Equipment accuisation loan

Mutale

Chipata, Zambia

100% repaid

Entrepreneur

Name

Mutale

Member since

March 2017

On-time repayments

12 installments  •  58%

About Me

my name's are mutale mushinge born in 1990 in zambia's copperbelt town called luyansha and started my 1 level of education called grade 1 at Lusaka boys school later on did my grade 7 at Diana kayimba basic school and then did my High school at kaoma high school in which I finally completed from there and went to do my power electrical course at Lusaka bussines techincal college.

My Business

my source of income is generated from the current spare part bussines and supplies which am currently running in zambia's eastern province, chipata City I started this bussines some two years ago bussines in this town is really seasonal cause it's depended on mainly farming activities but there is a lucrative automobile industry which in turn ploughs back to us because of the need of spares for mobility

Loan Proposal

i will purchse equipment to enhance my production and service delivery which in return will increase my customer base so that my bussines will grow the cost of equipment is $30 once its bought it will give me $60 giving me aprofit margin of 100% which in return help me build capital which will result in me employing more workers as well as increasing wages for my current workers

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$26.00

Date disbursed

Oct 24, 2017

Repayment status

On Time

Projected term

6 weeks

Other loans

Lenders

PG

Paul Graham

United States

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  • Mutale    Aug 14, 2019

    hai hope you okay just things are tough a bit in the bussines community cause of the recent drought which led to low levels of rain fall in our country well part of our province wasn't really affected much cause Good really gave is in enough rains for crops to grow and at least through them we surviving has there's a bit of liquidity in the economy which has been greatly affected us small business enterprises thank you, regards mutale!

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  • Mutale    Dec 4, 2018

    This loans are working proof of the improvement of our businesses and livelihoods because of the financial backup you've given us am forever grateful

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  • Mutale    Oct 21, 2017

    thank you so much i will buy equipment for my shop,it will help me improve my service to my customers thankyou for this loan

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  • Mutale    May 3, 2017

    this loan has helped me very much because I purchased some silicone sealant to my shop it has increased my sales output now that it is in stock by a 20percent margin increase I have recycled the profit I got into brake fluid,most intresting thing about our neighbourhood is that we have a mountain climb challenge very intresting

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  • Mutale    Mar 26, 2017

    i will buy silicone for my shop has people sort for this product but i didnt have it,it wil boost my sales as it will be an addition to my things that ar in stock already.thank you for granting me this loan!

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