Loan to purchase household goods for my shop
Moses Mashoko
Lusaka, Zambia
100% repaid
Entrepreneur
Name
Moses Mashoko
Member since
November 2020
On-time repayments
36 installments • 56%
About Me
My name is Moses Mashoko. I live in Lusaka's Chelston area. I am married to a Patricia and together we have three children.
Patricia works as a nurse at one of the local clinics. I am a businessman who hires out motor vehicles to individuals and companies.
Due to the Covid-19 pandemic, transport business has been slow, so I used some of the money which I borrowed from Zidisha lenders to open a grocery store.
My Business
My main business is selling household goods in my Shop which is located in Chelston township.
I sell various types of household goods, such as cleaning detergents, foodstuffs and soft drinks.
Loan Proposal
I plan to use the loan to stock up on essential home supplies for my grocery store.
I recently opened a grocery store in our residential area which sells various types of household goods.
My store has become popular with residents in our area and I am glad that I made the quick decision to invest in a new business, as I am making more money through selling groceries than what I was making in my previous business.
Income Source
My store is situated in a good location of our residential area and this has contributed to the urge profits that I am making.
The shop is located opposite a bus station and when people are going into town or they are coming back home from work, they usually pass through my Shop to buy essential home commodities.
My Videos
Feb 15, 2021: To purchase goods for my shop
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Loan Info
Project Type
Classic Loan
Disbursed amount
$460.30
Date disbursed
Feb 17, 2021
Repayment status
On Time
Projected term
2 months
Cost to entrepreneur
Service fee: $28.51
Credit risk payment:
$85.60
Optional expediting fee:
$57.02
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Vicki Stewart Mar 22, 2021
Moses Mashoko Jul 2, 2021
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