To purchase plastic tables and chairs for supply to schools
Mwaanga
Kitwe, Zambia
100% repaid
Entrepreneur
Name
Mwaanga
Member since
July 2017
On-time repayments
157 installments • 50%
About Me
hi my name is Mwaanga, am married and I come from a family of 4 girls. Life was very interesting growing up. I did my primary education and later completed my secondary education. One thing that i can recount as a hardship was going to college but by God's grace I managed to complete a Diploma in Social Work. Apart from being an entrepreneur, my interest is to help the needy in society and also work with children.I have 4 kids, the first born girl wants to become a medical doctor, my second born son wants to become a lawyer and the other two are still young. In my free time i enjoy singing and spending time with my family.
My Business
I am currently employed and I have been working for more than five years and I normally spend my salary on food and any support to my family. At the same time I run small businesses of selling rice at home and also supplying of books and smoking fish. I chose this kind of business because I noticed that people need food everyday.My source of income is my current job and any help rendered to me will be highly appreciated.The demand for food is high and with bigger capital my business will grow from one level to another.
Loan Proposal
Thank you to all my lenders for the help you have given me in my past loans. And as you can see i have been making repayments on time. I work in a primary school as you can see from my profile picture. And last year I identified a business to supply plastic tables and chairs to nursery schools for outdoor activities, as can be seen in my profile picture. I had some orders and it was successful.
I am applying for a loan amount $842, which I intend to buy sets of similar tables and chairs for resale to Nursery schools. A set of one table and 4 chairs costs about $30. I will spend $750 to buy 25 sets and $100 will be spent on transport. I will sell each set at $45. This will give me a profit of $10 per set and after all is sold I will make $1,125. From the loan I get from Zidisha ($842), it means my profit will be $283, about 33% profit. I will use part of this profit to get Christmas gifts for my family and I will save the rest to buy school books for my kids in January 2018 as they open schools. Being in employment, plus this profit from my loan proposal, I will be able to repay the loan without difficulties. I promise my lenders i will repay the loan on time.
My Videos
Apr 13, 2021: Smoked fish
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Loan Info
Project Type
Classic Loan
Disbursed amount
$878.00
Date disbursed
Dec 24, 2017
Repayment status
On Time
Projected term
6 months
Other loans
Lenders
United States
United States
Jake Gibson and Beverly Picardo
San Francisco, United States
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David Jun 17, 2019
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