Loan for more groceries & home supplies to sell, to help pay for my daughter's education

Richard

Simunchembu, Zambia

100% repaid

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How it Works

Entrepreneur

Name

Richard

Member since

October 2015

On-time repayments

165 installments • 81%

About Me

I am Richard Siafwa. I am 52 years old. I have eight children. One has finished school but is lacking sponsorship. The other seven have not finished; they are just at home. Five are married. The other three are not yet married. One of these has finished school, and the other is in grade seven. I'm running a shop, but I would like to improve orders of my shop so that I can earn a better livelihood.
I was working for Zambia Railways in 2000, then with the money I got, I decided to start a shop because the wages were too low. I started the shop in 2003, and the shop is currently is open on daily basis. However, I am incapable to sell some products in the shop because I have lack of funds.

My Business

I sell drinks, cooking oil, salt, biscuits, soap, fabric, and other groceries. People use these things on a daily basis. I chose to have a shop because it is the fastest way to make money.
In a week, I may spend 1,000 kwacha. Once I sell those things, I will make about 200 extra.
I spend money on sending my children to school, farming, and buying more groceries to sell.

Loan Proposal

With a new loan I will be able to buy more groceries and home supplies for my shop in the villages which will then help get more of a surplus to pay for my daughter's university education tuition. I will be able to buy supplies like flour, soap, cooking oil and etc; therefore, people in the village do not have to travel 20k to town to buy daily groceries.

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C
Catherine Jun 1, 2024

13% repaid

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M
Margaret Dec 29, 2018

The loan was paid back in a timely manner!

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- Richard Jan 9, 2019
  
  Thank you madam Margaret i really appreciate your support may God bless you .
  
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Mary Oct 12, 2017

Richard is an excellent borrower. I would recommend loaning to him for any future loans.

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- Richard Jan 9, 2019
  
  Thank you madam Mary God richly bless you and your family this year in 2019.
  
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M
Margaret Oct 12, 2017

Richard paid off his loan perfectly, I would gladly lend to him again and encourage others to do the same.

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