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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Summary

Amount repaid

$24.80

Amount remaining

$0.00

Date repaid

Nov 26, 2018

Status

Fully repaid

Repayment History

Expected Payments Actual Payments
Nov 3, 2017 $4.71 Nov 7, 2017 $3.14
Nov 26, 2018 $1.57
Nov 10, 2017 $4.71 Nov 26, 2018 $4.71
Nov 17, 2017 $4.71 Nov 26, 2018 $2.09
Nov 26, 2018 $1.78
Nov 26, 2018 $0.84
Nov 24, 2017 $4.71 Nov 26, 2018 $4.71
Dec 1, 2017 $4.71 Nov 26, 2018 $4.71
Dec 8, 2017 $1.26 Nov 26, 2018 $1.26

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