Name
Edgar
Member since
October 2020
On-time repayments
37 installments • 49%
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.
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.
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.
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.
Positive
None
Neutral
None
Negative
None
Project Type
Classic Loan
Disbursed amount
$11.00
Date disbursed
Oct 26, 2020
Repayment status
On Time
Projected term
3 weeks
Amount repaid
$11.16
Amount remaining
$0.00
Date repaid
Nov 13, 2020
Status
Fully repaid
Expected Payments | Actual Payments | ||
---|---|---|---|
Nov 6, 2020 | $3.76 | Nov 6, 2020 | $3.65 |
Nov 8, 2020 | $0.11 | ||
Nov 13, 2020 | $3.76 | Nov 11, 2020 | $3.76 |
Nov 20, 2020 | $3.65 | Nov 13, 2020 | $3.65 |
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