to my money to buy fireworks stock in preparation for New year's celebrations as people buy alot during this time.
    Once again thank you very much for the opportunity

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  • Philip Nthani    Nov 28, 2020

    I used the money to buy stock, specifically water for sale on retail price for my shop.
    Attached is photo of part of the stock i bought. Once more i thank you for the loan.

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  • Philip Nthani    Nov 26, 2020

    I received K246 which I used to pay for my electricity, water and garbage collection bills for my shop.
    I would love to thank you my lenders for this opportunity & will pay it back on time

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  • Philip Nthani    Nov 21, 2020

    The last loan come in handy in that I had a family emergency at the village & was forced to use the money there instead, hence paid it off a late. Otherwise it really helped me alot & now wish to continue with my plans

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  • Philip Nthani    Nov 2, 2020

    I am currently at the village as we had a family problem & will settle the full amount by end of next week

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  • Philip Nthani    Oct 7, 2020

    Am using this money to buy new items that I have never stocked in the shop before, it's given me a chance to increase items in the shop.
    Thanks very much for loan

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  • Philip Nthani    Oct 7, 2020

    I plan to buy some new stock for my shop, it will help me buy a different type of stock I need in my shop.
    Thanks for the loan very much

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  • Philip Nthani    Oct 6, 2020

    First i would love to thank my lenders for the opportunity rendered to me. I used the loan to help settle some outstanding bills for my shop, like Electricity and water bills.
    The remainder i reinvested it back to help grow my credit limit.

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  • Philip Nthani    Oct 5, 2020

    I received ZMW 454 & i used the money to help pay for my Electricity and water bills for my shop.
    I would you to thank you very very much for this opportunity.

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