New clothes for my shop

Edgar

Kitwe, Zambia

100% repaid

Entrepreneur

Name

Edgar

Member since

October 2020

On-time repayments

37 installments  •  49%

About Me

I started my primary education in kitwe at rokana primary school. My parents live in the live so i grew up with my auntie working for the council. During school holiday as kids at home we could go to help auntie at her shop in the market to sell clothes. i started having interest in business from there so when i couldnt do well in school and school fees were a bit of a challenge i started busines with help from my auntie. I order clothes from tanzania and sell them at my stand. The people around my area are good they like helping one another. In my free time i like reading business books.

My Business

I sell mainly ladies clothes and shoes. Ladies like fashion as compared to men so clothes for ladies are on demand. I sell quality clothes are good price. When ordering clothes i pay for transport and money transferring charges. Also i pay for security as they come on buses. When i make profit i use it for rent i also add more to my capital so my business keeps growing up.

Loan Proposal

when i get this loan i will order some clothes for my shop. I already have some capital so i want to top up and order more clothes. This will benefit me because my profit will go up to about K500 per week which is like 10%, Once i make profit i use for rent and reinvest the rest in the business.

Income Source

I help in my other shops for my auntie so when business for me is not going well i help in selling in my aunties shop and make some money.

Feedback

None

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Loan Info

Project Type

Classic Loan

Disbursed amount

$11.00

Date disbursed

Oct 26, 2020

Repayment status

On Time

Projected term

3 weeks

Lenders

Paul Buchheit

Mountain View, United States

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