Name
Kalolo
Member since
October 2018
On-time repayments
3 installments • 67%
Kalolo Kalondwa is my name, am 30 years old born and live in Mpika Muchinga province republic of Zambia since my childhood i went to chilonga primary school and progressed to high secondary school and i was enable to further my studies due to financial challenges so opted to join my brother who had a garage for repairing motor vehicles, within 1 year i was able to dismantle and assemble the engine of small vehicles i gained experience and skills that are useful to me, the skills and experience that i gained from my brother enabled me to find employment and make some savings after working for two years i was able to start my own garage
i spent most of the time with family more especially during the weekends and mostly we share ideas with the family
My business specialized in all Automotive spares, brand new auto parts, electrical and mechanical, I also offer services such as motor vehicle repairs and spray painting my business is on high demand from both the local and international customers my business location is strategically positioned
alot of people are importing cheap vehicles hence having problem of brooking down hence they buy and fit spare parts from my garage shop
The total cost of my business is USD8,000 with this kind of investment i will be earning about 45% profit per week
I normally use about 15% profit to reinvest in growing the business and the other balance i use for paying school children and transport
I will use the loan to buy and sale automotive spare parts in my garage this will attract more customers and generally it will increase the working capital for my business
this will benefit not only my family but the community by creating employment
Positive
None
Neutral
None
Negative
1
Project Type
Classic Loan
Disbursed amount
$1.00
Date disbursed
Oct 27, 2018
Repayment status
On Time
Projected term
1 week
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Amount repaid
$1.23
Amount remaining
$0.00
Date repaid
Nov 5, 2018
Status
Fully repaid
Expected Payments | Actual Payments | ||
---|---|---|---|
Nov 5, 2018 | $1.23 | Nov 5, 2018 | $1.23 |
Margaret Apr 13, 2019
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