I need more capital to boost my bread business

Peggy

Lusaka, Zambia

Funds disbursed

$0 to go

100% funded of $12 goal

0

days left

Entrepreneur

Name

Peggy

Member since

August 2017

On-time repayments

10 installments  •  0%

About Me

Dear Lenders, my name is Peggy Musumuko. I am a Zambian young Lady that is hard working and i was born in a family of 5. I started this business of selling bread in the streets from the bakeries and now i own my own shop as an outlet for bread from the bakeries. And i also supply supermarkets like spar with Fresh Fish and Meat i receive from our farm. And this business has been helping us a lot as a family and i really depend on this business for everything we need in our family and i am just disciplined to avoid over spending so that the capital remains intact. But i am having serious challenges of spending for the medicine for my Grand Mother suffering from cancer and i want to increase my working capital so that i don't go down. I am trying to make sure i also expand and reinvest into some other businesses. Well, i like spending my little time singing in choir at church on sundays afternoon after main service. And i would also like to view our tourist attraction places when i am free and everything in place.

My Business

I running my own outlet for bread from the bakeries and they deliver at my shop early in the morning for my customer to buy on wholesale and retail. I have different types of bread, like buns, cream doughnuts, scones etc. And i have continued giving my bread to some guys to sale in the streets where i started from. Bread is on demand because everyone buys for the family breakfast. I choose this business because i was once working in the bakery when i just completed my high school.

Loan Proposal

I am applying for only $30 for the increase in my capital for my bread business to be boosted up. This will make me stop having the challenges on expenses for my grandmother's medical bills. And i will even manage to pay for my tuition fees so that i can further my education and i will do business studies. And my profit will increase massively by $400 every month from $200.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$12.00

Date disbursed

Aug 3, 2017

Repayment status

Late

Projected term

2 months

Lenders

Humble Bundle Community

San Francisco, United States

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Summary

Amount repaid

$0.00

Amount remaining

$11.56

Expected completion

Oct 14, 2017

Status

Repaying late

Installment amount

$1.16

Repayment History

Expected Payments Actual Payments
Aug 12, 2017 $1.16
Aug 19, 2017 $1.16
Aug 26, 2017 $1.16
Sep 2, 2017 $1.16
Sep 9, 2017 $1.16
Sep 16, 2017 $1.16
Sep 23, 2017 $1.16
Sep 30, 2017 $1.16
Oct 7, 2017 $1.16
Oct 14, 2017 $1.16

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