Expanding business

Patrick

Kitwe, Zambia

100% repaid

Entrepreneur

Name

Patrick

Member since

October 2018

On-time repayments

20 installments  •  35%

About Me

I am an entrepreneur who believes in innovation and marketing new products. I am running a mini gold ore processing plant . I want to build a good relationship ship with zidisha lenders because of my plans to expand my business. I started my business with only $120 dollars resale of groceries and made profits which helped me to grow my business to a point of receiving revenues of $200 weekly. By 2021, from the profits, I managed to save and set up a mini small scale gold processing plant at the cost of $7,345. My desire is to expand my operations to have a mining license and do more capacity plant. Seeking $22,000 for the license fees, plant machines and operations costs.

My Business

I have changed my line of business from the initial food and Airtime business to now a gold/copper processing business at a small scale level. I mine gold ores under artisan license for a cooperative of which am a member. And I process the ore for physical extraction of gold grains which is sold locally at $60/gram.
I have done this business since 2021 to date. And I desire to own a large scale mining license.

Loan Proposal

Since service providing business is quite good in regenerating invested money. I intend to invest in selling utility units, air time and an interes of 1% and 4% respectively.

Feedback

None

None

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Loan Info

Project Type

Classic Loan

Disbursed amount

$17.00

Date disbursed

Jan 20, 2019

Repayment status

On Time

Projected term

8 weeks

Lenders

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Summary

Amount repaid

$17.35

Amount remaining

$0.00

Date repaid

Jun 22, 2024

Status

Fully repaid

Repayment History

Expected Payments Actual Payments
Jan 29, 2019 $2.05 Mar 1, 2019 $2.05
Feb 5, 2019 $0.00
Feb 12, 2019 $0.00
Feb 19, 2019 $0.00
Feb 26, 2019 $0.00
Mar 5, 2019 $3.59 Jun 22, 2024 $3.59
Mar 12, 2019 $3.59 Jun 22, 2024 $3.59
Mar 19, 2019 $8.11 Jun 22, 2024 $8.11

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