Starting a small shop
Sydney
Hantumbu, Zambia
$0 to go
100% funded of $11 goal
0
days left
Entrepreneur
Name
Sydney
Member since
December 2016
On-time repayments
17 installments • 12%
About Me
My name is Sydney Makina and I am 21 years old. I completed my schooling in 2015 and Rahim Memorial High School in Mazabuka. In my free time I enjoy playing football and listening to music. I am also active in my local church. I may seem young, but I am very dedicated to business and improving my situation. I would love to go back to school someday.
My Business
With this loan I intend to open a small grocery in my village. I would be selling things such as cooking oil, mealie meal, salt, sugar, kapenta (dry fish), as well as other things. Right now there is not a place to buy these things close by and I think that I could profit. I was able to start buying materials with my first loan and am hoping to buy some small items with this one.
Loan Proposal
With the last loan I was able to get the structure of the shop built, but with this loan I would like to buy some small profitable inventory. I can buy 52 lollipops for 25 kwacha, and sell them at 1 kwacha each, making 27 kwacha of profit. Lollipops can finish within a week and a half and are a good start to the shop.
Feedback
Positive
None
Neutral
None
Negative
None
Loan Info
Project Type
Classic Loan
Disbursed amount
$11.00
Date disbursed
May 28, 2017
Repayment status
Late
Projected term
2 months
Other loans
Lenders
United States
United States
Summary
Amount repaid
$0.00
Amount remaining
$11.28
Expected completion
Aug 18, 2017
Status
Repaying late
Installment amount
$1.07
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Jun 9, 2017 | $1.07 | ||
| Jun 16, 2017 | $1.07 | ||
| Jun 23, 2017 | $1.07 | ||
| Jun 30, 2017 | $1.07 | ||
| Jul 7, 2017 | $1.07 | ||
| Jul 14, 2017 | $1.07 | ||
| Jul 21, 2017 | $1.07 | ||
| Jul 28, 2017 | $1.07 | ||
| Aug 4, 2017 | $1.07 | ||
| Aug 11, 2017 | $1.07 | ||
| Aug 18, 2017 | $0.54 | ||
Ask Sydney a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.