Expanding my stock & start new business
Philip
Lusaka, Zambia
100% repaid
Entrepreneur
Name
Philip
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
I plan to use this loan to grow my capital, hence buy more new stock & allow me to open a better bigger business that i have been planning of running a big bar.
Income Source
May current business has not been affected much by the current activities, still i plan to reduce all unnesseray expenses & reduce some of my other expenses. Plus more cash injections simply means i can buy more inventory hence increased sales which lead to increased profits
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Loan Info
Project Type
Classic Loan
Disbursed amount
$11.00
Date disbursed
Sep 28, 2020
Repayment status
On Time
Projected term
1 week
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