Buy more raw materials to construct more blocks

William

Lusaka, Zambia

Funds disbursed

$0 to go

100% funded of $18 goal

days left

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How it Works

Entrepreneur

Name

William

Member since

April 2018

On-time repayments

6 installments • 67%

About Me

My name is Willian Banda i was born on 28th August, 1997.I started my primary school at Mutambe Primary School in Mandevu Township in Lusaka.Then qualified for high school at Munali Secondary school after successfully satisfying primary school certificate.While after finishing my high school certificate i was awarded a schoolarship to study plumbing and bricklaying at Lusaka Trades Vocation Training Institute and graduated with a Diploma in Plumbing and Bricklaying.Through these training i managed to over came hardships because am able to work independently.

My Business

I have a block making machine and manufacture building blocks for construction of any building.The demand is very and i need to buy a bigger hydraulic machine for manufacturing 1000 blocks and above.I choose this business because most people in our community are building houses and companies are building wall fences and also warehousing.My typical is ZMK 5000.Am able to buy Cement and pallets, however i generate more than ZMW 15000 when i manufacture 2000 and more.

Loan Proposal

Am requesting for the new loan to boost my raw material to construct more concrete blocks, considering the depreciation of the kwacha i need to raise more funds for my working capital and operations,hence i $ 300, i need to buy more quarry dust and cement to construct more blocks therefore this will help me generate more income because blocks are at the moment in our community as every on is building houses.

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J Jul 16, 2018

Neat on time repayment. Great status update.

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Loan Info

Project Type

Classic Loan

Disbursed amount

$18.00

Date disbursed

Oct 5, 2018

Repayment status

Late

Projected term

1 week

Other loans

Lenders

Rebecca Samantha Stäter

Groningen, Netherlands

ASOKUMAR SHANMUGAM

United States

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William Oct 4, 2018

The loan made a different in my business despite being very low and block business is fast selling its that my working capital is very and this is why am requesting Zidisha and the lenders to help me expand my business.

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William Aug 16, 2018

Dear lenders my loan was a success because of you ,Zidisha is one of best lending institutions in the world, if Zidisha can reach out to all nations of the world poverty would be eradicated because most people would engage themselves in entrepreneurship and help their families the way i do.May God almighty bless Zidisha and its staff for this wonderful work they are doing to liberate us.

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William Aug 13, 2018

Dear Zidisha team & the Lenders,
Am sorry for delaying in repaying my loan, the block making machine was down hence i was not making blocks i just started and i made a few and generated some sales.

However, i have now repaid my loan in full and below are the details of the repayments:

Name: William Banda
MTN Phone:0963346370
Amount Repaid:ZMW 108
Transaction I.D; 505164836
Date repaid:13/08/2018

Thank you so much for empowering me with the loan, i will be royal to Zidisha because of the good service and support the organization is providing to us.

Kind regards

William Banda

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William Jul 17, 2018

I received an amount of ZMW 93 in my
account and am yet to buy the raw material for the construction of blocks.Am very thankful to my renders i really appreciate you for the support you have given me.

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J likes this.
William Jul 16, 2018

Well the loan helped me a lot i was able to repair the block making machine and started machinery block, thank you so much my lenders for your support and this is the reason why i was able to generate revenue fast and repaid my current loan in full.For my second loan i really want to buy more materials of the construction of more blocks.

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William Jul 6, 2018

Thank you so much my lenders am very grateful for the loan, i have received an amount of ZMW 90 and i will soon repair the block making machine and start making blocks.

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J Jul 4, 2018

Your loan is now fully funded. Please keep us posted.

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