Entrepreneur
Name
Joseph
Member since
December 2020
On-time repayments
14 installments • 57%
About Me
Hello lenders, my name is Joseph Mambwe and I am 18 years old . I am the first born in a family of 3. Most young men at my age would be in college by now but am doing business because i have to support my two siblings. I lost my two parents in a road accident when I was 15 and I couldnt continue in school but took up the business my parents were running.
My Business
I sell sewing materials and clothes in my shop.My parents died when I was 15 and left a shop where they were selling clothes and this was their main source. I stopped and continued to run this business and there has been an improvement. With more funding I can do even better. The cost i face is transport when buying materials for sale.All the profits from this shop goes to paying school fees for my two siblings.
Loan Proposal
I want to thank my lenders for lending me. Now am applying for loan amount 3,625 ZMW and the purpose of the money is to buy school uniform materials. As schools are reopening very soon there will be a high demand for school uniforms . And not all parents are able to buy brnad new school uniforms from shops, most of them buy materials and take to a tailor. So i want to use this money to buy materials for sewing school uniforms.new The profit I will make will go towards paying for school fees for my siblings.
Income Source
The shop where I sell also has a space for a tailor .Then I also sell clothes and sewing materials for school uniforms and these very good quality. The demand is high so sell everyday.
Feedback
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Loan Info
Project Type
Classic Loan
Disbursed amount
$175.00
Date disbursed
Jan 20, 2021
Repayment status
On Time
Projected term
6 weeks
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Summary
Amount repaid
$175.47
Amount remaining
$0.00
Date repaid
Feb 23, 2021
Status
Fully repaid
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Feb 2, 2021 | $29.29 | Feb 4, 2021 | $29.29 |
| Feb 9, 2021 | $29.29 | Feb 12, 2021 | $29.29 |
| Feb 16, 2021 | $29.29 | Feb 23, 2021 | $29.29 |
| Feb 23, 2021 | $29.29 | Feb 23, 2021 | $29.29 |
| Mar 2, 2021 | $29.29 | Feb 23, 2021 | $29.29 |
| Mar 9, 2021 | $29.04 | Feb 23, 2021 | $29.04 |
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