Fuel

Khumbolucky

Lusaka, Zambia

100% repaid

Entrepreneur

Name

Khumbolucky

Member since

December 2019

On-time repayments

18 installments  •  17%

About Me

I am 7th in a family of 8, an orphan. Lost my mother first at a tender age, my father left us to fen d for ourselves. He then lost his life last year. I was raised by my elder sister and her husband. They took me to school and made sure i completed my GCE.

I have always worked hard and made sure I leave room for disappointment, I started saving my allowances until i bought my own car which i started hiring out, I now have registered a company which am working towards growing.

I have a 2 year old and I hope she grows up to be independent and self motivated. In my past time i like to meditate

My Business

I run a car hiring service. It's one small car at the moment and it's good on fuel consumption, with the current fuel prices they are on high demand

My costs are mainly fitness, road tax, insurance and general servicing of the car. I earn about K10,500 a month from the one car

I save some of it, the most of its goes to my fees for my studies and also my daughters kindergarten

Loan Proposal

The loan will be used for refueling the car in order to hire it out enabling us as a business to stick to our policy of hiring out a car with fuel to our clients

Income Source

I have managed to adjust my hiring rates which enables me to be able to get clients to hire the vehicle. That being said, I am able to get clients which will enable me to pay back the loan

Feedback

None

None

None

Loan Info

Project Type

Classic Loan

Disbursed amount

$27.00

Date disbursed

Jan 19, 2021

Repayment status

On Time

Projected term

4 weeks

Lenders

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Summary

Amount repaid

$27.30

Amount remaining

$0.00

Date repaid

May 14, 2021

Status

Fully repaid

Repayment History

Expected Payments Actual Payments
Jan 30, 2021 $6.83 May 14, 2021 $6.83
Feb 6, 2021 $6.83 May 14, 2021 $6.83
Feb 13, 2021 $6.83 May 14, 2021 $6.83
Feb 20, 2021 $6.83 May 14, 2021 $6.83

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