Name
Mwiinga
Member since
April 2016
On-time repayments
58 installments • 9%
I mwiinga mweetwa was born in 1975 , at sianachula village in choma district of southern province of zambia . I started my school at chipande primary school and was selected to go to sikalongo secondary school , where I completed my junior education , but could not continue with my education due to difficulties in finding money for my school fees .
Thats how I started to do business and i am currently running a barber shop which is assisting with my up keep . I went through a rough parch in my life and its for this reason that I feel my children should not go through the same predicament I went through myself.
My business was started with a very small capital and I started with only one machine and I now have three (3) machines . I have been doing this business for five (5) years now , and I am sure that repayments for loan will not be a problem since a an income comes in on a daily basis and will greatly help to grow my business which is the only source of income I have and will go along way to help me and my family . I hope to use this loan to buy three new machines and to open another outlet in choma town centre because there are alot of people there. this will help increase my income and be able to support my family well.
the purpose of the of the loan is to expand my business and additional machines I intend to get will give me a shot in the arm to give my customers a good service and extend my services to other intending customers and will give me a fair competition with other competitors in the same business.if my loan is successful i will use the money to buy machines and also to open up another outlet in town because thats where there are many people.machines cost about $30 each so three will cost$90 and then it will cost me about $60 to open up an outlet in town. il also buy four chairs which will cost$15.i believe i will benefit greatly from this loan because il be able to make enough money to take care of my family and pay my children's school fees.
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Project Type
Classic Loan
Disbursed amount
$179.00
Date disbursed
Oct 22, 2016
Repayment status
Late
Projected term
14 months
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