11 weekly installments • 73%
My name is Bubala Malambo from Monze Southern Province of Zambia.
I completed my high school in 2017 and after passing my grade 12 exams, my parents could not afford to take me to university because of various issues affecting their income. So instead of waiting on them to find something for me to do or keep me busy with as I was still waiting to go to university I decided to start up my own business which was selling second hand clothes.
My uncle helped me with some capital and that is how I first started selling second hand clothes to the community.
I sell almost all types of clothes ranging from dresses, shirts, bedsheets, stocks, hoodies etc. My business is still growing, I recently ordered for blankets to sell because the whether here is very cold.
on average, my business is going on well because I am a little flexible with the prices so many people turn up in numbers every time I return with new clothes .
With the loan, I am planning on buying more winter clothes for my shop. This is because so many people around the community are in search of winter clothes that will keep them warm through the cold season.
This will not only profit my business but will also sale in no time allowing me to take care of my bills in no time.
By the end of next week, I am more than assured that I would have raised enough money to repay my loan without any hiccups
Jul 1, 2021
Cost to entrepreneur
Service fee: 5% of $15.65 = $1.08
Credit risk payment: $4.39