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 buy the same commodities that I usually do, but I will buy in bulk so that I will not have shortages of commodities. I should make about 350 kwacha (27 USD) in profit from this loan.
cooking oil - 11 USD/12 bottles
washing paste - 12USD/box
soda - 4 USD/crate
bath soap - 9 USD/box
Feedback
Positive
4
Neutral
None
Negative
1
Loan Info
Project Type
Classic Loan
Disbursed amount
$150.00
Date disbursed
Dec 20, 2015
Repayment status
On Time
Projected term
18 months
Lenders
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Margaret Oct 12, 2017
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