Paying for my daughter oliness to go to teaching school
Richard
Simunchembu, Zambia
100% repaid
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
I will use this loan to help pay for my daughter Oliness to go to university. This will allow her to become a teacher. Because she does well in school and I am sending her to a good university, she will get hired soon after she finishes.
Feedback
Positive
4
Neutral
None
Negative
1
Loan Info
Project Type
Classic Loan
Disbursed amount
$199.00
Date disbursed
Apr 9, 2016
Repayment status
On Time
Projected term
22 months
Lenders
United States
United States
United States
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