Inventory of wraps

Doreen

Lusaka, Zambia

Funds disbursed

$0 to go

100% funded of $210 goal

0

days left

Entrepreneur

Name

Doreen

Member since

January 2021

On-time repayments

26 installments  •  38%

About Me

My names are Doreen Sitali, a widow and a proud mother of 5 children but with only 2 surviving children. Am a breed winner in the family and that helps me to work hard even more so that i can feed and take my grand children to school , the children left by my 3 children who have passed.
I came to start my own business after loosing my husband who was a sole provider so that my children can go to school through the help of other women in the community who showed me on how i can run a bossiness. I enjoy gardening in my free time.

My Business

I own a shop at the market where i sell chitenge wrappers and farming tools. am also a poultry farmer. i keep chickens and pigs for business. i choose this kind of business because i know that it is a source of nutrition for people in my community, and also most women need wrapper to wear .I also own about 5 flats that i rent out to the people in my community.
The cost i incurs usually is buying feed for the chickens and pigs. i also want to renovate the poultry so that i put up a bigger on to accommodate about 1000 birds.
i use the profits to run the home and take my grandchildren to school and also reinvest in the business.
also i want to restock my shop

Loan Proposal

with this loan am applying, i want to purchase inventory for my wrapper shop and head wraps. i want to restock it so that i can increase sales as people turn to buy more when the shop is well stocked and when whatever the customer is looking for can be found. in this way even the profit margin is increased by increasing the sales turn over.

Income Source

when i restock the shop with at the necessary things that people need, i will be able to increase on sales revenue and profit as the sales turn over will also be increased. and in case where business does not go well, the money that will be collected from rentals can caution me to pay back the loan.

Feedback

2

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Loan Info

Project Type

Classic Loan

Disbursed amount

$210.00

Date disbursed

Jun 2, 2021

Repayment status

Late

Projected term

2 months

Lenders

TomF925

www.AfricaLeap.com, United States

B

bmkahora

United States

MD

Miles Dodge

CORVALLIS, United States

Bryce Schubert

Toronto, Canada

Ren

Minneapolis/StPaul, United States

Diane U

Olympia, Wa, Usa, United States

Paul Thompson

York, United Kingdom

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Summary

Amount repaid

$0.00

Amount remaining

$202.18

Expected completion

Aug 8, 2021

Status

Repaying late

Installment amount

$50.54

Repayment History

Expected Payments Actual Payments
Jun 13, 2021 $50.54
Jun 20, 2021 $50.54
Jun 27, 2021 $50.54
Jul 4, 2021 $9.66
Jul 11, 2021 $9.66
Jul 18, 2021 $9.66
Jul 25, 2021 $9.66
Aug 1, 2021 $9.66
Aug 8, 2021 $2.22

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